Property Description

Welcome to paradise at this super beach-proximate South Ocean Beach stunner, an eight (8) unit apartment property located at 4961-67 Coronado Avenue, just steps from the coast and 1.5 blocks from beach access at Santa Cruz Cove Beach. Also walking distance to Newport Avenue retail and Sunset Cliffs Trails, the “OB Farmhouse” boasts about as good of a coastal rental location as one can ask for. Comprised of all one-bedroom/one-bathroom units that average +/-410 SF in size, and featuring nine (9) surface off-street parking spaces, this property has undergone a beautiful transformation over the past several years via capital improvements, repairs, and bringing rents to market. Recent property upgrades include: installation of new dual-pane vinyl windows; electrical system upgrades; roof repairs; and unit interior renovations. Perched upon a +/-6,700 SF lot with good elevation above sea level relative to the immediate area, the single-story structure has +/-3,280 SF of rentable building area, and was built in/around 1955 of wood frame construction upon an elevated foundation with a pitched shake-shingle roof. The OB Farmhouse has attractive curb appeal, including recently repainted stucco exterior, modern signage, and some hardscape with tasteful drought-tolerant landscaping. These efficient units are separately metered for gas and electricity, operating on city trash services. The astute premium market multifamily investor may look to keep this as long-term rentals and perhaps update their maximum rental potential further by adding some form of laundry on-site.

Features
: Wall Furnace
: Other
: Spaces
: Other, See Remarks
Appliances
: Refrigerator, Range
Address Map
US
CA
SD
Ocean Beach
92107
Coronado Ave.
4961-67
W118° 44' 44.4''
N32° 44' 31.3''
Go down Coronado Avenue until about 100 feet before the coastline, just on the left.
Coastal South
Additional Info
Palma Commercial
Additional Information
: Stucco, Frame
: One
: Part Landscaped
8
1
https://www.propertypanorama.com/instaview/snd/250016931
Listing Information
651419
3874
ACTIVE
2025-03-27T01:57:14Z
sdmls
: N/K

Residential Income Additional

4961-67 Coronado Ave., Ocean Beach Ca 92107

4 Bedrooms
3,280
$3,195,000
Listing ID #250016931
Basic Details
Property Type : Residential Income Additional
Listing Type : For Sale
Listing ID : 250016931
Price : $3,195,000
Bedrooms : 4
Square Footage : 3,280
Status : Active
Property Sub Type : Com-Res Income
Roof : Shake
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