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Key Details
Sold Price $1,333,500
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Ocean Beach
MLS Listing ID 250020531
Bedrooms 4
Full Baths 2
Year Built 1950
Lot Size 3,500 Sqft
Property Sub-Type Res Income 2-4 Units
Type of Financing Cash,Conventional,Other/Remarks
Property Description
Rare Ocean Beach Duplex – First time on market in 45 years! This prime multi-unit property offers incredible investment potential in one of San Diego's most desirable coastal communities. Two separate homes on one lot. The front house is 2-bed/1-bath, recently vacated and ready for an owner-occupant or new tenant. The back house is also 2-bed/1-bath, providing additional possibilities for future use. Multi-unit residential zoning offers flexibility for potential expansion or upgrades. Situated just three blocks from the beach, this location is unbeatable. Enjoy the laid-back coastal lifestyle. Ocean Beach is a high-demand rental market, making this an ideal investment for long-term appreciation. Opportunities like this don't come around often!
A rare chance to own a multi-unit property in one of San Diego's most desirable coastal communities! Whether you're an investor looking to maximize rental income, a homeowner wanting to live in one unit while holding the other for future use, or a developer exploring new possibilities, this property offers endless potential. Located just three blocks from the beach, this two-home property consists of a 2-bedroom, 1-bath front house that was recently vacated, offering immediate flexibility for an owner-occupant or a new tenant. The back house is also a 2-bedroom, 1-bath, providing additional possibilities for future use. With multi-unit residential zoning, there may be opportunities to enhance or expand the property (buyer to verify with the city). Ocean Beach (OB) is one of San Diego's most vibrant and sought-after beach communities, offering a laid-back lifestyle, strong rental demand, and unbeatable location. Residents love the walkability to Newport Avenue's eclectic mix of restaurants, cafés, and local boutiques, the famous OB Pier, and the city's best weekly farmers' market. Outdoor enthusiasts can enjoy surfing, biking, and endless coastal trails, while investors recognize OB as an appreciating real estate market with consistent demand. With limited coastal inventory and a high-demand rental market, this property presents a fantastic opportunity for a long-term hold, value-add upgrades, or future redevelopment. Opportunities like this don't come up often in one of San Diego's most iconic beachside neighborhoods.
Location
State CA
County San Diego
Community Ocean Beach
Area Ocean Beach (92107)
Interior
Heating Natural Gas, Other/Remarks
Exterior
Exterior Feature Stucco, Wood, Wood/Stucco
Parking Features Unit1:Attached Unit2:N/K
Garage Spaces 1.0
Fence Full
Roof Type Composition,Other/Remarks
Building
Lot Description Alley Access, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
Story 1
Sewer Sewer Connected
Water Meter on Property
Schools
Elementary Schools San Diego Unified School District
Middle Schools San Diego Unified School District
High Schools San Diego Unified School District
Others
Acceptable Financing Cash, Conventional, Other/Remarks
Space Rent $1,300
Listing Terms Cash, Conventional, Other/Remarks
Pets Allowed Yes
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Bought with Joe Ghio • Coldwell Banker West
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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