4930 Point Loma Blvd, Ocean Beach (OB), CA 92107

$8,800,000
List Price
$8,800,000
Days on Market
20
Status
ACTIVE
MLS#
NDP2405905
Lot Size(apprx.)
13,471
City
Ocean Beach (OB)
Neighborhood
Oceanbeach/ Point Loma
Property Type
Multifamily

Property Description

Competitive Seller Concessions Available. LOCATION! LOCATION! LOCATION! A rare opportunity for an investor/developer to own a 7-unit income property in the prime location of Ocean Beach/Point Loma. This property offers stunning ocean views and is just minutes from the beach, making it the ideal investment youve been searching for. Currently generating steady monthly rental income with high cap rate, the building has significant potential for increased income with some TLC and renovations to convert it into short-term rentals and Airbnb. The complex features 3-bedroom, 2.5-bath townhouses with extra bonus rooms that can serve as a 4th bedroom or office. The units are spacious with hardwood flooring, master bedrooms with en-suite bathrooms, and plenty of natural light. Each townhouse has been partially upgraded, offering great potential for further enhancements. With no HOA or Mello-Roos fees, this property includes 17 garage parking spaces under the building and ample street parking. Located near major highways, Downtown San Diego, and the airport, this property offers unparalleled convenience for residents and visitors alike. Ocean Beach and Point Loma are renowned for their vibrant communities, beautiful beaches, and attractions like Sunset Cliffs Natural Park, known for its hiking trails, tide pools, and breathtaking sunsets. Residents will enjoy the proximity to numerous restaurants, shops, and outdoor activities, enhancing the appeal of this prime location. Dont miss this rare find in the heart of Ocean Beach/Point Loma, where you can enjoy beautiful ocean view sunsets

Additional Information

Lot Size
13,471
Neighborhood
Oceanbeach/ Point Loma
Stories
2 Story
Style
Res Income 2-4 Units
Supplemental
Competitive Seller Concessions Available. LOCATION! LOCATION! LOCATION! A rare opportunity for an investor/developer to own a 7-unit income property in the prime location of Ocean Beach/Point Loma. This property offers stunning ocean views and is just minutes from the beach, making it the ideal investment youve been searching for. Currently generating steady monthly rental income with high cap rate, the building has significant potential for increased income with some TLC and renovations to convert it into short-term rentals and Airbnb. The complex features 3-bedroom, 2.5-bath townhouses with extra bonus rooms that can serve as a 4th bedroom or office. The units are spacious with hardwood flooring, master bedrooms with en-suite bathrooms, and plenty of natural light. Each townhouse has been partially upgraded, offering great potential for further enhancements. With no HOA or Mello-Roos fees, this property includes 17 garage parking spaces under the building and ample street parking. Located near major highways, Downtown San Diego, and the airport, this property offers unparalleled convenience for residents and visitors alike. Ocean Beach and Point Loma are renowned for their vibrant communities, beautiful beaches, and attractions like Sunset Cliffs Natural Park, known for its hiking trails, tide pools, and breathtaking sunsets. Residents will enjoy the proximity to numerous restaurants, shops, and outdoor activities, enhancing the appeal of this prime location. Dont miss this rare find in the heart of Ocean Beach/Point Loma, where you can enjoy beautiful ocean view sunsets from your windows. Seize the opportunity to own this exceptional 7-unit complex and take advantage of its incredible location and potential.

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Ava Khamooshi (619-212-0856) from Listing Office: AK Broker.

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