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John R Thompson

jrtcalibroker@gmail.com +1(805) 796-5221

Listed by Jan Sachs • JP Equity Real Estate Corp

$3,950,000

Est. payment - /mo

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 8P-2602998

Year Built 1970

Tax Year 2025

Property Sub-Type Multi Family

Source California Regional Multiple Listing Service (CRMLS)

Property Description

Presenting a rare coastal investment opportunity at 4928 Coronado Ave. in San Diego: a 9-unit multifamily property IDEALLY LOCATED ONLY 8 LOTS FROM THE BEACH in the coveted Sunset Cliffs neighborhood of Ocean Beach 92107. With rents offering a significant upside, this is an ideal opportunity for investors looking to capitalize on the strong rental demand this irreplaceable beach location commands. The long time owners have been generous stewards of their long time tenants, HOLDING RENTS APPROX. 30% BELOW AVERAGE MARKET RATES. The property has been very well-maintained with upgraded electric throughout, newer lux. vinyl flooring, updated bathrooms, landscaped courtyard, common laundry and on-site parking for each unit. It's a short walk to the Ocean Beach vibe on Newport Avenue with eclectic dining, boutique shops, local events, and endless beach activities. This is a true lifestyle and value-add opportunity in one of San Diego's most beloved coastal communities. Open the DOCUMENTS tab for the MARKETING BROCHURE which offers detailed info on unit features, upgrades and building elements. Proudly offered by JP Equity Real Estate.

Location

State CA

County San Diego

Area 92107 - Ocean Beach

Zoning RM 2-4

Interior

Inclusions none

Laundry Laundry Equipment Own Lease, Common Area, Dryer Included, Washer Included

Exterior

Utilities Available See Remarks, Cable Connected, Electricity Connected, Natural Gas Available

Building

Lot Description Utilities - Overhead, Walkstreet, Landscaped, Level with Street, Rectangular Lot

Others

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John R Thompson

+1(805) 796-5221

Broker/Owner | License ID: 01200900

Broker/Owner License ID: 01200900

San Diego, CA 92107

John R Thompson

Key Details

Location

Interior

Exterior

Building

Others

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