$1,575,000
$1,600,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
4739 Point Loma Ave San Diego, CA 92107
2,813 Sqft Lot
Key Details
Sold Price $1,575,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Ocean Beach
MLS Listing ID 210022697
Sold Date 09/14/21
HOA Y/N No
Year Built 1968
Lot Size 2,813 Sqft
Acres 0.0646
Property Description
LOCATION! LOCATION! LOCATION! A fixer-upper 2 story complex with 2 units, 3 bed 2 bath, and 3 bed 1.5 bath. Great for an investor or developer looking to renovate and maximize the income potential of this property. You can build another story on top. The second floor has Oceanview. Perfect for AirBNB and short term rentals. Current cap rate 5%, and when renovated and used for AirBNB, cap rate can go as high as 12%. Tenants are month to month but love to live there. Keep the tenants and enjoy the current income, or develop, build, renovate and increase the cashflow. Hardwood flooring and granite countertops. The location is amazing! Sunset Cliffs Coastal Trail, Little Lion Cafe, Bermuda Beach, Ocean Beach, one Block to the ocean. Mix of residential and commercial land use. Plenty of restaurants and coffee shops around. Perfect tourist ultimate destination. Send your offers now! Number of Furnished Units: 0
Location
State CA
County San Diego
Area 92107 - Ocean Beach
Zoning COMMERCIAL
Interior
Cooling None
Fireplace No
Exterior
Fence None
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4483420700
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Other
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Bought with Sean Broderick • Advantage Team Real Estate