Skip To Content

4774 W Point Loma Blvd.

San Diego, CA 92107
  • $3,750,000
  • STATUS: Active
  • ON SITE: 57 Days
  • ID#: 210032417
$3,750,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing Agent(s): Erik Anderson of Northmarq Multifamily (858-675-7865)


Description

Pleased to present a well-kept value-add 8-unit property for sale. 4774-4780 West Point Loma Boulevard is a luxury asset located in the highly sought-after Ocean Beach submarket. The property is well located directly at the entrance to Ocean Beach. Situated just over a half-mile from the Pacific Ocean, 4774-80 West Point Loma is within walking distance to all the eclectic neighborhood has to offer. Built in 1959, the property offers approximately 6,300 square feet of rentable square feet. Comprised of six, large two-bedroom one-bath units and two, one-bedroom one-bath units, the property provides select ocean views, and ample living space compared to standard apartments. The units enjoy updated plank flooring throughout, new white shaker cabinets, new stainless-steel appliances, granite countertops and all new bathrooms. Tenants enjoy incredible accessibility to the beach, dog beach, multiple parks, the Ocean Beach farmers market, and all the one-of-a-kind eateries the area has to offer while providing on-site laundry and off-street parking. There is a large underutilized storage room of 500-600/sf that could easily be converted into an ADU to increase cashflow. The complex offers investors the rare opportunity to be the owner of a stabilized asset in one of San Diegos most desirable rental markets. Increased demand within Ocean Beach and neighboring submarkets will continue to keep vacancies at all time lows while offering steady rent increases for years to come.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-28T00:26:01.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
www.gogabby.com/homes/123667733
Print Image

4774 W Point Loma Blvd. San Diego, CA 92107

  • Price: $3,750,000
  • Status: Active
  • On Site: 57 Days
  • ID#: 210032417
0
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
92107 - Ocean Beach
County:
San Diego
Area:
92107 - Ocean Beach
Property Description
Pleased to present a well-kept value-add 8-unit property for sale. 4774-4780 West Point Loma Boulevard is a luxury asset located in the highly sought-after Ocean Beach submarket. The property is well located directly at the entrance to Ocean Beach. Situated just over a half-mile from the Pacific Ocean, 4774-80 West Point Loma is within walking distance to all the eclectic neighborhood has to offer. Built in 1959, the property offers approximately 6,300 square feet of rentable square feet. Comprised of six, large two-bedroom one-bath units and two, one-bedroom one-bath units, the property provides select ocean views, and ample living space compared to standard apartments. The units enjoy updated plank flooring throughout, new white shaker cabinets, new stainless-steel appliances, granite countertops and all new bathrooms. Tenants enjoy incredible accessibility to the beach, dog beach, multiple parks, the Ocean Beach farmers market, and all the one-of-a-kind eateries the area has to offer while providing on-site laundry and off-street parking. There is a large underutilized storage room of 500-600/sf that could easily be converted into an ADU to increase cashflow. The complex offers investors the rare opportunity to be the owner of a stabilized asset in one of San Diegos most desirable rental markets. Increased demand within Ocean Beach and neighboring submarkets will continue to keep vacancies at all time lows while offering steady rent increases for years to come.
Exterior Features

Parking Total 0

Property Features

Association Fee 0 Gross Scheduled Income 222444 Listing Agreement Seller Reserved Operating Expense 72356 Property Sub Type Mixed Use



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-28T00:26:01.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367641188-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367641188-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367641188-1.jpg
Logo
Go Gabby | RE/MAX Estate Properties
1901 S Catalina Ave.
Redondo Beach CA, 90277
Listing Agent(s): Erik Anderson of Northmarq Multifamily (858-675-7865)