4961 Coronado Ave, Ocean Beach (OB), CA 92107
- $2,800,000
- Sold Price
- $2,800,000
- List Price
- $2,895,000
- Closing Date
- Nov 19, 2025
- Status
- CLOSED
- MLS#
- 250035386SD
- Lot Size
- 7,000
- Acres
- 0.16
- Days on Market
- 6
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
8 UNITS OCEAN BEACH Rare Ocean Beach Investment Opportunity - Steps from the Cliffs An extraordinary investment opportunity in one of San Diego’s most coveted coastal neighborhoods. This exceptional South Ocean Beach property sits mere steps from the cliffs, offering investors an unparalleled combination of prime location, recent upgrades, and exceptional value. Property Highlights - Single Level Property ( No SB721 Requirement) - Parking, Parking, Parking !!! - Updated Electrical, (lower insurance premiums) - Incredibly low Cost to Operate Recent Capital Improvements - New Roof - Upgraded Electrical - Newer Windows Exceptional Land Value - 7,000 square-foot lot - End Cap Alley Access-rare find in coastal San Diego - Lot orientation allows for end cap access (ideal for tuck under parking) - More than one parking space per unit - a premium amenity in Ocean Beach - Significant development potential and long-term appreciation opportunity Unbeatable Cashflow Fundamentals: $361,875.00 per door 5+CAP with one rent increase - Turnkey units ready for immediate rental income - High-demand coastal location ensures strong rental market - Minimal capital expenditure required due to recent improvements
Additional Information
- Heat
- Wall Furnace
- Exterior Construction
- Drywall, Frame, Stucco
- Roof
- Composition
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $205,920
- Operating Expense
- 63585
Listing courtesy of Listing Agent: Kevin Hemstreet (Hemstreet@scc1031.com) from Listing Office: South Coast Commercial, Inc..
Listing sold by Matt May from Keller Williams La Jolla
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.