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HomeSmart Realty West /DRE# 00849504
4826 Santa Cruz Ave, Ocean Beach (OB), CA 92107
- $3,800,000
- List Price
- $3,800,000
- Status
- ACTIVE
- MLS#
- 260024708SD
- Days on Market
- 0
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
4826-4832 Santa Cruz Ave offers a rare opportunity to acquire a nine-unit multifamily property in the heart of San Diego's desirable Ocean Beach neighborhood. Just two blocks from the beach, the property provides easy access to the ocean, entertainment, eateries, grocery stores, and all the amenities of the famous Newport Ave thoroughfare. The desirable unit mix includes (7) two-bedroom units, (1) one-bedroom unit, (1) studio and (4) garages with ADU potential. Select units have been upgraded with new cabinets, vinyl flooring and stainless-steel appliances. Additionally, the property provides attractive income at in-place rental rates, with value-add and rent increase potential for a new owner. Its premiere beach location makes this an excellent investment opportunity in a highly sought-after rental market.
Additional Information
- Cooling
- Yes
- Attached Structure
- Detached
- Number Of Units Total
- 9
- Gross Scheduled Income
- $294,444
- Operating Expense
- 96260
Listing courtesy of Listing Agent: Ray Adams (raire.inc@gmail.com) from Listing Office: Ray Adams Investment Real Estate Inc.
Mortgage Calculator
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.