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listing
1 of 37
MultifamilyFor Sale
$6,900,000
4930 W Point Loma Blvd
San Diego, CA 92107
Listing Provided Courtesy of TXR Homes
MLS: San Diego Association of REALTORS (SDAR)
Est. Mortgage
$35,717/mo

LOCATION! LOCATION! LOCATION! A rare opportunity for an investor/developer to own a 7 Unit complex income property in the prime location of Ocean Beach/ Point Loma. Oceanview, Minutes to the Ocean Beach, this property is exactly what you were looking for. With its current condition, the building is brining $30,000 a month income with a cap rate of 3.5%. With some TLC and renovations, the income potential is a lot higher. This complex is perfect for short-term rentals and AirBNB which can make the cap rate potential as high as 7%. No HOA, No Mello-Roos. 2 Story Townhouse with 6 units being 3 bedroom 2.5 bath with extra bonus room (potential 4 bed) and the 1 units as 3 bedroom 2.5 bath. There are 17 parking spaces in the garage area under the building and plenty of street parking. Units have Hardwood Flooring, very spacious, master bedroom with en-suite bathrooms. All units are fully rented on a month to month basis with tenants who love to be there with zero or low vacancy rate. All units have their own laundry inside. This is a great fixer-upper for the right developer/investor who is interested in doing cosmetic repairs and put some love into the units and make them perfect, or just buy and keep the tenants. Prime Location in Ocean Beach, and Point Loma Blvd, close to 100s of shops and restaurants, right next to Sunset Cliffs Blvd, Ocean Beach Volleyball Courts, this place is the prime tourist location. OB Noodle House & Sake Bar, the popular place in town is on the other side of the street. Ocean breeze and Oceanview from 2nd floors.

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Listing Courtesy of TXR Homes. San Diego Multiple Listing Service, Inc. “SDMLS” Last Updated: 09/24/2021 11:50 PM
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