4902-06 Point Loma Blvd., Ocean Beach (OB), CA 92107

$1,785,000
60,097
SqFt
List Price
$1,785,000
Price Change
▲ $60,000 1662179687
Days on Market
36
Status
PENDING
MLS#
220020769
Living Sq. Ft
60,097
Lot Size(Range)
7,500-10,889 SF
Lot Size(apprx.)
8,341
City
Ocean Beach (OB)
Neighborhood
Ocean Beach
Complex/Building Name
4902-06 W. Point Loma Blvd.
Property Type
Multifamily
Year Built
1939

Property Description

Well located and tastefully updated, ±3 blocks from the beach in OB, with direct gated access to Robb Field Athletic Fields/Courts, and park/bay/ocean view exposure, 4902-06 W. Point Loma Blvd. 92107 (“Property”) is a three unit multifamily investment property on a ±8,341 SF lot, zoned RM-2-4. The Property currently is a ‘two-on-one’, with two side-by-side 1br/1ba units at the front single-story duplex, now operated as furnished short term rentals and constantly booked, each with hardwood floors, wall heat, ceiling fan/light fixtures, and good natural light. Behind the duplex building is a standalone 1br/1ba second-story cottage above 2 garages + a storage room (previously a 3rd garage). This unit is operated as a long-term rental, and boasts a large 2nd story balcony overlooking the park, with peek bay/ocean views. There are three separate areas with multiple surface parking spaces at the Property, namely: at front (2); middle (2); and rear of the lot (3-5), for around 7+ total surface off-street parking spaces, in addition to the garages. Great income producer, with significant development potential and upside! Extremely rare opportunity this close to renowned San Diego beaches and parks. Garage to ADU conversion potential, or better yet, eventual new ground up construction. Per SD Muni. Code, Zoning allows for 1DU/1,750 SF by right, and a 0.7 FAR (suggesting ±5,838 SF of developable RBA by right), and max height of 3-stories/30 feet, with excellent view exposure, especially if built up with max. RBA. Buyer to verify development potential.

Additional Information

Building Name
4902-06 W. Point Loma Blvd.
Living Area
60,097
Lot Size
8,341
Lot Size Range
7,500-10,889 SF
Neighborhood
Ocean Beach
Stories
2 Story
Style
Res Income 2-4 Units
Year Built
1939
Supplemental
Units have been modernized and have hardwood floors, ceiling fan light fixtures, individual water heaters, front and rear door access, all with great natural light. Units are separately metered for gas and electricity.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Joseph A Burrough (858-822-9222) from Listing Office: Palma Commercial.

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