$2,740,000
SOLD SEP 27, 2019
9 Beds
5 Baths
4,538 Sq Ft
10,457 Sq Ft Lot

Recently Sold

$604 Per Sq Ft

5% Below List Price

40 Days on Market

Highlights

  • Ocean View
  • 0.24 Acre Lot
  • Level Lot
  • Ocean Beach Elementary School Rated A
  • Partially Fenced Property

About This Home

As of September 2019

Marquis 4-unit investment property on 10,457 SF lot just 1.5 blocks from the ocean! High demand rental market w/ units that live like single family homes featuring private garages, in-unit washer/dryer, outdoor yard/patio spaces and 3 units w/ ocean views. Meticulously maintained, newer appliances, dual pane windows, and hardwood floors. Plenty of upside in long term rental rates, impressive short-term rental returns, and lot split development option affords investors a multitude of opportunity. See suppl This 4-plex presents a very unique opportunity for the savvy real estate investor because of it’s excellent premier location, massive lot size, great unit mix, and the diversity of options to generate a solid return on investment. Increase the rents to market value with long term leases, convert to a short-term rental model and more than double your return, or do a combination of both with the option of redeveloping the property with some minor lot line adjustments and constructing 3 new luxury single family homes in the future. The property has been maintained extremely well, with the upgrades that matter to tenants including full appliance packages in each unit w/ refrigerator, range/oven, dishwashers and in-unit full size washers and dryers, plenty of storage, private garages, exclusive use outdoor yards and patio spaces, and 3 of the units even have panoramic ocean views. And of course the upgrades that matter to an owner like newer roofs on 2 of the units and the garages, updated electrical panels, various plumbing upgrading, and well maintained exteriors which cuts down on maintenance expenses and allows for income growth. Location is everything in real estate and this location is prime. Staying true to its unique laid-back vibe while adding hip new restaurants, coffee shops, community events, cultural activities, farmers markets, organic groceries, antique shops, beachwear, and surf boutiques, Ocean Beach is a vibrant, bohemian neighborhood that offers a classic SoCal beach lifestyle that literally has something for everyone.

Last Agent to Sell the Property

Darin Triolo

Keller Williams Realty License #01376927 Listed on: 06/28/2019

Keller Williams Realty

Last Buyer's Agent

Randy Rivera

Capital Real Estate Ventures, Inc. License #01185256

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 10,457 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot
  • Sprinklers on Timer

Property Views

  • Ocean
  • Panoramic

Home Design

  • Composition Roof
  • Clay Roof
  • Stucco Exterior

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 448-362-13-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • 1558 1564 Ebers St Community

Pet Policy

  • Breed Restrictions

Building Details

  • Net Operating Income $89,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Orchard Ave.
  • Neighborhood: Ocean Beach
  • Supplement: This 4-plex presents a very unique opportunity for the savvy real estate investor because of it’s excellent premier location, massive lot size, great unit mix, and the diversity of options to generate a solid return on investment. Increase the rents to market value with long term leases, convert to a short-term rental model and more than double your return, or do a combination of both with the option of redeveloping the property with some minor lot line adjustments and constructing 3 new luxury single family homes in the future. The property has been maintained extremely well, with the upgrades that matter to tenants including full appliance packages in each unit w/ refrigerator, range/oven, dishwashers and in-unit full size washers and dryers, plenty of storage, private garages, exclusive use outdoor yards and patio spaces, and 3 of the units even have panoramic ocean views. And of course the upgrades that matter to an owner like newer roofs on 2 of the units and the garages, updated electrical panels, various plumbing upgrading, and well maintained exteriors which cuts down on maintenance expenses and allows for income growth. Location is everything in real estate and this location is prime. Staying true to its unique laid-back vibe while adding hip new restaurants, coffee shops, community events, cultural activities, farmers markets, organic groceries, antique shops, beachwear, and surf boutiques, Ocean Beach is a vibrant, bohemian neighborhood that offers a classic SoCal beach lifestyle that literally has something for everyone.
  • LP / Sq Ft: 27.52
  • Sale Price List Price: 0.95
  • Year Built: 1950
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition, Tile/Clay
  • View: Ocean, Panoramic, Panoramic Ocean

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: 1558-1564 Ebers St
  • Pets Allowed: Allowed w/Restrictions
  • Community: OCEAN BEACH

Lot Info

  • Irrigation: Automatic
  • Lot Size: 7,500-10,889 SF
  • Topography: Level
  • Assessor Parcel Number: 448-362-13-00
  • Estimated Lot Sq Ft: 10457
  • Estimated Number of Acres: 0.24
  • Map Code Column: J
  • Map Code Page: 1267
  • Map Code Row: 7

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 89000
  • Annual Expense Actual: 54400
  • Annual Expense Projected: 54400
  • Gross Rent Multiplier Actual: 20.2
  • Gross Rent Multiplier Projected: 18.1
  • Gross Sched Income Actual: 143400
  • Gross Sched Income Projected: 159600
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 4
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 For Sale $3,900,000 +42.3% $859 / Sq Ft
09/27/2019 09/27/19 Sold $2,740,000 -5.4% $604 / Sq Ft
09/06/2019 09/06/19 For Sale $2,895,000 0.0% $638 / Sq Ft
08/08/2019 08/08/19 Pending -- -- --
06/28/2019 06/28/19 For Sale $2,895,000 -- $638 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 190035602

San Diego MLS

APN: 448-362-13-00