$899,000

Estimated payment $5,614/month

Total Views 120
7 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 1-Story Property
  • Laundry Facilities
  • Gated Home

About This Home

Exceptional opportunity to own a well-positioned four-unit property in San Diego's Mountain View neighborhood, a thriving central area with rising rents and ongoing revitalization. Located just minutes from Downtown, Coronado, major freeways, and public transit, this location is highly accessible and attractive to San Diego's growing workforce. The property features two buildings on one lot. The front building is a single-story duplex with a 3 bedroom/1 bathroom unit and a 2 bedroom/1 bathroom unit. The back building is two stories with a 1 bedroom/1 bathroom unit on each floor. Combined, they provide approximately 2,600 square feet of living space on a 6,326 square foot lot, plus six parking spaces, shared coin laundry for residents, and recent exterior upgrades including fresh paint that makes for great curb appeal. Brand new water heater recently installed. All four tenants are month-to-month, giving you flexibility to adjust rents or make changes as you see fit. The current rents are below what the market can support, and with some interior updates, there's real potential to boost income significantly. You could see over 60% growth in rental income, making this a solid value-add play in an area where properties like this are hard to find. This is a turnkey investment with reliable income, room to grow, and a central San Diego location near everything. Perfect for seasoned investors or owner-users looking for long-term appreciation and strong cash flow.

Listing Agent

Nick Rogers

Coldwell Banker Realty License #02068825 Listed on: 12/05/2025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • Gated Home
  • Partially Fenced Property

Home Design

  • Rolled or Hot Mop Roof
  • Composition Roof

Interior Spaces

  • 7 Bedrooms
  • 1-Story Property

Utilities

  • Heating System Uses Natural Gas

Community Details

Overview

  • Association fees include n/k
  • 2 Buildings
  • 4 Units
  • Mountain View Community
  • Mountain View Subdivision

Additional Features

  • Laundry Facilities
  • Operating Expense $15,937

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1944
  • Unit Levels: 1 Story
  • Property Sub Type: Res Income 2-4 Units
  • Community Features: Laundry Facilities
  • Security Features: N/K
  • CapRate: 5.6
  • Association Fee Inclusions: N/K
  • Co List Office Mls Id: 61859
  • Subdivision Name: Mountain View (200)
  • BuildingName: Mountain View
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-12-05T23:48:45Z
  • AgeRestrictions: N/K
  • FullAddress: 3540-44 Ocean View Blvd
  • ShortSale: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Bedrooms: 7

Exterior Features

  • Fencing: Gate, Partial
  • Roof: Composition, Rolled/Hot Mop
  • Construction Type: Wood/Stucco

Utilities

  • Cooling: N/K
  • Heating: Other/Remarks
  • HeatSource: Natural Gas

Rental Info

  • Tenant Pays: Other/Remarks

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 4
  • Annual Operating Expense: 15937.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
12/05/2025 12/05/25 For Sale $899,000 -- --
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250045264

San Diego MLS