$2,199,000
$51K PRICE DROP

Estimated payment $13,451/month

Total Views 13,304
4 Beds
3 Baths
2,132 Sq Ft
$1,031 Price per Sq Ft

About This Home

Variance granted 2-4 Units - Stunning Dual-Unit Coastal Property with Panoramic Ocean Views! Experience the best of beachside living and exceptional investment potential with this unique property featuring two fully detached homes in the heart of Ocean Beach. Just blocks from the sand, restaurants, parks, and shops, this rare offering blends coastal charm with modern luxury and income-generating versatility.The front house, a charming 2-bedroom, 1-bath bungalow built in 1941, retains its original character while boasting breathtaking ocean views from its cozy hilltop perch. Enjoy open concept living, a gorgeous wood fireplace, and a versatile 100 sq. ft. bonus room ideal for a home office or creative space. This home is equipped with its own washer and dryer for added convenience. Currently licensed for short-term rental (STRO), this home has Airbnb income potential of over $82,000 annually, or $54,000 as a long-term rental. Behind it, the brand-new 2024-built ADU is a modern 2-bedroom, 2-bath retreat spanning 1,155 sq. ft. Designed to capture sweeping views from La Jolla to Mission Bay, the living area and primary bedroom open to a spacious deck through dramatic bi-fold doors—perfect for soaking in sunsets and Sea World fireworks. This detached home features high-end finishes, an oversized 2-car garage, and its own in-unit washer and dryer. Rental income for the ADU currently is $78,000 per year. Whether you're looking for a primary residence with a guest house, a vacation home with passive income, or a full investment property, this turnkey, view-rich compound offers endless possibilities.

Listing Agent

Nathan Winnett

eXp Realty of California Inc License #01320737 Listed on: 05/31/2025

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,674

Year Built

  • Built in 2024

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Property is Fully Fenced

Listing and Financial Details

  • Assessor Parcel Number 448-686-10-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $98,010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,674

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Guizot
  • Neighborhood: Ocean Beach
  • Supplement: Rental income for the ADU currently is $78,000 per year. Whether you're looking for a primary residence with a guest house, a vacation home with passive income, or a full investment property, this turnkey, view-rich compound offers endless possibilities.
  • LP / Sq Ft: 16.83
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 2024
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood/Stucco
  • Fencing: Full
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air

Condo/Co-op/Association

  • Community: SAN DIEGO
  • Manager Name: Win Property Management
  • Manager Phone: 619-459-8608

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 448-686-10-00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 98010
  • Annual Expense Actual: 33990
  • Annual Expense Projected: 36440
  • Gross Rent Multiplier Actual: 17.0
  • Gross Rent Multiplier Projected: 13.47
  • Gross Sched Income Actual: 132000
  • Gross Sched Income Projected: 167000
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,674 $1,273,449 $1,114,268 $159,181
2023 $15,329 $1,248,480 $1,092,420 $156,060
2022 $14,921 $1,224,000 $1,071,000 $153,000
2021 $9,677 $782,707 $677,515 $105,192
2020 $9,560 $774,682 $670,568 $104,114
2019 $9,390 $759,493 $657,420 $102,073
2018 $8,779 $744,602 $644,530 $100,072
2017 $80 $730,003 $631,893 $98,110
2016 $7,252 $615,000 $531,000 $84,000
2015 $7,253 $615,000 $531,000 $84,000
2014 $6,751 $570,000 $493,000 $77,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Price Changed $2,199,000 -2.3% $1,031 / Sq Ft
05/31/2025 05/31/25 For Sale $2,250,000 +87.5% $1,055 / Sq Ft
06/30/2021 06/30/21 Sold $1,200,000 +20.1% $1,228 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $999,000 -- $1,023 / Sq Ft
Source: San Diego MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Interfamily Deed Transfer -- Fidelity Natl Ttl San Diego
Grant Deed $1,200,000 Fidelity Natl Ttl San Diego
Grant Deed $585,000 Equity Title Company
Grant Deed $439,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $445,000 New Conventional
Previous Owner $900,000 Commercial
Previous Owner $600,000 Negative Amortization
Previous Owner $600,000 Unknown
Previous Owner $200,000 Credit Line Revolving
Previous Owner $455,000 Stand Alone First
Previous Owner $351,200 No Value Available
Source: Public Records

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Source: San Diego MLS

MLS Number: 250029138

San Diego MLS

APN: 448-686-10