Seller's Agent in 2023
Joseph Burrough
Palma Commercial
(858) 352-6742
7 in this area
15 Total Sales
4902-6 W Point Loma Blvd San Diego, CA 92107
Ocean Beach Neighborhood
3
Beds
3
Baths
1,650
Sq Ft
1939
Built
Highlights
- Ocean View
- 8,341 Sq Ft lot
- Gentle Sloping Lot
- Ocean Beach Elementary School Rated A
- Partially Fenced Property
- West of 5 Freeway
About This Home
As of January 2023Well 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. 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.
Property Details
Home Type
- Multi-Family
Year Built
- 1939
Lot Details
- 8,341 Sq Ft Lot
- Partially Fenced Property
- Gentle Sloping Lot
Property Views
- Ocean
- Bay
- Park or Greenbelt
Home Design
- Composition Roof
- Stucco Exterior
Utilities
- Gravity Heating System
- Heating System Uses Natural Gas
- Separate Water Meter
- Gas Water Heater
Additional Features
- 2-Story Property
- West of 5 Freeway
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 448-230-22-00
Community Details
Overview
- 2 Buildings
- 3 Units
- 4902 06 W. Point Loma Blvd. Community
Building Details
- Net Operating Income $41,057
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/03/2023 01/03/23 | Sold | $1,700,000 | -4.8% | $1,030 / Sq Ft |
| 09/15/2022 09/15/22 | Pending | -- | -- | -- |
| 09/02/2022 09/02/22 | Price Changed | $1,785,000 | +3.5% | $1,082 / Sq Ft |
| 09/02/2022 09/02/22 | Price Changed | $1,725,000 | -3.4% | $1,045 / Sq Ft |
| 08/10/2022 08/10/22 | For Sale | $1,785,000 | -- | $1,082 / Sq Ft |
Source: San Diego MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Joseph Burrough
Map
Source: San Diego MLS
MLS Number: 220020769
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