$3,150,000
$150K PRICE DROP

Estimated payment $18,746/month

Total Views 16,747
9 Beds
6 Baths
3,000 Sq Ft
$1,050 Price per Sq Ft

Highlights

  • Property is Fully Fenced
  • Level Lot
  • West of 5 Freeway
  • Ocean Beach Elementary School Rated A

About This Home

RARE OPPORTUNITY – 4 NEWLY CONSTRUCTED UNITS just 2 Blocks from the Ocean Beach Shoreline! Prime coastal investment in one of San Diego’s most desirable beach communities with a long history of high appreciation!! This is a turnkey, high-yield property. Ideal for savvy investors or owner-occupants looking to grow their wealth while living the dream - just steps away from the sand, surf, dining, and night life, and financed with income generated from the other 3 units. These four beautifully built, contemporary units, offer the ultimate blend of luxury, convenience, and location. All units feature washer & dryer, central heat & air, and stainless-steel appliances. 5 Designated parking spaces – a premium in this beachside community! High-demand rental area with consistent occupancy and excellent long and short-term rental potential. Current income is from long term tenants, but great additional income is possible with short term rentals. This property offers tremendous versatility - long- or short-term rentals, multi-generational living, house hacking (live in one, rent out the others), with low-maintenance design and top-tier rental appeal.. Ideal property for your 1031 exchange, and seller will consider a single-family fixer, or property with ADU potential in trade. Don’t miss your chance to own a high-performing modern coastal asset!

Listing Agent

Nathan Winnett

eXp Realty of California Inc License #01320737 Listed on: 04/11/2025

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,371

Year Built

  • Built in 2023

Lot Details

  • Property is Fully Fenced
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • West of 5 Freeway

Listing and Financial Details

  • Assessor Parcel Number 448-222-13-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Muir Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $137,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,371

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Cable
  • Neighborhood: Ocean Beach
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 2023
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 2
  • Prkng Non Garage Spac U4: 1
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: Muir
  • Pets Allowed: Yes
  • Community: OCEAN BEACH
  • Manager Name: Jennifer Winnett
  • Manager Phone: 619-459-8608

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: West of I-5
  • Topography: Level
  • Zoning: R-4
  • Assessor Parcel Number: 448-222-13-00

Rental Info

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

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 137250
  • Annual Expense Actual: 48770
  • Annual Expense Projected: 48750
  • Gross Rent Multiplier Actual: 17.47
  • Gross Rent Multiplier Projected: 13.62
  • Gross Sched Income Actual: 186000
  • Gross Sched Income Projected: 238800
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 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

Map

Range of Values:

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Sold Price
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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 $14,371 $1,167,328 $1,102,824 $64,504
2023 $14,054 $48,486 $46,122 $2,364
2022 $623 $48,486 $46,122 $2,364
2021 $619 $47,536 $45,218 $2,318
2020 $611 $47,050 $44,755 $2,295
2019 $601 $46,128 $43,878 $2,250
2018 $564 $45,224 $43,018 $2,206
2017 $550 $44,338 $42,175 $2,163
2016 $540 $43,470 $41,349 $2,121
2015 $532 $42,818 $40,728 $2,090
2014 $525 $41,981 $39,931 $2,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2025 06/21/25 Price Changed $3,150,000 -1.5% $1,050 / Sq Ft
05/27/2025 05/27/25 Price Changed $3,199,000 -1.6% $1,066 / Sq Ft
05/05/2025 05/05/25 Price Changed $3,250,000 -1.5% $1,083 / Sq Ft
04/11/2025 04/11/25 For Sale $3,300,000 0.0% $1,100 / Sq Ft
10/29/2024 10/29/24 Off Market $6,000 -- --
10/08/2024 10/08/24 Off Market $6,000 -- --
09/26/2024 09/26/24 For Rent $6,000 0.0% --
09/15/2024 09/15/24 For Rent $6,000 0.0% --
06/03/2022 06/03/22 Sold $1,200,000 +20.0% $2,182 / Sq Ft
04/28/2022 04/28/22 Pending -- -- --
04/27/2022 04/27/22 For Sale $1,000,000 -- $1,818 / Sq Ft
Source: San Diego MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Grant Deed -- Equity Title
Grant Deed -- None Listed On Document
Quit Claim Deed -- Equity Title
Grant Deed $1,122,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Equity Title Sd
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,500,000 New Conventional
Previous Owner $1,050,000 New Conventional
Previous Owner $897,600 New Conventional
Previous Owner $0 No Value Available
Source: Public Records

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Source: San Diego MLS

MLS Number: 250024221

San Diego MLS

APN: 448-222-13