$2,450,000
SOLD MAR 7, 2025

5012 Del Monte Ave San Diego, CA 92107

Ocean Beach Neighborhood
3 Beds
4 Baths
-- Sq Ft
5,227 Sq Ft Lot

Recently Sold

4% Below List Price

21 Days on Market

Highlights

  • Park or Greenbelt View
  • Community Barbecue Grill
  • Partially Fenced Property
  • Ocean Beach Elementary School Rated A
  • Laundry Facilities
  • Level Lot

About This Home

As of March 2025

FABULOUS FOURPLEX FOR THE LUCKY INVESTOR READY TO BE MADE INTO SHORT TERM RENTALS. OR LIVE IN ONE AND RENT OUT THE OTHERS. THREE OF THE FOUR UNITS RECENTLY HAVE NEW FLOORS, NEW APPLIANCES, NEW PAINT AND MORE. FOUR CAR PARKING ON TWO TANDEM SPOTS. NEAR OCEAN JUST STEPS AWAY AND CLOSE TO NEWPORT, THE RESTAURANTS AND THE OB LIFESTYLE!

Last Agent to Sell the Property

Barbara Ostroff

eXp Realty of California Inc License #01473936 Listed on: 01/19/2025

eXp Realty of California Inc

Last Buyer's Agent

Anna Marie Barnard

Sand and Sea Realty, Inc. License #01087778

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Park or Greenbelt Views

Eco-Friendly Details

  • Sprinklers on Timer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 448-070-16-00

Community Details

Overview

  • Association fees include trash pickup, water
  • 3 Buildings
  • 4 Units
  • N/K Community

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Pet Policy

  • Pet Restriction

Building Details

  • Net Operating Income $112,650

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Bacon St
  • Neighborhood: Ocean Beach
  • LP / Sq Ft: 12.72
  • Stories: 1 Story
  • Sale Price List Price: 0.96
  • Total Stories: 1
  • Year Built: 1951
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition
  • View: Parklike

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: N/K
  • Pets Allowed: Allowed w/Restrictions
  • Community: OCEAN BEACH
  • Complex Features: BBQ, Laundry Facilities
  • Home Owner Association Fee Includes: Trash Pickup, Water
  • Manager Name: Owner

Lot Info

  • Irrigation: Automatic, Drip
  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks
  • Topography: Level
  • Assessor Parcel Number: 448-070-16-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 112650
  • Annual Expense Actual: 23750
  • Annual Expense Projected: 90000
  • Gross Rent Multiplier Actual: 18.9
  • Gross Rent Multiplier Projected: 8.0
  • Gross Sched Income Actual: 134280
  • Gross Sched Income Projected: 290520
  • Number Of Buildings: 3
  • Number Of Units With Cooling: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 750
  • Other Income Projected: 1000.0

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

Property History

Date Event Price Change Sq Ft Price
03/07/2025 03/07/25 Sold $2,450,000 -3.9% --
02/10/2025 02/10/25 Pending -- -- --
01/19/2025 01/19/25 For Sale $2,550,000 0.0% --
08/18/2018 08/18/18 Rented $2,895 0.0% --
08/14/2018 08/14/18 Price Changed $2,895 -3.3% $4 / Sq Ft
08/11/2018 08/11/18 Price Changed $2,995 +99.7% $4 / Sq Ft
08/08/2018 08/08/18 Price Changed $1,500 -53.8% $2 / Sq Ft
07/16/2018 07/16/18 For Rent $3,250 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Barbara Ostroff

    Seller's Agent in 2025

    Barbara Ostroff

    eXp Realty of California Inc

    (858) 761-8359

    1 in this area

    27 Total Sales

    Barbara Ostroff
    Section Image

  • A

    Buyer's Agent in 2025

    Anna Marie Barnard

    Sand and Sea Realty, Inc.

See All Agents

Map

Source: San Diego MLS

MLS Number: 250016772

San Diego MLS

APN: 448-070-16-00

California San Diego County San Diego 92107 Ocean Beach

5012 Del Monte Ave, San Diego, CA

This home is located at 5012 Del Monte Ave, San Diego, CA 92107 and is currently priced at $2,450,000. This property was built in 1951. 5012 Del Monte Ave is a home located in San Diego County with nearby schools including Ocean Beach Elementary School, Richard Henry Dana Middle School, and Correia Middle School.

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