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4845-53 Long Branch Ave

San Diego, CA 92107
  • $2,750,000
  • STATUS: ACTIVE
  • ON SITE: 52 Days
  • ID#: 240009492
$2,750,000
  • 7
    BEDS
  • 0.17
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Rare opportunity to purchase 5 prime units on a wide 7,500 SF lot in the heart of Ocean Beach! The desirable unit mix consists of Three 1-Bedroom Units (one detached house, two cottage style apartments) and Two 2-Bedroom Units (one detached house, one apartment built over the designated parking spaces). Held in the same family trust for over 80 years, the property exudes a pride of ownership that is rarely found with multi-family units at the beach. The property maintains consistently high historical occupancy rates due to its convenient OB location, just three blocks from the beach and close proximity to the shops and restaurants on Newport Ave. There is significant value-add opportunity for a new owner to do selective unit upgrades, as well as a possible development opportunity to add ADU’s where rear parking is located.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/150103230
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4845-53 Long Branch Ave San Diego, CA 92107

  • Price: $2,750,000
  • Status: ACTIVE
  • On Site: 52 Days
  • ID#: 240009492
7
Beds
5
Baths
0
½ Baths
0.17
Acres
Neighborhood:
Ocean Beach (92107)
County:
San Diego
Area:
Ocean Beach (92107)
Property Description
Rare opportunity to purchase 5 prime units on a wide 7,500 SF lot in the heart of Ocean Beach! The desirable unit mix consists of Three 1-Bedroom Units (one detached house, two cottage style apartments) and Two 2-Bedroom Units (one detached house, one apartment built over the designated parking spaces). Held in the same family trust for over 80 years, the property exudes a pride of ownership that is rarely found with multi-family units at the beach. The property maintains consistently high historical occupancy rates due to its convenient OB location, just three blocks from the beach and close proximity to the shops and restaurants on Newport Ave. There is significant value-add opportunity for a new owner to do selective unit upgrades, as well as a possible development opportunity to add ADU’s where rear parking is located.
Exterior Features

Parking Spaces Total 5 Units With Garages 0

Interior Features

Sq Ft Of Improvement 0 Unit Furnished1 No Unit Furnished2 No Unit Furnished3 No Unit Furnished4 No Unit Furnished5 No Units With Disposals 5 Units With Drapes 5 Units With Ranges 5 Units With Refrigerators 5

Property Features

Actual Gross Scheduled Income 98592.0 Actual Operating Expense 0 Assumable Finance 0 Buildings 4 Gross Equity 0 Gross Multiplier 27.89 Have 5 units Leased Apartments 4 Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 8216 Motive Want Sell Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Rent Total1 1210 Unit Rent Total2 0 Unit Rent Total3 1434 Unit Rent Total4 1884 Unit Rent Total5 1438 Unit Rent1 1210 Unit Rent2 0 Unit Rent3 1434 Unit Rent4 1884 Unit Rent5 1438

San Diego MLS logo Listing provided courtesy of Brendan Mckee of McKee Properties: 619-890-7682. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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