16
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$1,995,000
Est. payment /mo
7,500 Sqft Lot
Pending
4845-53 Long Branch Ave San Diego, CA 92107
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Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 250001401
Lot Size 7,500 Sqft
Property Description
Excellent offering 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). Two of the units are currently vacant and ready for the new owner to rent, rehab, or convert to short-term rentals. 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.
Location
State CA
County San Diego
Area Ocean Beach (92107)
Exterior
Total Parking Spaces 5
Building
Story 2
Others
Space Rent $18
Virtual Tour https://www.propertypanorama.com/instaview/snd/250001401
Listed by Brendan McKee • McKee Properties