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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 2,295,000

Est. payment -/mo

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Price Dropped by $155K

4845 Long Branch Ave San Diego, CA 92107

7,501 Sqft Lot

UPDATED:

10/03/2024 05:50 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 240009492SD

HOA Y/N No

Lot Size 7,501 Sqft

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.

Location

State CA

County San Diego

Area 92107 - Ocean Beach

Interior

Fireplace No

Exterior

Total Parking Spaces 5

Others

Tax ID 4483212200

Listed by Brendan McKee • McKee Properties

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

4845 Long Branch Ave San Diego, CA 92107

Key Details

Location

Interior

Exterior

Others

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4845 Long Branch Ave