See all 20 photos
20 photos
$1,333,500
Est. payment /mo
3,497 Sqft Lot
UPDATED:
Key Details
Sold Price $1,333,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Ocean Beach
MLS Listing ID 250020531SD
Year Built 1950
Lot Size 3,497 Sqft
Property Description
Rare Ocean Beach Duplex – First time on market in 45 years! This prime multi-unit property offers incredible investment potential in one of San Diego's most desirable coastal communities. Two separate homes on one lot. The front house is 2-bed/1-bath, recently vacated and ready for an owner-occupant or new tenant. The back house is also 2-bed/1-bath, providing additional possibilities for future use. Multi-unit residential zoning offers flexibility for potential expansion or upgrades. Situated just three blocks from the beach, this location is unbeatable. Enjoy the laid-back coastal lifestyle. Ocean Beach is a high-demand rental market, making this an ideal investment for long-term appreciation. Opportunities like this don't come around often! A rare chance to own a multi-unit property in one of San Diego's most desirable coastal communities! Whether you're an investor looking to maximize rental income, a homeowner wanting to live in one unit while holding the other for future use, or a developer exploring new possibilities, this property offers endless potential. Located just three blocks from the beach, this two-home property consists of a 2-bedroom, 1-bath front house that was recently vacated, offering immediate flexibility for an owner-occupant or a new tenant. The back house is also a 2-bedroom, 1-bath, providing additional possibilities for future use. With multi-unit residential zoning, there may be opportunities to enhance or expand the property (buyer to verify with the city). Ocean Beach (OB) is one of San Diego's most vibrant and sought-after beach communities, offering a laid-back lifestyle, strong rental demand, and unbeatable location. Residents love the walkability to Newport Avenue's eclectic mix of restaurants, cafés, and local boutiques, the famous OB Pier, and the city's best weekly farmers' market. Outdoor enthusiasts can enjoy surfing, biking, and endless coastal trails, while investors recognize OB as an appreciating real estate market with consistent demand. With limited coastal inventory and a high-demand rental market, this property presents a fantastic opportunity for a long-term hold, value-add upgrades, or future redevelopment. Opportunities like this don't come up often in one of San Diego's most iconic beachside neighborhoods.
Location
State CA
County San Diego
Area 92107 - Ocean Beach
Interior
Heating Natural Gas, None, See Remarks
Cooling None
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Carol Stanford • eXp Realty of California, Inc
Bought with Joe Ghio • Coldwell Banker West
Bought with Joe Ghio • Coldwell Banker West