4911-4917 Del Mar Avenue, Ocean Beach (OB), CA 92107

$3,695,000
2
BD

Property Description

4911-4917 Del Mar Avenue is an eight unit apartment community located half a block from the ocean in the highly desirable neighborhood of south Ocean Beach. The property is comprised of eight large 775 SF two bed/ one bath units on a 7,008 SF lot. Select units feature new flooring, kitchens, granite countertops, new appliances, blinds, ceiling fans and fixtures. Current rents are strong at a 3.46% cap rate; in addition there is 14%+ upside in rental income. Amenities include a common area courtyard, on-site laundry and on-site parking. This offering is ideal for the astute investor looking to purchase a rare coastal asset in one of San Diego’s most gentrifying beach communities. Due to the property’s close proximity to the beach, the investor will benefit from both long-term appreciation and ability to maximize rental income.

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Calculator source: Real Geeks

Courtesy of Acre Investment Real Estate, Christopher J Sarver.

Last Updated: Source: Sandicor Regional MLS

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange(c) Program of SANDICOR Regional MLS. Real estate listings held by brokerage firms other than the listing office named includes the name of the listing brokers. Information is believed to be reliable, but not guaranteed.