Sold

4902-06 W Point Loma Blvd.

Ocean Beach CA, 92107

$1,700,000


$1,030.30 per sqft

Sold

3 Beds

3 Baths

1,650 sqft

Multi-family

Built in 1939

Well located and tastefully updated, +-3 blocks from the beach in OB, with direct gated access to Robb Field Athletic Fields/Courts, and park/bay/ocean view exposure, 4902-06 W. Point Loma Blvd. 92107 ("Property") is a three unit multifamily investment property on a +-8,341 SF lot, zoned RM-2-4. The Property currently is a 'two-on-one', with two side-by-side 1br/1ba units at the front single-story duplex, now operated as furnished short term rentals and constantly booked, each with hardwood floors, wall heat, ceiling fan/light fixtures, and good natural light. Behind the duplex building is a standalone 1br/1ba second-story cottage above 2 garages + a storage room (previously a 3rd garage). This unit is operated as a long-term rental, and boasts a large 2nd story balcony overlooking the park, with peek bay/ocean views. There are three separate areas with multiple surface parking spaces at the Property, namely: at front (2); middle (2); and rear of the lot (3-5), for around 7+ total surface off-street parking spaces, in addition to the garages. Great income producer, with significant development potential and upside! Extremely rare opportunity this close to renowned San Diego beaches and parks. Garage to ADU conversion potential, or better yet, eventual new ground up construction. Per SD Muni. Code, Zoning allows for 1DU/1,750 SF by right, and a 0.7 FAR (suggesting +-5,838 SF of developable RBA by right), and max height of 3-stories/30 feet, with excellent view exposure, especially if built up with max. RBA. Buyer to verify development potential.

220020769

MLS ID

August 10, 2022

Listed

February 15, 2024

Updated

Map

4902-06 W Point Loma Blvd.
Ocean Beach CA, 92107

Interior Features

Total Stories

2


Bedrooms

3 Beds


Bathrooms

3 Baths


Appliances

Gas Water Heater, Range/Oven, Refrigerator


Laundry Description

Unit 3 Hookups


Fireplace

No


Cooling

Yes


Cooling Description

Other/Remarks


Heating

Yes


Heating Description

Natural Gas, Wall/Gravity

Exterior/Building Features

Lot Features

West of I-5, Other/Remarks


Roof

Composition

Other Property Details

Area Name

Coastal South


Days on Market

36


Garage

Yes


Parking

Garage, Garage(Attached), Non-Garage(Uncovered)


View

Yes


View Description

Parklike


County

San Diego


Water Source

Meter on Property


Pool

No


Pool Features

None


Buyer Agency Compensation

2%

Listed by Palma Commercial, Joseph A Burrough,
Listing Contact: 858-822-9222 

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