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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