Listed by Strategic Real Estate Group, Inc., Travis Jaedtke, Listing Contact: 619-500-9956

7 Beds

5 Baths

7,280 sqft

$4,500,000

4986 Santa Monica Ave, San Diego CA, 92107

Price per sqft$618.13

Property size7,280 sqft

Property typeMulti-family

Overview

Sold

Listed Jul 30, 2024

Updated Mar 7

This property presents a compelling investment opportunity for investors interested in acquiring a well-maintained legacy asset, with under market rents, to increased value through selective unit upgrades. Investing in this property (potential for a 5 CAP one block from beach and one block from Newport) offers the chance to own a valuable asset in a market with limited supply, poised for long-term appreciation. This ten (10) unit apartment complex is perfectly located just one block away from the beach and one block away from retail/dining along Ocean Beach's “Main Street” Newport Ave. This desirable unit mix of spacious one-bedroom and two-bedroom units consists of Six (6) one-bedroom/one-bathroom unit, Two (2) two-bedroom/one-bathroom units, One (1) two-bedroom/one and half bathroom unit and One (1) two-bedroom/two-bathroom unit. Each unit is separately metered and there are ten (10) surface off-street parking spaces as well as a private courtyard for residents accessible through secure gated entry, and an owner owned laundry room on-site.

Additional information

MLS^® ID: 240017730

Interior Features

Bedrooms: 7
Bathrooms: 5
Basement: No

Exterior Features

Lot Size: 0 Acres

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Data last updated 2:16 PM UTC, 3/7/2026

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