Listing provided courtesy of Joseph Burrough of Palma Commercial. Last updated 2022-10-02 09:13:42.000000. Listing information © 2022 Sandicor.

Asking Price: $1,785,000

4902-06 W Point Loma Blvd., San Diego CA 92107

Community: ​Ocean Beach

This Res Income 2-4 Units property was built in 1939 and is priced at $1,785,000. Please see the additional details below.
  • 60,097 Sq Ft
  • bathrooms
  • 0 bedrooms
  • MLS#: 220020769
  • Type: Res Income 2-4 Units
  • Year Built: 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.

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