Listing provided courtesy of Brendan McKee of McKee Properties. Last updated 2024-05-08 09:21:14.000000. Listing information © 2024 Sandicor.
Asking Price: $2,750,000
4845-53 Long Branch Ave, San Diego CA 92107
Community: Coastal South
This Com-Res Income property was built in and is priced at $2,750,000. Please see the additional details below.
Rare opportunity to purchase 5 prime units on a wide 7,500 SF lot in the heart of Ocean Beach! The desirable unit mix consists of Three 1-Bedroom Units (one detached house, two cottage style apartments) and Two 2-Bedroom Units (one detached house, one apartment built over the designated parking spaces). Held in the same family trust for over 80 years, the property exudes a pride of ownership that is rarely found with multi-family units at the beach. The property maintains consistently high historical occupancy rates due to its convenient OB location, just three blocks from the beach and close proximity to the shops and restaurants on Newport Ave. There is significant value-add opportunity for a new owner to do selective unit upgrades, as well as a possible development opportunity to add ADU’s where rear parking is located.
