Listing Agent: Nathan Winnett      Broker/Office: eXp Realty of California, Inc.
4922 Muir Ave San Diego CA 92107
$ 3,199,000
  9   |    6   |    3000 Sq Feet

Listing ID

#250026167SD

Status

Active

Property Type

Single Family Residence

County

San Diego

Neighborhood

Ocean Beach

Year Built

2024

Days on website

59

Description
Variance Granted. RARE OPPORTUNITY – 4 NEWLY CONSTRUCTED UNITS just 2 Blocks from the Ocean Beach Shoreline! Prime coastal investment in one of San Diego’s most desirable beach communities with a long history of high appreciation!! This is a turnkey, high-yield property. Ideal for savvy investors or owner-occupants looking to grow their wealth while living the dream - just steps away from the sand, surf, dining, and nightlife, and financed with income generated from the other 3 units. These four beautifully built, contemporary units, offer the ultimate blend of luxury, convenience, and location. All units feature washer & dryer, central heat & air, and stainless-steel appliances. 5 Designated Parking spots ! – a premium in this beachside community! High-demand rental area with consistent occupancy and excellent long and short-term rental potential. The "actual scheduled income" is all from long term rentals, but the "projected scheduled income" utilizes one of the units as a short-term rental as allowed. This property offers tremendous versatility - long- or short-term rentals, multi-generational living, house hacking (live in one, rent out the others), with low-maintenance design and top-tier rental appeal.. Ideal property for your 1031 exchange, and the seller will consider a single-family fixer, or property with ADU potential in trade. Units and current rents: 3bd, 2 ba - $5100/mo; 3bd, 2ba - 5000/mo; 2bd, 1ba - $3200/mo; and 1bd, 1ba - $2800 /mo. Total monthly rent = $15,550! Don’t miss your chance to own this high-performing modern coastal asset!
Location
Financial Information
List Price:  $ 3199000
Property Features
Appliances:  Dishwasher, Disposal, Refrigerator
Construction Materials:  Stucco
Levels:  One
Parking Features:  Assigned, Other
Roof:  Composition
Senior Community YN:  false
Senior Community YN:  false
MLS Area Major:  92107 - Ocean Beach
City:  San Diego
Listed By:   Nathan Winnett   eXp Realty of California, Inc. 
CA Lic#