4774 W Point Loma Blvd., San Diego, CA 92107
Commercial property · 2 recorded sales since 2016
Sold April 2022
Listing Agent: Erik Anderson (DRE #01991182) · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Faruq Darcuiel · C&C Capital Mortgage & Realty · MLS #210032417 · Source: CRMLS
About this commercial property
Pleased to present a well-kept value-add 8-unit property for sale. 4774-4780 West Point Loma Boulevard is a luxury asset located in the highly sought-after Ocean Beach submarket. The property is well located directly at the entrance to Ocean Beach. Situated just over a half-mile from the Pacific Ocean, 4774-80 West Point Loma is within walking distance to all the eclectic neighborhood has to offer. Built in 1959, the property offers approximately 6,300 square feet of rentable square feet. Comprised of six, large two-bedroom one-bath units and two, one-bedroom one-bath units, the property provides select ocean views, and ample living space compared to standard apartments. The units enjoy updated plank flooring throughout, new white shaker cabinets, new stainless-steel appliances, granite countertops and all new bathrooms. Tenants enjoy incredible accessibility to the beach, dog beach, multiple parks, the Ocean Beach farmer’s market, and all the one-of-a-kind eateries the area has to offer while providing on-site laundry and off-street parking. There is a large underutilized storage room of 500-600/sf that could easily be converted into an ADU to increase cashflow. The complex offers investors the rare opportunity to be the owner of a stabilized asset in one of San Diego’s most desirable rental markets. Increased demand within Ocean Beach and neighboring submarkets will continue to keep vacancies at all time lows while offering steady rent increases for years to come.
Listing description from the April 2022 sale, as reported to CRMLS.
Sale history
