5-Bedroom Residential Income - 4683 Cape May Avenue, San Diego, CA

Description

ACTIVE AIRBNB WITH 100+ FIVE-STAR REVIEWS AND ESTABLISHED RENTAL HISTORY! 2 HOMES ON ONE FLAT, FULLY USABLE LOT WITH POTENTIAL TO BUILD MORE AND CREATE A 5-UNIT PROPERTY! JUST 5 BLOCKS TO THE BEACH! Welcome to one of the most unique opportunities in Ocean Beach! LIVE, PLAY, RENT & BUILD! The remodeled front 4BR/2BA home is an established Airbnb with 100+ five-star reviews. Income records are available for buyer review. The front home features an open floor plan, large kitchen island, stainless steel appliances, updated bathrooms and great indoor/outdoor living. French doors open to the private yard and patio, perfect for entertaining and enjoying the San Diego weather. PLUS A SECOND HOME! Behind the main house is a remodeled, detached 1BR/1BA home. Rent it, use it for family or guests, or live in one home and rent the other. RARE FOR OCEAN BEACH: 4 OFF-STREET PARKING SPACES! There is a 2-car garage plus 2 open parking spaces. THE BIG OPPORTUNITY: THE ENTIRE LOT IS FLAT AND USABLE! No steep hills or wasted space. The oversized, level lot offers excellent flexibility to enjoy it as it sits today or explore adding more units and creating a 5-UNIT OCEAN BEACH PROPERTY. Keep the existing homes and income while exploring ways to add even more income and long-term value.And the location is hard to beat. Walk to the beach, restaurants, coffee shops, bars, local shops and nightlife. Ocean Beach is known for its laid-back, local feel and walkable beach lifestyle. The OB Pier, Sunset Cliffs, Dog Beach and everything that makes OB special are just minutes away. Historical rental income is not a guarantee of future performance. Buyer to verify rental history, STR use, permits, development potential and future uses.

Property details

Location

4683 Cape May Avenue • San Diego, CA 92107

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Listed by

Zachary Grant · Real Broker