4845 Long Branch Ave

San Diego, CA 92107

PRICE REDUCED

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-$300,000 (-10.91%)

$2,450,000

List Price

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Property Description

**$300k Price Reduction on 8/21 with updated rent roll** 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.

Listing Information

List Price $2,450,000
Status Active
MLS 240009492SD
HOA $0
Type Commercial
Subtype Mixed Use
Lot Size 7,500
Structure Size N/A
DOM 120
Courtesy Of McKee Properties
Listing Agent Brendan McKee DRE#01882732

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Maps

Listing information courtesy of: Brendan McKee, McKee Properties . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 11th, 2024 at 6:00 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.