5033 Voltaire Street

San Diego, CA 92107

$4,850,000

List Price

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Property Description

We are pleased to present for sale 5033 Voltaire Street, a 12-unit apartment complex in Ocean Beach, San Diego. Resting just two blocks from the ocean, this 1952-construction complex features all studio /1- bath units with new kitchens, granite countertops, and a combination of white and stainless-steel appliances. Unit rents have not been pushed to market and have a lot of room without further upgrades but see substantial rent raises through a higher tier renovation. With two long, bungalow style structures on a 6,329 SF lot, this apartment complex has a private courtyard for residents accessible through secure gated entry. Two off-street parking spaces rest at the rear of the property and there is on-site leased laundry for tenants. Ocean Beach offers an array of entertainment with shops, restaurants, beaches and attractions all within walking distance. This property is only two blocks from the beach resting in one of the highest demand rental markets in San Diego, making this property appealing to potential renters or future buyers. Ocean Beach is one of the closest beach communities to Downtown San Diego that has recently begun a visible transformation with new complexes, residences and stores flourishing across the neighborhood. This property is an excellent investment for the investor seeking a legacy asset in great condition with plenty of upside through further renovations. The investment gives the opportunity to an investor to own an asset in a supply constrained market allowing for long term appreciation.

Listing Information

List Price $4,850,000
Status Active
MLS 240014530SD
HOA $0
Type Commercial
Subtype Mixed Use
Lot Size 6,329
Structure Size N/A
DOM 50
Courtesy Of Marcus & Millichap
Listing Agent Conor Brennan DRE#01918598

Interior Features

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Maps

Listing information courtesy of: Conor Brennan, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 25th, 2024 at 4:02 AM 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.