4845 Long Branch Ave, San Diego

$2,750,000

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0 Bed
0 Bath
.17 Acre
0 Garage

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.

Essential Information

MLS® #
240009492SD
Price
$2,750,000
Bathrooms
0.00
Acres
0.17
Type
Commercial Sale
Sub-Type
Mixed Use
Status
Active

Community Information

Address
4845 Long Branch Ave
Area
92107 - Ocean Beach
City
San Diego
County
San Diego
Zip Code
92107
Senior Community
N

Amenities

Parking Spaces
5

Additional Information

Date Listed
May 1st, 2024
Days on Market
17

Listing Details

Agent
Brendan Mckee
Office
McKee Properties

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Based on information from California Regional Multiple Listing Service, Inc. as of May 18th, 2024 at 2:30am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.