Description
*Seller May Carry* as of 10/19/23. Located just 1.5 blocks from the beach in Ocean Beach, within walking distance to restaurants and shops, 5050-54 Brighton Avenue, San Diego, CA 92107 ("Property") is a five (5) unit multifamily investment property that is comprised of all (5) one-bedroom/one-bathroom units, and has three (3) tandem off-street parking spaces. The units are spread across three separate buildings, including essentially mirror-image two-story duplexes in front, with one unit above the other, each with a private patio or balcony, and one single-story detached cottage unit that has just been fully renovated inside (now vacant). The cottage unit offers excellent short term (vacation) rental potential. Front units have a charming beachy vibe, and boast private patios/balconies. Built of wood-frame construction, all buildings have pitched composition shingle roofs and wood siding. Units are separately metered for gas and electricity, and the property benefits from being on city trash, for a negligible waste services expense. With only light landscaping, landscape maintenances costs are also very low. This rare beach-proximate 5-unit property has great flexibility in terms of ways to maximize value, such as a possible increase to rentable building area and/or density via added construction. Its close proximity to the beach also makes this a prime property for partial or full short term vacation rental operations, for accelerated revenue growth.
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0BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
*Seller May Carry* as of 10/19/23. Located just 1.5 blocks from the beach in Ocean Beach, within walking distance to restaurants and shops, 5050-54 Brighton Avenue, San Diego, CA 92107 ("Property") is a five (5) unit multifamily investment property that is comprised of all (5) one-bedroom/one-bathroom units, and has three (3) tandem off-street parking spaces. The units are spread across three separate buildings, including essentially mirror-image two-story duplexes in front, with one unit above the other, each with a private patio or balcony, and one single-story detached cottage unit that has just been fully renovated inside (now vacant). The cottage unit offers excellent short term (vacation) rental potential. Front units have a charming beachy vibe, and boast private patios/balconies. Built of wood-frame construction, all buildings have pitched composition shingle roofs and wood siding. Units are separately metered for gas and electricity, and the property benefits from being on city trash, for a negligible waste services expense. With only light landscaping, landscape maintenances costs are also very low. This rare beach-proximate 5-unit property has great flexibility in terms of ways to maximize value, such as a possible increase to rentable building area and/or density via added construction. Its close proximity to the beach also makes this a prime property for partial or full short term vacation rental operations, for accelerated revenue growth.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-08T10:31:29.03. 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 deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.