Pending
5029 W Point Loma Blvd
San Diego CA, 92107
$2,995,000
Pending
Commercial
Listed by Conor Brennan with Marcus & Millichap 858-373-3100
We are pleased to present 5029 W Point Loma Blvd, a 6-unit stabilized apartment community in Ocean Beach just a stone's throw from the beach and popular Robb Field. Interior and exterior has been rehabilitated within the last 5 years and features five 2-bedroom / 1-bath units (one of which features it's own roof-top patio and office), and a single 1-bedroom / 1-bath units. Unit are on the large side approximately This 1976 construction building contains 5,450 building square feet (buyer to verify) on a single 4,895 square foot lot. Select units have 10 foot ceilings, dimmable lighting, front gated entrance and rear sliding gas doors access to common areas and courtyard. The property has received several custom upgrades such as custom stained glass, glass partitions, tile flooring, cabinetry, quartz countertops, a surplus of windows and mirrors to emphasize natural lighting, recessed/pendant lighting and doors. A central private courtyard consists of seating area, firepit and bbq with secure gated entry from front and alley. Six off-street parking spaces rest at the rear of the building. 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.
240005279SD
MLSⓇ ID
March 11, 2024
Listed
May 17, 2024
Updated
Map
5029 W Point Loma Blvd
San Diego CA, 92107
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.11 Acres
Roof
Composition
Other Property Details
Area Name
92107 - Ocean Beach
Days on Market
37
Garage
No
Parking Total
6
View
No
County
San Diego
Pool
No
Zoning
rm-2-4
Buyer Agency Compensation
1.75%
Listing History
Date | Event | Price |
---|---|---|
5/17/2024 | Pending | — |
Listing Contact: 858-373-3100
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/17/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 5/17/2024 at 10:40 PM UTC