4934 Coronado Ave, San Diego, CA 92107

Property Description

Rare South Ocean Beach gem, featuring mainly cottage-style units with no shared walls, spread across 1.5 times the typical South OB lot, which is walking distance from Santa Cruz Cove Beach (2 blks), OB Pier (3 blks), and OB Noodle House Bar 1502, among other local dining staples (4 blks). The property contains seven (7) one-bedroom/one-bathroom units, averaging +/-530 SF, with four garage spaces, and four surface parking spaces. Units feature pitched roofs, primarily hardwood or tile floors, dual-pane vinyl windows, privacy screen doors, updated fixtures and appliances. These units show very well, and are in turnkey condition. Spread over +/-10,500 SF of land, there is ample space and natural light flowing through the units, as well as a common area lawn, and beautifully maintained drought-tolerant landscaping. There is a dedicated laundry room on site with leased equipment, as well as several storage areas for tenants to put their bikes and surfboards. Two of the units have dishwashers, and one has washer/dryer hookups. Two separate APNs, with one 4-on-1 and one 3-unit property, for several financing options. Very strong vacation rental potential plus long-term redevelopment potential. Turnkey property in highly desirable location. Exterior: ,