Ocean Beach Deals (Sold)

Live, Work, and Income Too!
Here is a property that has it all! A few blocks to the beach, 3 residential units, 6 private parking spaces (where parking is hard to find), and 3 Commercial stores all on a main busy street in Ocean Beach of San Diego, CA
BELIEVE ME! This property is a Rare Find in a Very Sparse Market

Located in the Heart of the Village... $1,429,000.
This wonderful multi-use property is located across from the post office and the library, has parking in front, and is a few blocks from the beach. Lots of traffic and excellent signage as you can see in the picture. Live, work and income from the same property and, so close to the beach!
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Here are some details about the property:

  • Located in the heart of the village - walk to the beach
  • Lot is 7000 esf - Includes 3 commercial & 3 residential
  • 3 Commercial units total approx. 2000 sq. ft.
  • 1 Res. above comm esf =1643, balcony additional esf = 110
  • Detached duplex in rear (2) 1br. 1ba units.
  • 6 parking spaces in rear of property
  • 100% leased - approx. G.S.I = $72,045./year
  • Units have been modernized and condition is excellent
  • Owner will carry financing - Buyer to verify all.

The following is a list of uses that MIGHT work for this property:

  • This building if fully rented and leased - Investment property - rents are low to modest.
  • Live in the 1643 esf home above and use the stores for your business.
  • LIve in one duplex unit, rent the other unit and home above, and use the stores for your business.
  • Build garages over 6 rear parking spaces with a 2 bedroom unit or offices on top.
  • Convert 1643 esf residential unit to offices and increase rent.

Because many of the big corporate companies are trying to break into Ocean Beach and this being a highly desirable location, we are thinking about contacting some directly such as: Starbucks - Coffee Bean and Tea Company - Baskins and Robbins - Cold Stone - Domino's Pizza - Pizza Hut - Rubios - Etc.

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Cadway's Home Selling System of CRC Realty
9340 Fuerte Drive Suite 208, La Mesa, CA 91941

619-713-0873    619-265-9191

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