2368 Soto St - 2- 3br/2bt Houses w/ Garages/ Ocean Beach 2 Unit Apartment Building Offered at $1,950,000 at a 3.87% Cap Rate San Diego, CA 92107

2368–2370 Soto Street presents a rare opportunity to acquire two detached 3-bedroom / 2-bath homes in the heart of Ocean Beach. Built in 2000, the property offers newer construction, an excellent unit mix, and a highly desirable coastal location.
Situated on a 6,716 square foot lot, each residence features an attached two-car garage, fireplace, and separate SDG&E and water metering, with tenants paying all utilities. One home also includes a private fenced yard, helping create strong tenant appeal and minimize operating expenses.
Both units are occupied on month-to-month leases with below market rents, providing investors the opportunity to increase rental income over time while also offering potential future ADU or development opportunities (buyer to verify).
Ideally located directly across from Collier Park and just minutes from the beach, Newport Avenue, Sunset Cliffs, and Downtown San Diego, the property combines stable in-place income, rental upside, and long-term appreciation potential in one of San Diego's most sought after coastal neighborhoods.