4540-44 Ocean View Blvd 3 Unit Apartment Building For Sale San Diego, CA 92113

CBRE is pleased to present 4540-4544 Ocean View Blvd, a renovated triplex with below-market rents on a very large lot that has additional development opportunity by right. The property features a unit mix of three (3) one-bedroom / one-bathroom cottages averaging approximately 490 square feet. Built in 1940, the property was constructed with pitched roofs and provides ample parking with 6 off-street spaces. The property has recently had the major systems updated including electrical panel upgrades and new sewer lines. The interior’s of two of the units have also been completely remodeled with new appliances and finishes.
This property is offered with very attractive seller financing terms. The Seller is willing to provide up to 90% LTV, debt in the mid-5% range, with interest only payments. All terms are open to negotiation. The Seller is open to offers of all structures and will be open to Joint Venturing with a Buyer if they would like to execute their development plan.
Mountain View continues to attract investor interest due to its affordability, strong community identity, and proximity to transit. The property sits a short distance from the 47th Street Trolley Station, a stop on the MTS Orange Line providing direct access to Downtown San Diego. Major roadways nearby include Imperial Avenue, National Avenue, and Market Street, with the 805 Freeway accessible from Imperial Avenue, offering convenient connectivity to surrounding neighborhoods such as Logan Heights, Southcrest, and Lincoln Park. Residents enjoy access to local amenities including Neal Petties Mountain View Community Park and the Mountain View Community Center on South Boundary Street, along with nearby shopping at the Imperial Marketplace and Northgate Market at Southcrest Park Plaza. The area is also served by multiple bus routes including the 3, 4, 11, and 955, enhancing mobility throughout Southeastern San Diego.
With Southeast San Diego’s growing population, low vacancy rates, and increasing demand for affordable, well-located rental housing, 4540-4544 Ocean View Blvd presents an excellent opportunity for investors seeking a property with strong fundamentals and development potential