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4918 Del Monte Ave - The Del Monte Cottages 3 Unit Apartment Building Offered at $1,898,000 San Diego, CA 92107
Investment Highlights
- FIRST TIME ON MARKETING SINCE 1986 | 3 DETACHED COTTAGES | OCEAN BEACH 92107 | 6,290 SF LOT | ON-SITE PARKING
- $302 per land square foot the property sits roughly 31% below the median of the comparable set
- Located in Ocean Beach, 2 blocks from the OB Pier, within walking distance of Newport Ave, Wednesday's farmers market and Dog Beach.
Executive Summary
FIRST TIME ON MARKETING SINCE 1986 | 3 DETACHED COTTAGES | OCEAN BEACH 92107 | 6,290 SF LOT | ON-SITE PARKING Del Monte Avenue sits in the residential heart of Ocean Beach, two blocks from the pier and within walking distance of Newport Avenue, the Wednesday farmers market and Dog Beach with a walkable score of 89/100. It is one of the few remaining stretches of coastal San Diego where detached cottages still exist in this form on a 6,290 square-foot alley-access lot. At $302 per land square foot the property sits roughly 31% below the median of the comparable set. Built in 1937 and held by one family since March 1986. The three separate single-story cottages are arranged front to back on the lot, each with its own entrance, private yard, in-unit laundry and on-site parking, with an additional two-car garage structure between them. Total structures measure 2,126 square feet. Occupancy is month-to-month. One cottage anticipated being delivered vacant at close of escrow.
PROPERTY SOLD AS IS, IN ITS CURRENT CONDITION. Escrow + Title Sellers Choice. DO NOT DISTURB OCCUPANTS OR ENTER THE PROPERTY. SHOWING OF PROPERTY ONLY with ACCEPTED OFFER + verified POF. Email all Offers to info@whollycreation.com. All information provided by Seller and from sources deemed reliable but not guaranteed or verified by Broker or Seller; Broker not liable for Seller-provided information. Buyer to complete own verification and due diligence. The Seller has self managed the property.
CONTACT LISTING AGENT EMAIL info@whollycreation.com or TEXT 858 -652-1446 WITH ADDITIONAL QUESTIONS. ALSO LISTED ON MLS.
PROPERTY SOLD AS IS, IN ITS CURRENT CONDITION. Escrow + Title Sellers Choice. DO NOT DISTURB OCCUPANTS OR ENTER THE PROPERTY. SHOWING OF PROPERTY ONLY with ACCEPTED OFFER + verified POF. Email all Offers to info@whollycreation.com. All information provided by Seller and from sources deemed reliable but not guaranteed or verified by Broker or Seller; Broker not liable for Seller-provided information. Buyer to complete own verification and due diligence. The Seller has self managed the property.
CONTACT LISTING AGENT EMAIL info@whollycreation.com or TEXT 858 -652-1446 WITH ADDITIONAL QUESTIONS. ALSO LISTED ON MLS.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,898,000 | Building Size | 2,126 SF |
| Price Per Unit | $632,667 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 3 | Year Built | 1937 |
| Property Type | Parking Ratio | 3.76/1,000 SF |
| Price | $1,898,000 |
| Price Per Unit | $632,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | |
| Building Size | 2,126 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1937 |
| Parking Ratio | 3.76/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Washer/Dryer
- Heating
- Refrigerator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Contacts
-
Danny Fitzgerald -
Kathleen Fitzgerald -
Nicole Fitzgerald Briant - Wholly Creation Inc
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