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**SELLER FINANCING AVAILABLE** 4934-4936 W Point Loma Blvd 4 Unit Apartment Building $3,395,000 ($848,750/Unit) 4.04% Cap Rate San Diego, CA 92107
Investment Highlights
- Irreplaceable Coastal Real Estate in Ocean Beach Assumable Seller Will
- Assumable $2.65M VA Loan @ 3.25% + Seller Will Carry in 2nd Position
- Five (5) Single Car Garages + Five (5) Parking Spaces
- **SELLER FINANCING OPPORTUNITY** Potentially 0%-10% Down
- Amazing Unit Mix: (2) 3Bed/2Bath + (2) 2Bed/2Bath
- Walk to the Sand, and Local Shops / Restaurants
Executive Summary
**CALL ABOUT SELLER FINANCING** Located in Ocean Beach, one of San Diego’s most desirable submarkets, the Apartment Homes on W Point Loma Blvd presents an investor with an amazing opportunity. With large units averaging 1,000sf each, an amazing location with walkability to the sand, and attractive seller financing, this 4-unit gem has everything an investor looks for. The property is situated on a 6,723sf parcel, and consists of two (2) 3Bedroom / 2Bathroom 1,150sf Units and two (2) 2Bedroom /2Bathroom 859sf Units. In addition, this coastal asset uniquely offers five (5) single-car garages and five (5) off-street parking.
This apartment complex is perfect for a buyer looking to acquire a high-income multifamily asset near the beach with little to no down payment.
This apartment complex is perfect for a buyer looking to acquire a high-income multifamily asset near the beach with little to no down payment.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$200,400
|
$49.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,012
|
$1.50
|
| Effective Gross Income |
$194,388
|
$48.38
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$57,282
|
$14.26
|
| Net Operating Income |
$137,106
|
$34.12
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $200,400 |
| Annual Per SF | $49.88 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $6,012 |
| Annual Per SF | $1.50 |
| Effective Gross Income | |
|---|---|
| Annual | $194,388 |
| Annual Per SF | $48.38 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $57,282 |
| Annual Per SF | $14.26 |
| Net Operating Income | |
|---|---|
| Annual | $137,106 |
| Annual Per SF | $34.12 |
Property Facts
| Price | $3,395,000 | Apartment Style | Low-Rise |
| Price Per Unit | $848,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.04% | Building Size | 4,018 SF |
| Gross Rent Multiplier | 16.94 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 2.49/1,000 SF |
| Zoning | RM-2-4 - Residential Multifamily | ||
| Price | $3,395,000 |
| Price Per Unit | $848,750 |
| Sale Type | Investment |
| Cap Rate | 4.04% |
| Gross Rent Multiplier | 16.94 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,018 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 2.49/1,000 SF |
| Zoning | RM-2-4 - Residential Multifamily |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Dining Room
- Freezer
Site Amenities
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $3,500 | 859 |
| 3+2 | 2 | $4,850 | 1,150 |
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Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 448-230-06 | Improvements Assessment | $579,100 |
| Land Assessment | $2,489,593 | Total Assessment | $3,068,693 |
Property Taxes
Parcel Number
448-230-06
Land Assessment
$2,489,593
Improvements Assessment
$579,100
Total Assessment
$3,068,693
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**SELLER FINANCING AVAILABLE** | 4934-4936 W Point Loma Blvd
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