Ocean Beach Cottages 5050-5054 Brighton Ave 5 Unit Apartment Building $1,750,000 ($350,000/Unit) 4.04% Cap Rate San Diego, CA 92107

Located just 1.5 blocks from the beach in Ocean Beach, within walking distance to restaurants and shops, 5050-54 Brighton Avenue, San Diego, CA 92107 (“Property”) is a five (5) unit multifamily investment property that is comprised of all one-bedroom/one-bathroom units, and has three (3) tandem off-street parking spaces. OB Surf/beach cottage vibes!
The units are spread across three separate buildings, including essentially mirror-image two-story duplexes in front, with one unit above the other, each with a private front and rear patios/balconies, and one single-story detached cottage unit that has been renovated inside. Built of wood-frame construction on concrete on grade foundations upon a ±3,837 SF lot, all buildings have pitched composition shingle roofs and wood siding. Units are separately metered for gas and electricity, and the property is on city trash. With very little landscaping at the property, related landscape maintenance, among other operational costs, are minimal.

This rare beach-proximate 5-unit property has great flexibility in terms of ways to maximize value, such as a possible increase to rentable building area and/or density via added ADU construction, possibly with a 30 foot high Ocean View ADU over central courtyard and rear parking area. 5050-54 Brighton Avenue boasts close proximity to: the beach(es); Robb Athletic Fields; OB Noodle House; the OB Pier; and best area retail along Newport Avenue, making this a prime property for partial or full short term (vacation) rental operations, for anyone wanting to accelerate revenue growth that way.