5137 Muir St 10 Unit Apartment Building $3,300,000 ($330,000/Unit) 4.80% Cap Rate San Diego, CA 92107

We are pleased to present 5137-41 Muir Avenue, a 10-unit multifamily property ideally located in the heart of Ocean Beach, one of San Diego’s most desirable and supply-constrained coastal neighborhoods. Originally constructed in 1949, the property offers investors the opportunity to acquire a well-located asset with strong in-place rental demand, desirable smaller-unit floor plans, and long-term appreciation potential driven by Ocean Beach’s irreplaceable coastal location.
The property consists of eight (8) studio / one-bath units and two (2) onebedroom / one-bath units, providing an efficient unit mix that appeals to a broad renter demographic seeking attainable coastal housing. Select units have been renovated with updated interiors, while the property offers attractive outdoor amenities including a shared BBQ area, outdoor fireplace, landscaped common areas, and ample off-street parking.
Positioned just a short walk from Ocean Beach, Newport Avenue’s vibrant collection of restaurants, cafés, breweries, and neighborhood retail, the property offers an exceptional walkable coastal lifestyle. The asset benefits from an estimated Walk Score® of approximately 87 (“Very Walkable”), allowing residents to complete most daily errands without a vehicle while enjoying immediate access to beaches, parks, and public transit.
Ocean Beach continues to experience exceptionally strong rental demand due to limited new development, restrictive coastal zoning, and its unique blend of neighborhood character and beachfront amenities. These market fundamentals position 5137-41 Muir Avenue as a compelling coastal investment opportunity offering stable cash flow, long-term value appreciation, and future upside within one of San Diego’s most tightly held rental markets.