619-990-4436
3453-3459 Ocean View, San Diego 92113
(4) 1 bedroom 1 bath cottages
$3400 in monthly rents
Asking Price $600,000
3453–3459 Ocean View Blvd, San Diego 92113 – 4-Unit Cottage Community Case Study (Logan Heights / Southeast San Diego)
Property Overview
3453–3459 Ocean View Blvd is a 4-unit detached cottage-style rental community, a property type that remains in extremely high demand among both renters and small multifamily investors in Southeast San Diego.
The asset consists of (4) one-bedroom / one-bath standalone cottages, spread across an efficient lot layout that provides privacy, low operating costs, and consistently strong tenancy.
These bungalow-style communities are among the most supply-constrained rental products in the county—and rarely come to market.
Investment Highlights
Sold For: $555,000
Property Type: 4 detached rental cottages
Unit Mix: (4) 1BD / 1BA
Monthly Income at Sale: $3,400
Submarket: Logan Heights / Southeast San Diego
Representation: Seller
For investors, cottage-style rentals offer a superior rent-to-SF ratio, low tenant turnover, and lower repair/maintenance overhead compared to traditional stacked apartment buildings.
Submarket Insight: Logan Heights / Southeast San Diego
This corridor continues to experience rapid rent growth and heavy renter demand due to:
Proximity to Downtown San Diego and major employment nodes
Strong demand from long-term renters seeking detached living
Very limited supply of bungalow-style multifamily assets
Stable workforce tenant base with low vacancy rates
Because cottages are rarely built today, properties like this often trade at premium multiples relative to larger apartment buildings in the same submarket.
Strategic Advisory Narrative
Representing the seller, Arby positioned the property to highlight its strongest investor appeal:
Emphasis on the cottage configuration — a niche product type that attracts a loyal buyer pool
Framing the asset as a low-maintenance, low-vacancy rental ideal for long-term hold investors
Using micro-market comps around Logan Heights, Mountain View, and Southcrest to establish accurate pricing
Highlighting the property’s strong existing income stream despite its small footprint
Leveraging the scarcity factor — detached rentals almost never hit the market in this area
This advisory approach helped capture motivated buyers seeking stable, entry-level multifamily assets with strong fundamentals.
Outcome
The property was successfully sold for $555,000, reflecting strong per-unit pricing for 1BD cottages in Southeast San Diego and validating ongoing investor demand in this submarket.
This transaction reinforces Arby’s track record of bringing premium results for owners of small multifamily properties—particularly unique asset types that require precise positioning.
Considering a Sale?
Wondering what your small multifamily or cottage-style property could sell for in today’s market?
Get a confidential valuation here:
