Property Details
Property Name
OB Farmhouse
Address
4961-67 Coronado Ave, San Diego, CA 92107
Asking Price
$2,895,000
Units
8
Building Size
7,000 SF
Property Type
Multifamily
Cap Rate
—
Price Per Unit
$361,875
Status
Active
Broker
Arby Eivazian
Investment Opportunity
South Coast Commercial is pleased to present 4961-67 Coronado Avenue, an 8-unit multifamily investment located in the heart of Ocean Beach, one of San Diego's most vibrant coastal neighborhoods. The property offers a highly coveted coastal location just 1.5 blocks from the beach and features nine (9) off-street parking spaces — a rare commodity in this submarket.
Comprised of eight (8) one-bedroom/one-bathroom units totaling approximately 3,280 SF of rentable area, the property has undergone numerous recent upgrades, including electrical and roof improvements, dual-pane vinyl windows, and select unit renovations. Current in-place rents are strong, with further upside potential through additional upgrades or a strategic shift to short-term rental operations — a turnkey opportunity for investors seeking long-term appreciation and reliable coastal income.
Why This Property
Strong in-place income
High-demand urban corridor
Rental upside potential
Limited competing inventory
Suitable for 1031 exchange
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