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Mike Althof

mike.althof@gmail.com +1(619) 417-5766

$ 2,995,000

Est. payment -/mo

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Price Dropped by $55K

4922 Muir Ave San Diego, CA 92107

9 Beds

6 Baths

3,000 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $998

Subdivision Ocean Beach

MLS Listing ID 250026167

Bedrooms 9

Full Baths 6

Year Built 2024

Property Sub-Type Detached

Property Description

Variance Granted. RARE OPPORTUNITY – 4 NEWLY CONSTRUCTED UNITS just 2 Blocks from the Ocean Beach Shoreline! Prime coastal investment in one of San Diego's most desirable beach communities with a long history of high appreciation!! This is a turnkey, high-yield property. Ideal for savvy investors or owner-occupants looking to grow their wealth while living the dream - just steps away from the sand, surf, dining, and nightlife, and financed with income generated from the other 3 units. These four beautifully built, contemporary units, offer the ultimate blend of luxury, convenience, and location. All units feature washer & dryer, central heat & air, and stainless-steel appliances. 5 Designated Parking spots ! – a premium in this beachside community! High-demand rental area with consistent occupancy and excellent long and short-term rental potential. The "actual scheduled income" is all from long term rentals, but the "projected scheduled income" utilizes one of the units as a short-term rental as allowed. This property offers tremendous versatility - long- or short-term rentals, multi-generational living, house hacking (live in one, rent out the others), with low-maintenance design and top-tier rental appeal.. Ideal property for your 1031 exchange, and the seller will consider a single-family fixer, or property with ADU potential in trade. Units and current rents: 3bd, 2 ba - $5100/mo; 3bd, 2ba - 5000/mo; 2bd, 1ba - $3200/mo; and 1bd, 1ba - $2800 /mo. Total monthly rent = $15,550! Don't miss your chance to own this high-performing modern coastal asset!

Location

State CA

County San Diego

Area Coastal South

Zoning R-4

Interior

Heating Forced Air Unit

Cooling Central Forced Air

Fireplace No

Appliance Dishwasher, Disposal, Dryer, Range/Oven, Refrigerator, Solar Panels, Washer

Laundry Gas

Exterior

Parking Features None Known

Fence Full

View Y/N No

Roof Type Composition

Total Parking Spaces 5

Building

Story 1

Sewer Sewer Connected

Level or Stories 1

Others

Senior Community No

Tax ID 448-222-13-00

Acceptable Financing Cash, Conventional, Exchange, FHA, VA

Listing Terms Cash, Conventional, Exchange, FHA, VA

Virtual Tour https://www.propertypanorama.com/instaview/snd/250026167

Listed by Nathan Winnett eXp Realty of California Inc

Mike Althof

Broker Associate, Althof & Associates Team Lead | License ID: 01245962

+1(619) 417-5766

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Mike Althof

4922 Muir Ave San Diego, CA 92107

Key Details

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Exterior

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4922 Muir Ave