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NEW LISTING! 2 Unit Duplex Zoned Commercial in Ocean Beach

5034 Santa Monica Avenue, San Diego, CA 92107

Pacific Coast Commercial is pleased to present the opportunity to acquire this two (2) unit duplex located at 5034 Santa Monica Avenue. The property is just a few steps away from the boardwalk and beautiful Pacific Ocean in the heart of Ocean Beach, California.

Santa Monica Avenue is also nearby an abundant of delicious restaurants, fun night life, and great shopping. Completely remodeled in January 2015, you won't find a newer or more private escape in San Diego.

Property Features:

Building Size: +/- 1,022 RSF

Parcel Size: +/- 3,498 SF

Sale Price: $1,099,000

Price/Unit: $549,500

Price/RSF: $1,075.34

Proforma CAP Rate: 4.2%

Property Highlights:

  • The property is zoned commercial with huge upside potential for long term rentals, vacation rentals, student rentals, live / rent, etc.

  • Both units are open floor plan studios with one (1) bathroom, sleeping four (4) persons comfortably (max 2 adults).

  • The property has four (4) tandem parking spaces in the fear of the building.

  • Completely remodeled in January 2015, you won't find a newer or more private escape.

  • The light and bright condo feature an open floor plan where the living room opens to the beautiful kitchen and bedroom. With brand new flooring, plenty of seating on the large plush sectional, a large flat screen TV, excellent natural lighting, and air conditioning, it may be hard to leave! The brand new designer kitchen with high-end stainless steel appliances, large prep space, and counter seating for three.

  • Take in all of the beauty that historic Ocean Beach has to offer. It has everything you need for a wonderful day including comfortable outdoor seating, and a BBQ.

  • Second unit has long-term renters at $1,950 per month with a private yard/area.

Contact Agents for more Details

AJ George

Broker Associate & Investment Sales

(858) 598-3589

Lic. 01353648


Sales & Leasing Associate

(630) 247-5887

Lic. 02098424

The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt Its accuracy, but we do not guarantee it. All information including zoning, financials, leases, square footage, permits and use should be verified during due diligence and prior to completing a purchase.

Pacific Coast Commercial

Office (619) 469-3600

10721 Treena Street, Suite 200

San Diego, CA 92131

Lic. 01209930


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