4902-06 W Point Loma Blvd.

San Diego, CA 92107 View Map $1,700,000 Ask a Question
Robert & Joy Aumann

Robert & Joy Aumann

(858) 752-8730

Ask a Question
FOR SALE: 4902-06 W Point Loma Blvd. San Diego CA 92107 | 220020769 |$1,700,000| Call Rob (858) 752-8730 for a TOUR!

Status: Sold
Property Type:Res Income 2-4 Units
MLS #:220020769
Sq. Feet:8,341
Date Sold:1/3/2023
County:San Diego

Listing Agent/Office

Agent:Joseph Burrough
Agent Phone:858-822-9222
Office:Palma Commercial
Well located and tastefully updated, ±3 blocks from the beach in OB, with direct gated access to Robb Field Athletic Fields/Courts, and park/bay/ocean view exposure, 4902-06 W. Point Loma Blvd. 92107 ("Property") is a three unit multifamily investment property on a ±8,341 SF lot, zoned RM-2-4. The Property currently is a 'two-on-one', with two side-by-side 1br/1ba units at the front single-story duplex, now operated as furnished short term rentals and constantly booked, each with hardwood floors, wall heat, ceiling fan/light fixtures, and good natural light. Behind the duplex building is a standalone 1br/1ba second-story cottage above 2 garages + a storage room (previously a 3rd garage). This unit is operated as a long-term rental, and boasts a large 2nd story balcony overlooking the park, with peek bay/ocean views. There are three separate areas with multiple surface parking spaces at the Property, namely: at front (2); middle (2); and rear of the lot (3-5), for around 7+ total surface off-street parking spaces, in addition to the garages. Great income producer, with significant development potential and upside! Extremely rare opportunity this close to renowned San Diego beaches and parks. Garage to ADU conversion potential, or better yet, eventual new ground up construction. Per SD Muni. Code, Zoning allows for 1DU/1,750 SF by right, and a 0.7 FAR (suggesting ±5,838 SF of developable RBA by right), and max height of 3-stories/30 feet, with excellent view exposure, especially if built up with max. RBA. Buyer to verify development potential.

Units have been modernized and have hardwood floors, ceiling fan light fixtures, individual water heaters, front and rear door access, all with great natural light. Units are separately metered for gas and electricity.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change

Community Information

Address:4902-06 W Point Loma Blvd., San Diego, CA 92107
Area:Ocean Beach (92107)
County:San Diego
Area (MLS Code):Coastal South
Subdivision:Ocean Beach
Zip Code:92107


Bedrooms: 3
Bathrooms: 3
Year Built:1939
Exterior: Stucco
Total Stories: 2
Unit 1: 1 bed, 1 bath
Unit 2: 1 bed, 1 bath
Unit 3: 1 bed, 1 bath. Rent: $1860.0
Roof: Composition

Features / Amenities

View: Bay, Ocean, Parklike
Heating: Wall/Gravity
Heat Source: Natural Gas
Water Heater: Gas


Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Breakfast Area
Dining Room
Living Room
Family Room
Extra Room 1
Extra Room 2
Extra Room 3

Property Features

Lot Dimensions:7,500-10,889 SF
Site: West of I-5
Topography: Slope Gentle
Water: Meter on Property
Sewer: Sewer Connected
Fencing: Partial
Directions:Sunset Cliffs Blvd. to W. Point Loma Blvd., head (W) towards the beach, on righthand side, 3 blocks or so from beach

Tax and Financial Info

Gross Sched Income Actual: $74, 760
Gross Sched Income Projected: $95, 400
Annual Expense Actual: $31, 834
Annual Expense Projected: $32, 918
Other Income Actual: $7, 800
Other Income Projected: $7, 800
Cap Rate Actual: $2.30
Cap Rate Projected: $3.37
Tenant Pays: Electricity
Terms: Cash, Conventional



Walk Score ®
Transit Score ®
Bike Score ®
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Listing information last updated on September 23, 2023 1:15 PM EST.