About this home

*Seller May Carry* as of 10/19/23. Located just 1.5 blocks from the beach in Ocean Beach, within walking distance to restaurants and shops, 5050-54 Brighton Avenue, San Diego, CA 92107 (Property) is a five (5) unit multifamily investment property that is comprised of all (5) one-bedroom/one-bathroom units, and has three (3) tandem off-street parking spaces. The units are spread across three separate buildings, including essentially mirror-image two-story duplexes in front, with one unit above the other, each with a private patio or balcony, and one single-story detached cottage unit that has just been fully renovated inside (now vacant). The cottage unit offers excellent short term (vacation) rental potential. Front units have a charming beachy vibe, and boast private patios/balconies. Built of wood-frame construction, all buildings have pitched composition shingle roofs and wood siding. Units are separately metered for gas and electricity, and the property benefits from being on city trash, for a negligible waste services expense. With only light landscaping, landscape maintenances costs are also very low. This rare beach-proximate 5-unit property has great flexibility in terms of ways to maximize value, such as a possible increase to rentable building area and/or density via added construction. Its close proximity to the beach also makes this a prime property for partial or full short term vacation rental operations, for accelerated revenue growth.

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Public-record history for this property.

MLS #230018406SD

🔥 Risk & insurability

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

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