4 Unit Property on the border of Point Loma and Ocean Beach, with views towards Mission Bay and Seaworld. The property currently consists of 2 buildings, and a total of 4 units. This is an excellent opportunity for an investor or developer looking to renovate and/or rebuild, and maximize the income potential of this property. This site is located within a Transit Priority Area and is part of the city-wide density incentive program Complete Housing Community Solution, which will allow approximately 12,412 sqft of building space with the Coastal Overlay. (Full report can be provided upon request.)
The front building consists of a 3 bed, 2 bath and a 2 bed, 1 bath. Total sqft is approximately 2,243 sqft + a 200 sqft garage. The back building consists of two 1 bed, 1 bath units, totaling 1,028 sqft + 528 sqft of garage space. One 1-car garage has been converted to an additional bedroom. Three units are currently occupied by long-term tenants. The property is located within 2 miles of the Pacific Ocean and steps to restaurants and shopping on the rapidly improving Voltaire Street corridor. Additionally, there is great ingress and egress to the 8 freeway, giving residents easy access to everything else San Diego has to offer.