Located in one of San Diego’s most supply-constrained coastal markets, this 3-unit asset presents a rare opportunity to unlock value in the heart of Point Loma and Ocean Beach. The property includes two upgraded 2BD/1BA units and one unrenovated 1BD/1BA unit—providing immediate upside through renovation and market-rate leasing. Zoned RM-2-5 and featuring an attached garage, there’s potential for ADU development or expanded living space, enhancing long-term yield. With current rents below market, investors can capitalize on repositioning through targeted improvements and optimized operations. Just blocks from the beach, this location benefits from strong tenant demand, walkable access to top-rated restaurants, retail, and schools, and proximity to Liberty Station, Point Loma, San Diego International airport, and downtown. Whether you’re looking to live in one unit and rent the others or fully lease the property for consistent income, this is a high-performing coastal hold with strategic growth potential in a tight rental corridor.
| 3 months ago | Listing updated with changes from the MLS® |
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Deborah Kerch: CA DRE #1441209
Orchard Realty, Inc.
2526 Washington St – Julian, CA 92036
Phone: 760-765-1000
CA BRE #01441209
3465 CAMINO DEL RIO S STE 250, SAN DIEGO, CA 92108
Corporate DRE: #01950433
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