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$ 3,300,000
Est. payment | /mo
9,944 Sqft Lot
$ 3,300,000
Est. payment | /mo
9,944 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260017182SD
HOA Y/N No
Lot Size 9,944 Sqft
Property Sub-Type Mixed Use
Property Description
We are pleased to present 5137-41 Muir Avenue, a 10-unit multifamily property ideally located in the heart of Ocean Beach, one of San Diego's most desirable and supply-constrained coastal neighborhoods. Originally constructed in 1949, the property offers investors the opportunity to acquire a well-located asset with strong in-place rental demand, desirable smaller-unit floor plans, and long-term appreciation potential driven by Ocean Beach's irreplaceable coastal location. The property consists of eight (8) studio / one-bath units and two (2) onebedroom / one-bath units, providing an efficient unit mix that appeals to a broad renter demographic seeking attainable coastal housing. Select units have been renovated with updated interiors, while the property offers attractive outdoor amenities including a shared BBQ area, outdoor fireplace, landscaped common areas, and ample off-street parking. Positioned just a short walk from Ocean Beach, Newport Avenue's vibrant collection of restaurants, cafés, breweries, and nighborhood retail, the property offers an exceptional walkable coastal lifestyle. The asset benefits from an estimated Walk Score® of approximately 87 (“Very Walkable”), allowing residents to complete most daily errands without a vehicle while enjoying immediate access to beaches, parks, and public transit. Ocean Beach continues to experience exceptionally strong rental demand due to limited new development, restrictive coastal zoning, and its unique blend of neighborhood character and beachfront amenities. These market fundamentals position 5137-41 Muir Avenue as a The asset benefits from an estimated Walk Score® of approximately 87 (“Very Walkable”), allowing residents to complete most daily errands without a vehicle while enjoying immediate access to beaches, parks, and public transit. Ocean Beach continues to experience exceptionally strong rental demand due to limited new development, restrictive coastal zoning, and its unique blend of neighborhood character and beachfront amenities. These market fundamentals position 5137-41 Muir Avenue as a compelling coastal investment opportunity offering stable cash flow, long-term value appreciation, and future upside within one of San Diego's most tightly held rental markets.
Location
State CA
County San Diego
Area 92107 - Ocean Beach
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Composition
Others
Tax ID 4480432300
Virtual Tour https://www.propertypanorama.com/instaview/snd/260017182
Listed by Conor Brennan Conor Brennan, Broker #01918598
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Kate Goodwin
REALTOR® Real Estate Advisor | License ID: 2095930
+1(619) 320-8350 | kate.goodwin@exprealty.com