4684 88 Voltaire St, Ocean Beach (OB), CA 92107

$1,399,000

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List Price
$1,399,000
Status
ACTIVE
MLS#
260024524SD
Year Built
2000
Lot Size
5,449
Acres
0.13
Days on Market
8
Property Type
Multifamily
Stories
Two Levels
Neighborhood
Ocean Beach

Property Description

SELLER FINANCING AVAILABLE. Offered for the first time in decades after long-term family ownership, 4684–88 Voltaire Street presents a three-unit multifamily opportunity in Ocean Beach with below-market rents and renovation potential. Situated on an approximately 5,449-square-foot lot, the property includes one 2-bedroom/1-bath unit, two 1-bedroom/1-bath units and three attached garages with alley access. Deferred maintenance offers an opportunity to enhance the property through thoughtful improvements and pursue long-term income growth. Buyers seeking to live in one unit while earning rental income from the others may also find appeal. CC-4-2 commercial zoning and the three garages offer additional possibilities to evaluate, including garage conversions or mixed-use redevelopment, subject to feasibility and required approvals. Nearby restaurants, cafés and independent shops complement convenient access to OB’s coastline, Dog Beach and Newport Avenue’s dining, shopping and weekly farmers market. Seller financing and the option to acquire the adjacent parcel add flexibility and potential to this opportunity for long-term coastal ownership.

Additional Information

Heat
Forced Air, Natural Gas
Cooling Description
None
Roof
Composition
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$57,900

Listing courtesy of Listing Agent: Aurmon Banitaba (aurmon@ccgrea.com) from Listing Office: CCG RE Investment Services Inc.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.