Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Lot size

5,449 sqft

Year built

2000

Stories

2

Heating

Natural Gas,Forced Air

Cooling

None

Status

Active

Days on market

11

MLS #

248104603

About this property

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.

Location

88 Voltaire St

San Diego, San Diego, CA, 92107