5029 Point Loma Blvd, San Diego CA 92107 | $2,995,000

We are pleased to present 5029 W Point Loma Blvd, a 6-unit stabilized apartment community in Ocean Beach just a stone’s throw from the beach and popular Robb Field. Interior and exterior has been rehabilitated within the last 5 years and features five 2-bedroom / 1-bath units (one of which features it’s own roof-top patio and office), and a single 1-bedroom / 1-bath units. Unit are on the large side approximately This 1976 construction building contains 5,450 building square feet (buyer to verify) on a single 4,895 square foot lot. Select units have 10 foot ceilings, dimmable lighting, front gated entrance and rear sliding gas doors access to common areas and courtyard. The property has received several custom upgrades such as custom stained glass, glass partitions, tile flooring, cabinetry, quartz countertops, a surplus of windows and mirrors to emphasize natural lighting, recessed/pendant lighting and doors. A central private courtyard consists of seating area, firepit and bbq with secure gated entry from front and alley. Six off-street parking spaces rest at the rear of the building. Ocean Beach offers an array of entertainment with shops, restaurants, beaches and attractions all within walking distance. This property is only two blocks from the beach resting in one of the highest demand rental markets in San Diego, making this property appealing to potential renters or future buyers. Ocean Beach is one of the closest beach communities to Downtown San Diego that has recently begun a visible transformation with new complexes, residences and stores flourishing across the neighborhood. This property is an excellent investment for the investor seeking a legacy asset in great condition with plenty of upside through further renovations. The investment gives the opportunity to an investor to own an asset in a supply constrained market allowing for long term appreciation.

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