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Multifamily

Sheila Lynn

4840 Del Monte Ave, San Diego, CA 92107

Listing Price: $5,000,000

Cap Rate
1.81%
Number of Units
8
GRM
26.00
Occupancy
100.0%
Price/Unit
$625,000
Price/Gross SF
$961.54
Gross SF
5,200

Investment Overview

We are pleased to present Sheila Lynn located at 4840 Del Monte Ave., a value-add 8-unit property located in the coastal community of Ocean Beach, California. Over half a century since the Sheila Lynn has been on the market, this asset comprises eight (8) two-bedroom/ one-bathroom units totaling 5,200 rentable square feet on 0.16 acres.

Amenities include a beautifully gated courtyard with flourishing flower beds throughout, on-sight laundry, and parking for each unit. Interiors feature cozy and well-thought-out floorplans, with spacious rooms, vintage finishes, and plenty of natural sunlight. The prime Ocean Beach location provides residents with an idyllic Southern California experience. The asset property is ideally located in the center of Ocean Beach, a buzzing beachfront known for its intimate beach vibe and local events.

The location is considered a “walker’s paradise” with a Walkscore of 93, where daily errands do not require a car. Residents are proximate to a wide array of entertainment options, boutique shops, trending restaurants, outdoor coastal activities, the boardwalk, and the Santa Cruz Cove. The main thoroughfare of Ocean Beach - Newport Avenue, Ocean Beach Pier, and the famous OB Dog Beach are an enjoyable walk away. A visible transformation has become apparent with new in-fill development projects, new residences, and stores flourishing throughout the neighborhood.

This property presents a rare opportunity for investors to acquire a value-add asset in one of Southern California’s most desirable coastal communities with an irreplaceable location step away from the stunning California shoreline and a unique independent business district.

Investment Highlights

  • True value-add opportunity by implementing interior and exterior renovation enhancements and leveraging rental market momentum
  • Prime coastal location; blocks from the stunning Southern California shoreline, Santa Cruz Cove, Sunset Cliffs, and Newport Avenue; the main thoroughfare of Ocean Beach
  • Desirable unit mix of two-bedroom units; cozy and well-thought-out floorplans with plenty of natural sunlight
  • Amenities include beautifully gated brick courtyard with flourishing flower beds, ample off-street parking for tenants, and on-site laundry
  • Features a Walkscore of 93; daily errands do not require a car
  • Quick access in and out of Ocean Beach via Sunset Cliffs Blvd and Ebers St

Exclusively Listed By

Financing By

Multifamily

Sheila Lynn

Listing Price: $5,000,000

Cap Rate
1.81%
Number of Units
8
GRM
26.00
Occupancy
100.0%
Price/Unit
$625,000
Price/Gross SF
$961.54
Gross SF
5,200

Investment Highlights

  • True value-add opportunity by implementing interior and exterior renovation enhancements and leveraging rental market momentum
  • Prime coastal location; blocks from the stunning Southern California shoreline, Santa Cruz Cove, Sunset Cliffs, and Newport Avenue; the main thoroughfare of Ocean Beach
  • Desirable unit mix of two-bedroom units; cozy and well-thought-out floorplans with plenty of natural sunlight
  • Amenities include beautifully gated brick courtyard with flourishing flower beds, ample off-street parking for tenants, and on-site laundry
  • Features a Walkscore of 93; daily errands do not require a car
  • Quick access in and out of Ocean Beach via Sunset Cliffs Blvd and Ebers St

Investment Overview

We are pleased to present Sheila Lynn located at 4840 Del Monte Ave., a value-add 8-unit property located in the coastal community of Ocean Beach, California. Over half a century since the Sheila Lynn has been on the market, this asset comprises eight (8) two-bedroom/ one-bathroom units totaling 5,200 rentable square feet on 0.16 acres. Amenities include a beautifully gated courtyard with flourishing flower beds throughout, on-sight laundry, and parking for each unit. Interiors feature cozy and well-thought-out floorplans, with spacious rooms, vintage finishes, and plenty of natural sunlight. The prime Ocean Beach location provides residents with an idyllic Southern California experience. The asset property is ideally located in the center of Ocean Beach, a buzzing beachfront known for its intimate beach vibe and local events. The location is considered a “walker’s paradise” with a Walkscore of 93, where daily errands do not require a car. Residents are proximate to a wide array of entertainment options, boutique shops, trending restaurants, outdoor coastal activities, the boardwalk, and the Santa Cruz Cove. The main thoroughfare of Ocean Beach - Newport Avenue, Ocean Beach Pier, and the famous OB Dog Beach are an enjoyable walk away. A visible transformation has become apparent with new in-fill development projects, new residences, and stores flourishing throughout the neighborhood. This property presents a rare opportunity for investors to acquire a value-add asset in one of Southern California’s most desirable coastal communities with an irreplaceable location step away from the stunning California shoreline and a unique independent business district.

Exclusively Listed By

Financing By

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