Investment Overview

4417-21 Mentone Street is an excellent investment opportunity for someone looking for an add-value property with immediate upside. Available are 5 units on 2 separate parcels located in one of San Diego’s most desirable coastal communities known as Ocean Beach. 4417 Mentone is a 2BR/1Bath stand-alone unit that is approximately 725 SF. 4419-21 Mentone Street is a 4-unit building made up of four 2BR/1Bath units that average around 756 SF. Combined average unit size is ~ 750 SF. All of the tenants are long term and upgrades have been done over the years. New ownership will be able to raise rents without a problem. Overall, the rents are about 25% below market. 4419.5 Mentone Street is occupied by a family member of the Seller who is willing to sign a new lease close to market rents. Ocean Beach “OB” is a vibrant beach community located just a few miles from downtown San Diego and just north of Point Loma which is considered one of the most affluent, desirable neighborhoods in Southern CA. OB is consistently a destination spot for tourists but also a highly sought-after place to live and rent for young professionals. Historically, this beach community enjoys almost 100% occupancy improving the long-term stability for an apartment owner.