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$7,000,000
Est. payment /mo
5,384 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Ocean Beach
MLS Listing ID 250026011SD
HOA Y/N No
Year Built 1958
Lot Size 5,384 Sqft
Property Description
Oceanfront income property in Sunset Cliffs with sweeping views, a rare 4-car garage, and beautifully renovated rental units—offering an exceptional blend of location, flexibility, and lifestyle. Renovations were completed as recently as January 2025, and the entire property has been thoughtfully upgraded between 2020–2025 with new kitchens, baths, windows, and high-end finishes throughout. The front ocean-facing units enjoy private outdoor areas and unobstructed coastal views—one short-term rental was booked 317 nights over the past year. Two rear studios (bonus) are currently operated as long-term rentals. 2024 gross rental income totaled $445K with operating expenses of just $62K. Located just steps from Sunset Cliffs Natural Park, the beach, and neighborhood cafes. A rare opportunity to own a fully renovated oceanfront income property with strong financials and irreplaceable coastal frontage.
Location
State CA
County San Diego
Area 92107 - Ocean Beach
Building/Complex Name Pescadero Drive
Zoning R-4
Interior
Heating Forced Air, Natural Gas, See Remarks
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Pool None
View Y/N Yes
View Ocean, Panoramic
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4482420300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Dawn Leahy • Pacific Sotheby's Int'l Realty
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