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Kelly Tingle

tingle.kelly@gmail.com +1(619) 261-2653

$1,395,000

Est. payment - /mo

3,005 Sqft Lot

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Sun Nov 15, 2:00pm - 4:00pm

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Ocean Beach

MLS Listing ID 260026530SD

HOA Y/N No

Year Built 1953

Lot Size 3,005 Sqft

Property Description

5% cap rate! Just one-half block from the beach and directly across from Ocean Beach Dog Beach, 5157-59 Muir Avenue presents a rare opportunity to own a versatile coastal duplex in one of San Diego's most iconic neighborhoods. Whether you're seeking a strong rental asset, an owner-occupied property with income from the second unit, or a future development opportunity, this property offers multiple paths to maximize its value. Positioned on an RM-2-4 zoned lot, the property offers the potential to build up and capture sweeping Pacific Ocean views, creating the opportunity for an exceptional ocean-view coastal retreat. The existing two-unit configuration provides immediate flexibility and long-term upside for the savvy buyer. The front 1 bedroom, 1 bath cottage is currently operating as a sought-after vacation rental and features a modern kitchen, quartz countertops, stainless appliances, mini-split AC, built-in bedroom storage, and approximately 375 SF of additional front patio space for entertaining, dining al fresco, or an outdoor garden. The rear 2 bedroom, 1 bath residence features an updated kitchen, spacious backyard, and a private view deck with approximately 250 SF outdoor entertaining space and beautiful ocean views. Adding even more value are 3 dedicated parking spaces directly in front of the property, and laundry, a rare convenience in Ocean Beach. From the sand and surf to Newport Avenue's eclectic shops, restaurants and bars, Voltaire Street, and the beloved Ocean Beach farmers market, the location puts the best of the neighborhood right outside your door.

Location

State CA

County San Diego

Area 92107 - Ocean Beach

Zoning R-4:MULTIP

Interior

Heating Electric, Forced Air

Cooling Central Air

Fireplace No

Exterior

View Y/N Yes

View Ocean

Roof Type Composition

Building

Story 1

Entry Level One

Level or Stories One

Others

Senior Community No

Tax ID 4480430800

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

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Listed by Katie Herrick Compass #01800357

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Kelly Tingle

+1(619) 261-2653

Director of Branch Operations | Broker License ID: CA DRE # 01328533

5157 59 Muir Ave San Diego, CA 92107

Kelly Tingle

Open House

Key Details

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Interior

Exterior

Building

Others

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5157 59 Muir Ave