4BR Multi-Family for Sale in San Diego, CA

TWO HOMES, ONE EXCEPTIONAL COASTAL LIFESTYLE - 1.5 BLOCKS FROM THE SAND - A unique opportunity to own two detached newer residences in the heart of Ocean Beach. The single-story front home was extensively renovated down to the studs in 2017, while the three-story rear residence was built from the ground up in 2019 and operates as a successful, high-occupancy vacation rental with more than 250 five-star reviews.***The single-story front residence features 2BD/2BA, an office, and a versatile sunroom that could serve as an additional office, art studio, or exercise room. A spacious front yard and spectacular private patio provide inviting spaces for outdoor dining, entertaining, or simply enjoying the Ocean Beach sunshine. The comprehensive 2017 renovation included plumbing, electrical, insulation, flooring, tile, fencing, landscaping, paint, plaster, cabinetry, countertops, HVAC, SS appliances, ceiling fans, double-pane windows, doors, etc., creating a beautifully updated coastal home. ***The three-story rear residence is filled with natural light and reflects quality construction throughout. It features 2BD/2BA, and multiple decks designed for easy indoor-outdoor living. Inside, wood flooring flows throughout, complemented by a beautiful kitchen with custom white cabinetry, SS appliances, and marble countertops. Additional features include owned solar panels, triple-pane windows, A/C, a tankless water heater, EV charger, ceiling fans and fireplace. This property offers strong rental performance with the potential to generate six-figure annual revenue! Adding to the appeal is a spacious four-car garage, conveniently accessed via the alley, offering ample parking and storage-an especially valuable feature in Ocean Beach. Each residence has its own washer and dryer, and nearly all furnishings can be included in the sale, creating a convenient and highly flexible turnkey opportunity. The property may also offer the potential to separate the two residences-subject to applicable city/county requirements and approvals, providing additional flexibility for the future. Whether envisioned as a primary residence with rental income, an investment property, or a multigenerational retreat, this newer Ocean Beach property offers the opportunity to own two independent homes just 1.5 blocks from the sand and moments from the best of Ocean Beach-Newport Avenue's vibrant restaurants and shops, Saratoga Park, Dog Beach, the Ocean Beach Pier, and the scenic Sunset Cliffs coastline. Mission Bay, Mission Beach, and Point Loma are also just minutes away.