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4957 Cape May Ave
San Diego, CA 92107 Ocean Beach

$4,650,000 USD

Apartments For Sale  •  7,198 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,198 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1972
  • Cap Rate 2.73 %
  • Zoning RM-2-4
33 Transit Score
91 Walk Score

Highlights

Irreplaceable Coastal San Diego Real Estate - Ocean Beach
10 Spacious Units, 2 Blocks to the Sand
(8) 1Bedroom/1Bathroom Units + (2) 2Bedroom/1.5Bathroom Units
Value-Add Opportunity w/ 60% Upside in Rental Income
Onsite Laundry Facility & Ten (10) Off-street Parking Spaces
Walk to the Pier & Everything Ocean Beach Has to Offer

Financial Summary (Actual)

Net Operating Income: $126,831 USD (2025)
Cap Rate: 2.73 %
Total Expenses: $99,567 USD

Public Transportation

Commuter RailDriveWalkDistance
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 8 min - 4.3 mi
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 11 min - 6.6 mi
AirportDriveWalkDistance
San Diego International 10 min - 5.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Angelo La Bruna 858-247-1095 Apartment Realty Group (ARG)
Angelo La Bruna 858-247-1095 Apartment Realty Group (ARG)