4922 Muir Ave

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4922 Muir Ave

San Diego, California

$3,150,000

Overview

Residential
Property Type

9
Bedrooms

6
Bathrooms

0
Garage

3000
Sqft

302191
Property ID

Description

Variance Granted. RARE OPPORTUNITY – 4 NEWLY CONSTRUCTED UNITS just 2 Blocks from the Ocean Beach Shoreline! Prime coastal investment in one of San Diego’s most desirable beach communities with a long history of high appreciation!! This is a turnkey, high-yield property. Ideal for savvy investors or owner-occupants looking to grow their wealth while living the dream – just steps away from the sand, surf, dining, and nightlife, and financed with income generated from the other 3 units. These four beautifully built, contemporary units, offer the ultimate blend of luxury, convenience, and location. All units feature washer & dryer, central heat & air, and stainless-steel appliances. 5 Designated Parking spots ! – a premium in this beachside community! High-demand rental area with consistent occupancy and excellent long and short-term rental potential. The “actual scheduled income” is all from long term rentals, but the “projected scheduled income” utilizes one of the units as a short-term rental as allowed. This property offers tremendous versatility – long- or short-term rentals, multi-generational living, house hacking (live in one, rent out the others), with low-maintenance design and top-tier rental appeal.. Ideal property for your 1031 exchange, and the seller will consider a single-family fixer, or property with ADU potential in trade. Units and current rents: 3bd, 2 ba – $5100/mo; 3bd, 2ba – 5000/mo; 2bd, 1ba – $3200/mo; and 1bd, 1ba – $2800 /mo. Total monthly rent = $15,550! Don’t miss your chance to own this high-performing modern coastal asset!