4986 Santa Monica Ave, San Diego, CA 92107

This property presents a compelling investment opportunity for investors interested in acquiring a well-maintained legacy asset, with under market rents, to increased value through selective unit upgrades. Investing in this property (potential for a 5 CAP one block from beach and one block from Newport) offers the chance to own a valuable asset in a market with limited supply, poised for long-term appreciation. This ten (10) unit apartment complex is perfectly located just one block away from the beach and one block away from retail/dining along Ocean Beach's “Main Street” Newport Ave. This desirable unit mix of spacious one-bedroom and two-bedroom units consists of Six (6) one-bedroom/one-bathroom unit, Two (2) two-bedroom/one-bathroom units, One (1) two-bedroom/one and half bathroom unit and One (1) two-bedroom/two-bathroom unit. Each unit is separately metered and there are ten (10) surface off-street parking spaces as well as a private courtyard for residents accessible through secure gated entry, and an owner owned laundry room on-site.