$1,650,000

Estimated payment $10,021/month

Total Views 6,981
3 Beds
3 Baths
1,314 Sq Ft
$1,256 Price per Sq Ft

Highlights

  • Property is Fully Fenced
  • Ocean Beach Elementary School Rated A
  • 1-Story Property

About This Home

TRIPLEX!! Income-Producing Triplex in Ocean Beach! Located just off Sunset Cliffs and a few blocks from the beach, this prime Ocean Beach property offers the ultimate coastal lifestyle, within walking distance to local restaurants, coffee shops, and everything OB has to offer. This fully occupied, meticulously maintained triplex is an ideal investment opportunity. In 2022, the property underwent major upgrades including plumbing, electrical, insulation, roof, and turf. Each unit was also updated with modern finishes and split air systems. The front unit is a charming studio with its own storage room and yard access. The middle unit is also a studio with storage, while the rear unit is a spacious 1-bedroom, 1-bath featuring its own outdoor area and storage space. Whether you're looking to expand your portfolio or secure a turnkey investment by the beach, this property is a rare find and is professionally managed.

Listing Agent

Edith Salas

Salas Properties License #01498367 Listed on: 05/31/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,895

Year Built

  • Built in 1954

Lot Details

  • 2,072 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 448-423-33-00

Community Details

Overview

  • 3 Units
  • Ocean Beach Community

Building Details

  • Net Operating Income $80,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,895

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Sunset Cliffs Blvd
  • Neighborhood: Ocean Beach
  • Stories: 1 Story
  • Total Stories: 1
  • Year Built: 1954
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: Ocean Beach
  • Community: OCEAN BEACH

Lot Info

  • Lot Size: 1-3,999 SF
  • Zoning: R-4
  • Assessor Parcel Number: 448-423-33-00
  • Estimated Lot Sq Ft: 2072

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 80160
  • Annual Expense Actual: 4680
  • Gross Rent Multiplier Actual: 19.4
  • Gross Sched Income Actual: 7070
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Other Income Actual: 600

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,895 $884,340 $780,300 $104,040
2023 $10,655 $867,000 $765,000 $102,000
2022 $523 $40,325 $23,055 $17,270
2021 $520 $39,535 $22,603 $16,932
2020 $514 $39,131 $22,372 $16,759
2019 $506 $38,365 $21,934 $16,431
2018 $474 $37,613 $21,504 $16,109
2017 $463 $36,877 $21,083 $15,794
2016 $454 $36,155 $20,670 $15,485
2015 $448 $35,613 $20,360 $15,253
2014 $442 $34,917 $19,962 $14,955
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2025 05/31/25 For Sale $1,650,000 +94.1% $1,256 / Sq Ft
01/21/2022 01/21/22 Sold $850,000 +0.1% $1,040 / Sq Ft
01/06/2022 01/06/22 Pending -- -- --
12/14/2021 12/14/21 For Sale $849,000 -- $1,039 / Sq Ft
Source: San Diego MLS

Purchase History

Date Type Sale Price Title Company
Deed -- Chicago Title
Grant Deed $850,000 Chicago Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Lawyers Title Sd
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Fidelity National Title San
Interfamily Deed Transfer -- Chicago Title Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $216,955 Stand Alone Refi Refinance Of Original Loan
Previous Owner $212,500 Stand Alone Refi Refinance Of Original Loan
Previous Owner $185,000 Negative Amortization
Source: Public Records

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Source: San Diego MLS

MLS Number: 250029147

San Diego MLS

APN: 448-423-33