
San Diego, California 92107
This Dual-Unit Residential Income Asset is a High-Potential Investment Opportunity, listed at $2,295,000—positioned above the $2,218,849 Fair Market Value. While priced at a premium, the property offers significant upside through its Dual-Unit Versatility and Exceptional Storage via oversized RV-style garages. With a Condition Rating of 4, the property requires strategic renovations to modernize aging infrastructure. Located in a prime coastal community near Top-Rated Schools like Ocean Beach Elementary (10/10), this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add coastal compound.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4670 72 Pescadero Avenue Subject 0 bd · 0 ba · 2,117 sqft · $974 | $2,295,000* List Price | 0 | 0 | 2,117 | $974 | - |
A 4918 4920 Del Monte Avenue Sold 0 bd · 0 ba · 2,126 sqft · $847 · 0.5 mi | $1,800,000 | 0 | 0 | 2,126 | $847 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948, this duplex property presents a mixed condition. The interior of the rear unit shows recent partial renovations, including updated laminate flooring, modern kitchen cabinets, and countertops, though it appears incomplete and lacks appliances. The front home is noted as needing updates. The exterior structures, balconies, and yards show clear signs of age and deferred maintenance, requiring minor repairs and further updates to be fully modernized.
Elementary School: Ocean Beach Elementary School (10/10).
The property features two separately metered homes on a single lot, providing excellent flexibility for rental income, multigenerational living, or a live-in/rent-out strategy in a high-demand coastal market.
Rare for the area, the property includes two oversized RV-style garages and alley access, offering significant space for large vehicles, workshops, or recreational gear.
The front residence is identified as needing updates, implying that buyers will need to invest additional capital to modernize the interior and maximize the property's potential.
With the original structure dating back to 1948, the property may require significant maintenance or upgrades to core systems like plumbing and electrical to meet modern standards.
Back on market! Buyer canceled after the sale of their commercial property did not come together. A renewed opportunity to own two ocean-view homes on an approximately 7,000-square-foot lot in Ocean Beach. Separate meters, alley access, and substantial garage space offer flexibility for an owner-occupant or investor. Inspection reports and seller disclosures are available for review. The front residence is a 2-bedroom, 1-bath home with ocean views and an opportunity to update and create something truly special. Behind it, the 2-bedroom, 2-bath rear residence enjoys elevated ocean views and is situated above two oversized RV-style garages—a standout feature offering exceptional space for vehicles, recreational gear, a workshop, storage, or other possibilities. Both homes are separately metered, creating flexibility for an owner-user, multigenerational living, or investment. With two residences, substantial garage space, alley access, and a generous lot in one of San Diego’s most desirable coastal communities, this property offers a combination that is increasingly difficult to find. Live in one. Rent the other. Reimagine the property. Keep the view.
No exterior & parking available.
Grades K-4 • 0.5 mi
Grades K-4 • 0.6 mi
Grades K-4 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.9 |
| Baths | 0.0 | 3.1 |
| Square foot | 2,117 | 1,907.722 |
| Lot Size | 6,972 | 6,135.853 |
| Price | $2.29M | $1.09M |
| Price per sq ft | $1.1K | $597 |
| Built year | 1948 | 1971 |
| HOA | $0 | $365 |
| Days on market | 37 | 62 |
Sep 18, 2026
$2,295,000
Initial Listing
Apr 17, 1998
$450,000
Public Record