4767 Ocean Boulevard 203, San Diego, California 92109, San Diego, 92109 - 2 bed, 2 bath
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San Diego, California 92109
This oceanfront residence represents a High-Potential Investment Opportunity, listed at $1,695,000—positioned above the $1,604,698 Fair Market Value by 5%. While priced at a premium, the property offers a unique Income-Generating Potential through short-term rentals in a resort-style building. Featuring a Condition Rating of 4, the unit provides a stable foundation for cosmetic modernization to maximize rental yields. With Panoramic Ocean Views and proximity to top-rated schools like Bird Rock Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4767 Ocean Boulevard 203 Subject | $1,695,000* List Price | 2 | 2 | 1,191 | $1,347 | - |
A 1235 Parker Pl 1f Sold | $1,550,525 | 2 | 2 | 1,034 | $1,500 | 1.0 mi |
B 4767 Ocean Blvd 903 Pending | $1,725,000 List Price | 2 | 2 | 1,191 | $1,448 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1971, making it over 50 years old. While the unit appears clean and well-maintained, the kitchen features dated white appliances, a basic electric range, and an older granite countertop style. The bathrooms also exhibit outdated tile work and vanity styles, suggesting the last significant renovation occurred approximately 15-30 years ago. The diagonal tile flooring throughout is functional but contributes to an aged aesthetic. The property is move-in ready but would benefit from minor updates to modernize the kitchen and bathrooms.
Elementary School: Bird Rock Elementary School (10/10).
The property boasts a direct oceanfront location with breathtaking sit-down water views, panoramic ocean vistas from nearly every angle, and spectacular sunsets, offering an exceptional coastal experience.
The building allows short-term vacation rentals, and the unit is currently an active income-producing property, providing flexibility for personal use and investment returns.
The property carries a significant monthly association fee of $1354.0, which could impact the overall cost of ownership and affordability.
Built in 1971, the building is over 50 years old, which may suggest potential for older infrastructure or the need for future capital improvements, despite existing amenities.
As an active short-term rental property within a resort-style building, there may be higher turnover of occupants and potential for increased noise levels compared to a purely residential complex.
Rare opportunity to own an oceanfront condo with breathtaking sit-down water views. This light and bright two-bedroom, two-bath residence offers an exceptional coastal lifestyle with panoramic ocean vistas from nearly every angle. Located in the highly sought-after Capri by the Sea, residents enjoy true resort living with a pool/spa, concierge service, and an elegant, welcoming lobby. Watch spectacular sunsets from your front-row seat and fall asleep to the sound of the waves. The building allows short-term vacation rentals, and this home is currently an active income-producing property—use it when you want and let your investment work for you the rest of the year.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,191 | 993 | 74% |
| Lot Size | 46,406 | 1,089.185 | 88% |
| Price | $1.70M | $925.0K | 89% |
| Price per sq ft | $1.4K | $888 | 85% |
| Built year | 1971 | 1975 | 7% |
| HOA | $1354.0 | $506 | 95% |
| Days on market | 148 | 142 | 54% |
Jan 19, 2026
$1,695,000
Initial Listing
Nov 18, 2002
$690,000
Public Record
Jan 8, 2002
$585,000
Public Record
Nov 2, 1999
$424,000
Public Record