
San Diego, California 92107
This Ocean Beach Condominium is a High-Potential Investment Opportunity, listed at $750,000—positioned above the $630,910 Fair Market Value. While the list price exceeds current market estimates, the property offers a rare Coastal Location just one block from the beach with Two-Car Tandem Parking and a Courtyard Pool. Featuring a Fair Condition Rating, the unit provides a foundation for cosmetic modernization. With proximity to Ocean Beach Elementary (Rating 10), this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a long-term beach lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5015 Cape May Avenue 104 Subject | $750,000* List Price | 2 | 2 | 910 | $693 | - |
A 2251 Famosa Blvd B Sold | $668,000 | 2 | 2 | 1,059 | $631 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967, this property is well-maintained but dated. While it features newer engineered wood flooring, the kitchen cabinets, white appliances, and popcorn ceilings suggest the last significant updates were likely 15-25 years ago, falling into the 'Fair' category requiring cosmetic modernization.
Situated just one block from the beach and walking distance to Newport Avenue and Sunset Cliffs, this property offers the quintessential Ocean Beach lifestyle with unparalleled walkability.
The inclusion of two-car tandem parking and a private storage locker provides significant value, as these specific amenities are exceptionally rare and highly sought after in this beach community.
As a corner residence positioned off the main corridor, this home offers a quieter living environment and enhanced privacy compared to standard units within the complex.
At $644 per month, the association fees are relatively high for a 910-square-foot unit, which may impact the debt-to-income ratio for budget-conscious buyers.
The reliance on community on-site laundry facilities rather than private in-unit hookups may be seen as a convenience drawback for modern buyers at this price point.
WAKE UP, grab a coffee, and watch the morning light reflect off the Pacific. Just one block from the beach, this two-bedroom, two-bath corner residence captures the effortless walkability that defines life in Ocean Beach. You're steps from Newport Avenue's restaurants, breweries, and cafes, a short stroll to the pier and the weekly farmers market—with Sunset Cliffs just down the road. This home's position is just off the main corridor and offers a welcome sense of privacy and quiet at the end of the day. This balance is what makes this home one of Ocean Beach's most sought-after locations. Inside, the residence has been exceptionally cared for. Engineered wood floors add warmth throughout the main living areas. The spacious primary suite includes a walk-in closet and a private en-suite bath. Practical features further set this home apart, including two-car tandem parking, a private storage locker, and elevator access—amenities that are increasingly difficult to find this close to the beach. Residents of this community also enjoy a courtyard pool, recreation room, on-site laundry, and a fresh exterior repaint already underway to enhance the community's curb appeal. Two-bedroom residences in Cape May Towers do not come often. For buyers seeking an authentic Ocean Beach lifestyle, this is the one! Call to schedule your private showing today.
No exterior & parking available.
Grades K-4 • 0.3 mi
Grades K-4 • 1.1 mi
Grades K-4 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 910 | 999 |
| Lot Size | 17,314 | 84,697.5 |
| Price | $750.0K | $604.2K |
| Price per sq ft | $824 | $618 |
| Built year | 1967 | 1985 |
| HOA | $644.0 | $500 |
| Days on market | 8 | 53 |
Jul 14, 2026
$750,000
Initial Listing
Aug 4, 2021
$645,000
Public Record
Mar 30, 2005
$442,000
Public Record
Mar 31, 2000
$110,000
Public Record