4928 Coronado Ave 9 Unit Apartment Building $5,400,045 CAD ($600,005 CAD/Unit) 3.29% Cap Rate San Diego, CA 92107

Presenting a rare coastal investment opportunity at 4928 Coronado Avenue — a 9-unit residential community ideally situated in the coveted Sunset Cliffs neighborhood of Ocean Beach 92107.
Just one block from the ocean, this well-cared-for property offers effortless beach access, placing residents in the heart of one of San Diego's most energetic and desirable coastal lifestyles. With rents offering meaningful upside, this is an ideal opportunity for investors looking to capitalize on the strong rental demand that this irreplaceable beach location commands.
The property features off-street parking, common laundry facilities, and mature landscaping, providing residents with comfort and convenience in an unbeatable setting. Step outside and enjoy the invigorating salt air, world-class sunsets, and the legendary Ocean Beach vibe — with Newport Avenue's eclectic dining, boutique shops, local events, and endless beach activities all just blocks away. A true lifestyle and value-add opportunity in one of San Diego's most beloved coastal communities. Proudly offered by JP Equity Real Estate.
The current owners have been generous stewards of their tenants, holding rents conservatively averaging 30% below prevailing market rates. One-bedroom units running $1,800–$1,900 against a market of $2,495–$2,595, and two-bedroom units at $2,500–$2,600 against a market of $3,095–$3,195.