Ocean Beach Collective 4 Properties Offered at $20,059,154 CAD in San Diego, CA

The Totah Group of Marcus & Millichap is pleased to present a rare four-parcel mixed-use investment in the heart of Ocean Beach encompassing ±7,360 square feet of existing retail building(s) on ±25,797 square feet of land, the property is prominently located at the corner of Bacon Street and Niagara Avenue, just a half-block from the beach and the iconic Ocean Beach Pier.
The portfolio consists of three buildings with a long legacy as a community hub, most notably anchored by La Doña, Ocean Beach’s top-ranked Mexican restaurant. The Bacon Street building, originally built in 1966, underwent a full remodel in 2019, while the Niagara building, built in the 1970s, has remained a cornerstone of the neighborhood’s commercial corridor. Today, the portfolio is 100% leased to a curated mix of local operators and a parking lot managed by LAZ Parking, ensuring reliable in-place income.
Beyond the stable cash flow, the site carries meaningful long-term future development potential under its CC-4-2 zoning. Preliminary underwriting and density calculations support the ability to deliver 47 total units, comprised of 29 residential units (26 market-rate and 3 very-low-income under the density bonus program) and 18 live/work lofts, alongside ±3,250 square feet of commercial retail/restaurant space. A structured parking garage of up to 61 stalls could support the program, yielding an estimated ±70,000 square feet of buildable area above one level of subterranean parking.
Situated at the epicenter of Ocean Beach’s vibrant restaurant, bar, and retail scene, the property benefits from exceptional foot traffic, year-round tourism, and strong neighborhood loyalty. With the Ocean Beach Pier slated for a major redevelopment, this property is positioned to directly benefit from enhanced visibility, activity, and demand in the years ahead. This is a once-in-a-generation opportunity to acquire a legacy Ocean Beach asset that blends durable income today with transformative upside tomorrow.