Listing ID: 220011978
Price: $15,250,000
Status: ACTIVE
Address: 5115 Saratoga
City: San Diego
State: California
Postal Code: 92107
County: San Diego
San Diego
CA
92107
Ocean Beach Villas is a 10-unit luxury beach-front community located steps from the sand in the eclectic beach town of Ocean Beach, San Diego. Completed in 2015, Ocean Beach Villas were built as luxury ocean view condominiums with two and three-bedroom floor plans averaging nearly 1,400 SF. The units feature open floor plans, 9-foot ceilings, large terraces and upscale, condo-quality finishes. Bi-fold doors in every unit provide up to 17-feet of unobstructed ocean views, blurring the lines between indoor and outdoor living. The stepped-back design of the terraces allows all the units to have equally good views, while preserving privacy. Ocean Beach Villas offers investors the flexibility to operate the property as a luxury apartment community or sell the units as individual condominiums. The property has historically operated as a short term/Airbnb property, offering another successful investment strategy. Ocean Beach Villa’s modern architecture and design, unmatched ocean views, and immediate for-sale exit strategy offers a rare opportunity to capitalize on today’s favorable residential housing market fundamentals.

Primary Features

County: San Diego
Property Type: Commercial-Residential Income

Interior

Cooling: Central Forced Air Elec
Floor Covering: Hardwood, Vinyl
Heating: Central Forced Air Elec
Number of Baths (1): 2.5
Number of Baths (2): 3
Number of Bedrooms (1): 2
Number of Bedrooms (2): 3
SqFt of Improvement: 14068
SqFt Source: Owner
Unit Type: Apartment

External

Construction: Frame, Stucco
Entry Only: No
Number of Units: 10
Number of Units (1): 3
Number of Units (2): 7
Parking: Garages

Location

Country: United States
Market Area: Coastal South
Zip/Area: OCEAN BEACH (92107)

Additional

Amenities: Elevator
Class: COMMERCIAL-RES INCOME
Have: 10 Units
Mandatory Remarks: None Known

Financial

Financial Info Source: Owner
Price/Unit: 1525000
Sale/Rent: For Sale
Sales Restrictions: N/K

Zoning Info


Area Info


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Listing courtesy of Eric D. Comer, Broker

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