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Presenting a rare coastal investment opportunity at 4928 Coronado Ave. in San Diego: a 9-unit multifamily property IDEALLY LOCATED ONLY 8 LOTS FROM THE BEACH in the coveted Sunset Cliffs neighborhood of Ocean Beach 92107. With rents offering a significant upside, this is an ideal opportunity for investors looking to capitalize on the strong rental demand this irreplaceable beach location commands. The long time owners have been generous stewards of their long time tenants, HOLDING RENTS APPROX. 30% BELOW AVERAGE MARKET RATES. The property has been very well-maintained with upgraded electric throughout, newer lux. vinyl flooring, updated bathrooms, landscaped courtyard, common laundry and on-site parking for each unit. It's a short walk to the Ocean Beach vibe on Newport Avenue with eclectic dining, boutique shops, local events, and endless beach activities. This is a true lifestyle and value-add opportunity in one of San Diego's most beloved coastal communities. Open the DOCUMENTS tab for the MARKETING BROCHURE which offers detailed info on unit features, upgrades and building elements. Proudly offered by JP Equity Real Estate.
Property Type(s):
Commercial
| Last Updated | 5/14/2026 | Year Built | 1970 |
|---|---|---|---|
| Community | 92107 - Ocean Beach | County | San Diego |
Price History
| Prior to May 14, '26 | $3,950,000 |
|---|---|
| May 14, '26 - Today | $3,850,000 |
Additional Details
| APPLIANCES | Dryer, Washer |
|---|---|
| AREA | 92107 - Ocean Beach |
| CONSTRUCTION | Frame, Stucco |
| HEAT | Electric |
| LOT | 7006 acre(s) |
| LOT DESCRIPTION | Landscaped, Level, Rectangular Lot |
| LOT DIMENSIONS | 7006 |
| STORIES | 2 |
| UTILITIES | Cable Connected, Electricity Connected, Natural Gas Available, See Remarks |
Location
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Listed with JP Equity Real Estate Corp
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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