4957 Cape May Avenue
San Diego, CA 92107
$4,295,000
**10 Units, Ocean Beach, 6.05% Proforma CAP** Irreplaceable Coastal Real Estate • 10 Spacious Units, 2 Blocks to the Sand • Located in One of San Diego’s Most Desirable Submarkets • (8) 1Bedroom/1Bathroom + (2) 2Bedroom/1.5Bathroom • Value-Add Opportunity w/ 51% Upside in Rental Income • Onsite Laundry Facility • Ten (10) Off-street Parking Spaces • Select Units Have Balconies • Well Maintained & Clean Property • Walk to the Pier & Everything Ocean Beach Has to Offer
| Listing Id: | 260025757 |
|---|---|
| List Price: | $4,295,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Com-Res Income |
| Status: | Active |
| Bedrooms Total: | 12 |
| Bathrooms Full: | 10 |
| Bathrooms Half: | 2 |
| Living Area: | 7,198 |
| Waterfront?: | No |
| City: | San Diego |
| County Or Parish: | San Diego |
| Postal Code: | 92107 |
| Year Built: | 0 |
| Number Of Units Total: | 10 |
| Basement: | false |
| Bathrooms Total Integer: | 12 |
| Building Area Total: | 7,198.0 |
| Building Area Units: | Sqft |
| Feed Types: | IDX |
| Living Area Units: | Sqft |
| Lot Size Units: | Acres |
| MLS Area Major: | Coastal South |
| Parcel Number: | 448-201-31-00 |
| Photos Change Timestamp: | 2026-10-27T16:56:15Z |
| Special Listing Conditions: | N/K |
| State Or Province: | CA |
| Stories: | 2 |
| Sdmls Area Zip: | OCEAN BEACH (92107) |
| Sdmls Lvt Date: | 2026-10-27 |
| Original List Price: | $4,295,000 |
| Sale Or Rent: | For Sale |
| Sdmls Status Detail: | 0 |
| Sdmls Short Sale: | No |
| Sdmls Internet Address: | 4957 Cape May Avenue |
| Operating Expense: | $95,816 |
| Sdmls Have: | Coastal Value-Add 10-Unit |
| Sdmls Unit Rent1: | 3512 |
| Sdmls Unit Rent2: | 1690 |
| Sdmls Proj Gross Multiplier: | 11.51 |
| Sdmls Proj Operating Expense: | 101903 |
| Sdmls Projected Net Income: | 260043 |
| Sdmls Motive Want: | Sell |
| Gross Scheduled Income: | $246,492 |
| Number Of Buildings: | 1 |
| Sdmls Numof Units1: | 2 |
| Sdmls Numof Units2: | 8 |
| Sdmls Max Search Price: | 4,295,000 |
| Sdmls Price Unit: | 429,500 |
| Sdmls Unit Rent Total1: | 7,024 |
| Sdmls Unit Rent Total2: | 13,517 |
| Sdmls Age: | 1,972 |
| Parking Total: | 10 |
| Sdmls Geo Update Timestamp: | 2026-10-27T16:56:14.9 |
| Sdmls Full Address: | 4957 Cape May Avenue |
| Sdmls Pp Insta: | https://www.propertypanorama.com/instaview/snd/260025757 |
| On Market Date: | 2026-10-27 |
Listing Courtesy of: Apartment Realty Group (ARG)
Listing Agent: Angelo La Bruna
858-247-1095
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© 2026 San Diego MLS.
San Diego MLS data last updated on October 28, 2026 01:14 AM - PT.
Property Last Updated: October 28, 2026 01:14 AM - PT
