5157 59 Muir Ave, San Diego, CA 92107

$1,499,000

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List Price
$1,499,000
Status
ACTIVE
MLS#
260022053SD
Year Built
1953
Lot Size
3,006
Acres
0.07
Days on Market
1
Property Type
Multifamily
Stories
One Level
Neighborhood
Ocean Beach

Property Description

Just one-half block from the beach and directly across from Ocean Beach Dog Beach, 5157-59 Muir Avenue presents a rare opportunity to own a versatile coastal duplex in one of San Diego’s most iconic neighborhoods. Whether you're seeking a strong rental asset, an owner-occupied property with income from the second unit, or a future development opportunity, this property offers multiple paths to maximize its value. Positioned on an RM-2-4 zoned lot, the property offers the potential to build up and capture sweeping Pacific Ocean views, creating the opportunity for an exceptional ocean-view coastal retreat. The existing two-unit configuration provides immediate flexibility and long-term upside for the savvy buyer. The front 1 bedroom, 1 bath cottage is currently operating as a sought-after vacation rental and features a modern kitchen, quartz countertops, stainless appliances, mini-split AC, built-in bedroom storage, and approximately 375 SF of additional front patio space for entertaining, dining al fresco, or an outdoor garden. The rear 2 bedroom, 1 bath residence features an updated kitchen, spacious backyard, and a private view deck with approximately 250 SF outdoor entertaining space and beautiful ocean views. Adding even more value are 2 dedicated parking spaces directly in front of the property, and laundry, a rare convenience in Ocean Beach. From the sand and surf to Newport Avenue’s eclectic shops, restaurants and bars, Voltaire Street, and the beloved Ocean Beach farmers market, the location puts the best of the neighborhood right outside your door.

Additional Information

Heat
Electric, Forced Air, Natural Gas
Cooling
Yes
Cooling Description
Central Air
View
Ocean
Roof
Composition
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$98,606

Listing courtesy of Listing Agent: Katie Herrick (Katie@katieherrickgroup.com) from Listing Office: Compass.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.