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5162 Cape May Avenue
Coastal South San Diego 92107

$1,500,000
2-4 Units 3,497 sq. ft. built: 1935

Exterior Front
Prop. Type:
2-4 Units
MLS® Num:
170031600
Status:
Pending
Year Built:
1935
Beachcomber's paradise - directly on an incredibly wide sandy beach. Two old bungalows and a separate garage. Cottages have no monetary value. The roofs, plumbing & wiring all very old. Property grossly under-utilized. One tenant just moved and the other tenant is month-to-month. Cottages have no intrinsic value but the location is sterling. Detached garage is accessed from paved street on the north end of the property. Estate trust sale not subject to court confirmation.
Total Floor Area:
3,497 sq. ft.
Lot Size:
1-3,999 SF
Number of Buildings:
3
Number of Units:
2
Year Built:
1935
Storeys:
1 Story
Market Area:
Coastal South
Community:
OCEAN BEACH
County:
San Diego
Neighborhood Code:
Ocean Beach Park
Name of Complex/Subdivision:
two old cottages
Home Owner Fees:
0.0
Home Owner Fees Include:
N/K
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Electricity, Hot Water
Projected net operating income:
0
Other income:
0
Annual expense actual:
1000
Cap Rate.:
2.0
Projected Cap Rate.:
6.0
Gross Rent Multiplier:
41.66
Gross scheduled income:
36000
Projected gross scheduled income:
36000
Unit Number for Unit 1:
5162
Finished Area for Unit 1:
396 sq. ft.
Bedrooms for Unit 1:
1
Number of bathrooms for Unit 1:
1
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
1500.0
Total Rent for Unit 1:
1500.0
Total Garage Spaces for Unit 1:
0
Garage for Unit 1:
N/K
Parking for Unit 1:
None Known
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
No
Unit Number for Unit 2:
5162 & 1/2
Finished Area for Unit 2:
396 sq. ft.
Bedrooms for Unit 2:
1
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
0.0
Total Rent for Unit 2:
0.0
Total Garage Spaces for Unit 2:
2
Garage for Unit 2:
Detached
Parking for Unit 2:
None Known
Unit 2 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 2:
No
Number of bathrooms for Unit 3:
0
Total Garage Spaces for Unit 3:
0
Number of bathrooms for Unit 4:
0
Total Garage Spaces for Unit 4:
0
The Gross Rent Multiplier and the Cap Rate are useless on this property due to the condition, size and age of the cottages. With one or two new units constructed, the value will be dramatically increased and so will the Cap Rate. The City records show a construction date of 2000. This is way off. We believe the date is closer to 1935.
Abbott
Site Influences:
Cul-De-Sac, Curbs, Public Street, Street Paved, West of 101
Miscellaneous:
Value in Land
Complex Features:
Beach Rights
Lot Details:
140x25x140x25
Frontage:
140'
Exposure Front:
Ocean/Sand
Exterior Features:
Wood, Other/Remarks
View:
Ocean, Panoramic, Panoramic Ocean
Directions:
Sunset Cliffs Blvd. to West Point Loma Blvd. to Abbott to Cape May Avenue. Property is on the right side at the end of the cul
Cooling:
N/K
Heating:
N/K
Heating fuel:
Other/Remarks
Irrigation:
N/K
Land Use:
R-4
Additional Use:
With Structures
Number of Units with Cooling:
0
Number of Units with Dishwashers:
0
Number of Units with Dryers:
0
Number of Units with Fireplaces:
0
Number of Furnished Units:
0
Number of Units with Garages:
1
Number of Units with Patios:
2
Number of Units with Range/Oven:
2
Number of Units with Refrigerators:
2
Number of Units with Washers:
0
Pool:
N/K
Spa:
N/K
Roof:
Composition, Other/Remarks
RV Parking:
N/K
Sewer Septic:
Sewer Connected
Telecommunications:
Satellite Dish
Water district:
CITY OF SAN DIEGO
Water Heater Type:
Electric
Water supply:
Meter on Property
Security:
N/K
Fencing:
Gate, Partial
Topography:
Level
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
Estate
Terms:
Cash, Conventional
Pets:
Yes
Jurisdiction:
Incorporated
School District:
San Diego Unified, San Dieguito Union High
Parcel Number:
448-023-04-00
  • Photo 1: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    Exterior Front
  • Photo 2: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    View
  • Photo 3: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    Exterior Front
  • Photo 4: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    View
  • Photo 5: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    Exterior Front
  • Photo 6: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    View
  • Photo 7: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    Exterior Front
  • Photo 8: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    Yard
  • Photo 9: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    View
  • Photo 10: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    Bedroom
  • Photo 11: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    Yard
  • Photo 12: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    Exterior Front
  • Photo 13: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    Exterior Front
  • Photo 14: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    Kitchen
  • Photo 15: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    Exterior Front
  • Photo 16: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    Exterior Front
  • Photo 17: OCEAN BEACH Property for sale: 5162 Cape May Avenue in San Diego
    Exterior Front
Larger map options:
Coldwell Banker Res. Brokerage
Listing information last updated on March 29, 2018 at 04:35 AM (UTC)

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