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Mary Ann Chanthala

maryann@thechanthalagroup.com +1(619) 865-6032

$ 3,599,000

Est. payment -/mo

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5153 5155 Muir AVE San Diego, CA 92107

6,163 Sqft Lot

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2607108

HOA Y/N No

Year Built 1975

Lot Size 6,163 Sqft

Property Description

RARE OCEAN BEACH INVESTMENT OPPORTUNITY — TWO DETACHED RESIDENCES JUST STEPS FROM THE SAND WITH PRIOR CITY APPROVAL FOR CONDOMINIUM CONVERSION. An extraordinary opportunity in prime Ocean Beach, this unique property features two substantial detached residences on one coastal parcel, offering an exceptional combination of income potential, multigenerational living, luxury beachside use and potential future separate-sale strategy. Of particular interest to investors and developers, the City of San Diego previously approved a Coastal Development Permit and Tentative Map Waiver for the conversion of the two existing residences into two condominiums. Buyer to independently investigate the current status of those approvals and requirements for reestablishing, extending or pursuing any condominium conversion, subdivision or separate-sale strategy. The property sits 1/2 block from the sand and offers approximately 6,165 sq. ft. of land plus an additional approximate 3,000 sq. ft. easement, along with exceptional parking rarely found this close to the beach. The front residence is a beautifully maintained Craftsman-style 3-bedroom, 2-bath home (plus 1000sqft attic not included in sqft) featuring wood floors, quartzite countertops, an expansive finished attic providing valuable bonus space, a gated front yard, covered porch, turf lawn and outdoor entertaining area. The detached rear residence is an impressive 3-bedroom, 3.5-bath townhome positioned above extensive garage and parking space. Enjoy sweeping whitewater ocean and Mission Bay Channel views, sunsets, passing boats and coastal scenery from the upper residence. Additional features include solar, a powered vehicle gate, outdoor shower, multiple garages, carport and substantial off-street parking. Hold both residences as a premier coastal income property. Occupy one and lease the other. Create a private multigenerational beach compound. Or investigate the property's previous conversion path and potential future individual disposition of the residences. Opportunities combining TWO DETACHED HOMES, significant parking, ocean views, substantial land and documented prior condominium-conversion approvals are exceptionally difficult to replicate this close to the Pacific Ocean. Buyer to verify all square footage, easements, zoning, permits, development rights, condominium-conversion status, subdivision potential and separate-sale possibilities with the City of San Diego and other applicable agencies.

Location

State CA

County San Diego

Area 92107 - Ocean Beach

Zoning R4; Multiple residential

Interior

Inclusions Some furnishings may be sold with the properties

Fireplace No

Laundry Laundry Room

Exterior

Garage Spaces 4.0

Carport Spaces 1

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks

View Y/N No

Total Parking Spaces 9

Private Pool No

Building

Lot Description Street Level, Walkstreet

Story 2

Others

Senior Community No

Tax ID 4480430900

Acceptable Financing Cash, Conventional, Cal Vet Loan, VA Loan

Listing Terms Cash, Conventional, Cal Vet Loan, VA Loan

Special Listing Condition Standard

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Listed by Tabitha Andrew San Diego's Finest Properties tabitha@sdfinestproperties.com, DRE #01459462

NEARBY SCHOOLS & PROPERTIES

Mary Ann Chanthala

Agent License ID: 01781727

+1(619) 865-6032

Mary Ann Chanthala

5153 5155 Muir AVE San Diego, CA 92107

Key Details

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Interior

Exterior

Building

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NEARBY SCHOOLS & PROPERTIES

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5153 5155 Muir AVE