4930 Santa Monica Ave

Ocean Beach is one of San Diego's most beloved and distinctive coastal neighborhoods, prized for its laid-back, bohemian character, walkable village feel, and fierce sense of community identity. Anchored by the historic Ocean Beach Pier and miles of sandy shoreline, the neighborhood draws a steady mix of surfers, longtime locals, and visitors year-round, giving it a vibrancy and staying power that few coastal submarkets can match. At the heart of the neighborhood is Newport Avenue, Ocean Beach's main commercial corridor and the epicenter of its dining and nightlife scene. The strip is lined with a dense, eclectic mix of restaurants, breweries, cocktail bars, coffee shops, and live music venues, along with vintage boutiques, surf shops, and antique stores, creating a true "walk to everything" lifestyle that's increasingly rare in coastal Southern California. Weekly events like the Ocean Beach Farmers Market and a steady calendar of street fairs and community gatherings reinforce the neighborhood's tight knit, small town by the sea atmosphere. Beyond its village charm, Ocean Beach offers outsized convenience, it sits just minutes from Downtown San Diego, San Diego International Airport, and the broader Point Loma and Sunset Cliffs areas, giving residents easy access to employment centers and regional connectivity without sacrificing the quiet, low density feel of a beach town. Combined with California's stringent coastal development restrictions, this has made land in Ocean Beach increasingly scarce and highly sought after, a dynamic that continues to support strong rental demand and long term property values in the submarket.4930 Santa Monica Avenue is a rare opportunity to acquire a stabilized, cash flowing 8 unit apartment asset in one of San Diego's most supply constrained coastal submarkets. The excellent unit mix of seven 2 bed/ 1bath units and one 1 bed/ 1 bath, all larger than the norm for Ocean Beach, supports strong tenant retention and pricing power over time. Recently updated exterior paint, gated access and a shared courtyard round out an asset that requires minimal near term capital. Location is ideal for premium rents, sitting just one block from the beach and one block from the Newport Avenue dining and entertainment corridor, with Ocean Beach Elementary two blocks away and quick connectivity to Downtown San Diego and San Diego International Airport. For an investor seeking durable income backed by irreplaceable dirt, this is a compelling, low volatility hold.