5039-45 Long Branch Ave
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5039-45 Long Branch Ave
4 Unit Apartment Building $2,195,000 ($548,750/Unit) San Diego, CA 92107
Investment Highlights
- Irreplaceable Ocean Beach Location Two Blocks to the Ocean
- Upgraded Units, Four Off-Street Parking Spaces, On-Site Laundry
- Steps to Dining, Shopping and Entertainment
- Desirable Unit Mix of Large ~800SF Two Bed/1 Bath Units
- Common Area Courtyard, Patios on Select Units
- Opportunity to Buy Adjacent Property at 5047-49 Long Branch Avenue
Executive Summary
We are proud to present 5039-45 Long Branch Avenue, a rare opportunity to acquire four large ~800 sf two bed/ one bath units situated just a short two-block stroll from the shoreline in Ocean Beach. Located on a 4,131 square foot lot, the property features updated units, a gated common area courtyard, patios in select units, four off-street parking spaces and on-site laundry. The adjacent fourplex at 5047-49 Long Branch Ave is also for sale (all 2bed/1bath units), separate parcel number 448-114-08-00, contact listing agent for details.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$130,200
|
$40.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,906
|
$1.22
|
| Effective Gross Income |
$126,294
|
$39.47
|
| Taxes |
$26,935
|
$8.42
|
| Operating Expenses |
$22,936
|
$7.17
|
| Total Expenses |
$49,871
|
$15.58
|
| Net Operating Income |
$76,423
|
$23.88
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $130,200 |
| Annual Per SF | $40.69 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,906 |
| Annual Per SF | $1.22 |
| Effective Gross Income | |
|---|---|
| Annual | $126,294 |
| Annual Per SF | $39.47 |
| Taxes | |
|---|---|
| Annual | $26,935 |
| Annual Per SF | $8.42 |
| Operating Expenses | |
|---|---|
| Annual | $22,936 |
| Annual Per SF | $7.17 |
| Total Expenses | |
|---|---|
| Annual | $49,871 |
| Annual Per SF | $15.58 |
| Net Operating Income | |
|---|---|
| Annual | $76,423 |
| Annual Per SF | $23.88 |
Property Facts
| Price | $2,195,000 | Building Class | C |
| Price Per Unit | $548,750 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 3,200 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Low Rise | Parking Ratio | 1.25/1,000 SF |
| Price | $2,195,000 |
| Price Per Unit | $548,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.25/1,000 SF |
Unit Amenities
- Balcony
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,675 | 800 |
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Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 448-114-09 | Total Assessment | $1,524,910 (2024) |
| Land Assessment | $1,227,069 (2024) | Annual Taxes | $26,935 ($8.42/SF) |
| Improvements Assessment | $297,841 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
448-114-09
Land Assessment
$1,227,069 (2024)
Improvements Assessment
$297,841 (2024)
Total Assessment
$1,524,910 (2024)
Annual Taxes
$26,935 ($8.42/SF)
Tax Year
2023
zoning
| Zoning Code | MR2-4 |
| MR2-4 |
-
Chris Sarver -
ACRE Investment Real Estate
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5039-45 Long Branch Ave
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