| CREOP

4805 Cape May Avenue is a 20 unit gated apartment community situated on a premier corner lot three blocks from the water in stunning Ocean Beach. Built in 1972, the two story structure totals 14,342 square feet sitting on a 14,000 square foot lot. The building features five 2 bedroom/2 bath units, three 2 bedroom/1 bath units, eleven 1 bedroom /1 bath units & a studio unit. There are nine front-facing, assigned parking spaces and eleven carport stalls. 4805 Cape May has laundry on site and a flat roof with courtyard style "open air" layout. Tenants pay for SDGE & Internet while owner is responsible for water, opening up the possibility of implementing water billback for future owner in addition to the considerable rental upside.

Ocean Beach offers an array of walkable entertainment with shops, restaurants, breweries, beaches and attractions all within distance. What's more, it is close to Point Loma and Sunset Cliffs. Ocean Beach is one of the closest beach communities to Downtown San Diego. It has recently begun a visible transformation with new construction homes, condos, and commercial across the neighborhood. Popular attractions include Newport Avenue, the OB Pier, Dog Beach, Dusty Rhodes Park as well as beach volleyball and surfing.
Ocean Beach opens to the Pacific Ocean at the estuary of the San Diego River and at the western end of Interstate 8. Located about 7 miles northwest of Downtown San Diego, it is located south of Mission Bay and directly north of Point Loma.