Description

Exceptional investment opportunity in the heart of Point Loma, just a short walk to Ocean Beach. This rare 7-unit property offers strong upside potential as a condo conversion project in one of San Diego’s most desirable coastal neighborhoods. Each spacious unit features approximately 1,450 sq ft of living space with 3 bedrooms and 2.5 bathrooms, and six of the seven units include an additional den—ideal for home offices or flex space. All units are two-story layouts, providing a townhouse-style feel that is highly attractive to future buyers. The property is currently fully occupied, with stable tenancy in place, and can be delivered vacant, offering flexibility for investors or developers. While the units are fully livable in their current condition, they present a prime opportunity for renovation—allowing an investor to significantly increase value and create substantial forced equity. A major highlight is the 17 underground garage parking spaces—an uncommon and highly valuable amenity in Point Loma. Situated in a prime, central location with easy access to beaches, dining, and local amenities, this asset combines immediate income with long-term redevelopment potential.