Unlike anything else available on the market, 4637 Del Mar Ave is the premium South Ocean Beach development opportunity you dream about! This rare, south-facing 10,500s.f. ocean-view lot with pool offers Owners/Users/Investors and Developers a massive opportunity with an existing fully renovated home AND being sold with fully approved, Ready-to-Issue (RTI) plans to build 12 additional ADU’s. Buyers can pull permits and start construction with no further city permit approvals needed - just the issuance fees - to transform this single-family residence into a lucrative 13-unit income powerhouse. The existing fully remodeled home is perched high on the hill with views of the ocean to the south and west and is currently cash-flowing as a short term rental. Filled with coastal character, it offers 3-beds, 2-baths plus an oversized optional 4th bedroom off one of the two rear decks with coastal views. The home features a sparkling kitchen with stainless steel appliances and tasteful backsplash, crystal clear dual pane windows, full-size laundry room, mini-split AC/heating units throughout for maximum comfort/efficiency, modern bathrooms and large primary suite with a walk-in closet and direct access to one of the viewing decks. Oh, and don’t forget about the pool for fun in the sun without having to go to the beach! The fully approved, ready-to-issue plans are for 12 additional 1BR/1BA 435s.f. ADU units to be built on the back portion of the property, for 5,220s.f. of new living area composed of 6 duplex structures. These plans include space for approximately 4-5 dedicated parking spaces off the alley as well. This is the ultimate development or 1031 opportunity to bring additional housing units to one of San Diego’s most desirable neighborhoods where space is at a premium. Just minutes to iconic Sunset Cliffs, the OB Pier, and Liberty Station - do not let this premium coastal development property slip away!
Listing courtesy of Listing Agent: Adam Renick (adam.renick@gmail.com) from Listing Office: Coldwell Banker West.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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