4912 Cape May Ave #16, San Diego, CA — $1,875,000

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About this home

Pleased to offer for sale the Cape May Cottages at 4912-16 Cape May Avenue in Ocean Beach, a four-unit multifamily property (4-on-1), located just 2.5 blocks from the beach, and 4 blocks from the main retail artery along Newport Avenue. The property features a 2br/1ba house in front (appx. 1,200 SF), and three small 1br/1ba cottages (+/-410 SF), as well as two (2) garages, and room for one surface space off of the alley. This is a true diamond in the rough with significant value add potential, held by the same family for +/-100 years! Mainly original interiors. Excellent lot with loads of potential for adding more rentable building area, and/or modernizing the existing units, with strong possibilities for accelerating revenue growth via short term (vacation) rental operations in the near-term.

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk

📋 Assessed value$112,721

💵 Annual tax$1,957

🏫 School districtSan Diego City Unified School District

MLS #230021272SD

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone

🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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VA loan (no PMI)

Estimated total monthly payment

$11,747

Principal & interest$9,481

Property tax$1,719

Home insurance$547

Down payment: $375,000Loan: $1,500,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.