5058-5072 Cape May Ave, San Diego, CA 92107

Studio-- baths1,200 sqft Edit

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Sold: $2,800,000
Sold on 03/13/14
Zestimate®: $742,815
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My Notes

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Trophy property just 1-1/2 blocks to the sand in beautiful Ocean Beach. Oversized 14,000sf lot with a great mix of units. 6-1br/1ba, 2-2br/1ba, 1-3br/1ba and 1-4br/1.75ba and 8 garages. There may be room to create more garages too! Owner has done many improvements and upgrades over the last couple of years so these units are clean. Stable tenant history with great income. It is rare to see such a nice complex so close to the beach. Tenants flock to the location! Come to Ocean Beach to see how much you can get for your money here! There's just no comparison!!!

Facts

  • Lot: 0.32 acres
  • Multi Family
  • Built in 1951
  • Views: 6,417 all time views
  • Cooling: None
  • Last sold: Mar 2014 for $2,800,000
  • Last sale price/sqft: $2,333

Features

  • Flooring: Carpet
  • Parking: Garage - Detached, On street

    Additional Features

    • courtyard setting
    • 8 Garages
    • great condition
    • one block to the beach

    Construction

    • Exterior material: Other
    • Roof type: Composition
    • Stories: 1

    Other

    • Floor size: 1,200 sqft
    • Zillow Home ID: 2145900265

    Zestimate Details

    Zestimate
    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    $742,815
    +$43,204 Last 30 days
    $669K
    $825K
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $2,309/mo
    +$57 Last 30 days
    $1.5K
    $3.7K
    Zestimate range

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    Popularity on Zillow

    If this home is listed on Zillow, it will reach the largest real estate network on the web.*
    6,417 all-time views
    of this home (chart)
    28 forecasted views of this home
    in the first 7 days after listing for sale
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    Comparable Homes

    Homes like this sold for $535-846K.

    $470K
    $920K

    Mortgages

    Neighborhood: Ocean Beach

    Zillow predicts Ocean Beach home values will increase 1.5% next year, compared to a 3.5% increase for San Diego as a whole. Among Ocean Beach homes, this home is valued 21.1% more than the midpoint (median) home, and is valued 294.8% more per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In Ocean Beach, the number of foreclosures waiting to be sold is 57.4% lower than in San Diego, and 81% less than the national average. This lower local number could help Ocean Beach home values rise more quickly than other regions in San Diego.

    Learn more about forecast calculations or Ocean Beach home values.
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    Nearby

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      Other Units in this Building (1)ZestimateBedsBathsSqft
      N/A$2M1515--

      Nearby Schools in San Diego

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org