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4956-4964 Santa Cruz Ave
San Diego, CA 92107

$3,325,000 USD

Apartments For Sale  •  5,125 SF

Property Details

• Property Type Apartments
• Total Building Size 5,125 SF
• Lot Size 0.24 AC
• Building Class C
• Year Built 1947
• Cap Rate 3.10 %
• Zoning RM-2-4

34 Transit Score

86 Walk Score

Highlights

1 Block from Idyllic Santa Cruz Cove Beach!

Walk to Best OB Retail/Dining/Shops on/near Newport Avenue (4 Blocks) and OB Pier (4 Blocks)

Large Lot (1.5 x the norm for the area). Mostly cottage-style units with generous outdoor areas

Beautiful Front Lawn and Tasteful Perimeter Landscaping

Separately Metered for Gas & Electricity, On City Trash

Significant Upside via Modernization and/or new ADU Construction/Conversion Options

Financial Summary (Actual)

Net Operating Income: $97,874 USD (2024)

Cap Rate:	3.10 %
Total Expenses:	$82,654 USD

Amenities

• 24 Hour Access
• Laundry Facilities
• Storage Space
• Tub/Shower
• Yard
• Garden
• Patio
• Walk-Up

Public Transportation

Commuter Rail	Drive	Walk	Distance
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	9 min	-	4.8 mi
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	12 min	-	7.0 mi
Airport	Drive	Walk	Distance
San Diego International	11 min	-	5.8 mi