Ocean Beach Real Estate Search

Ocean Beach Properties for Sale

As its name suggests, Ocean Beach is an oceanfront community of the city of San Diego, located about eight miles north of downtown on the northern part of a peninsula jutting out into the Pacific Ocean. Ocean Beach is situated south of Mission Bay and Mission Beach, north of Point Loma and northwest of downtown.

The community was given its name in 1887 by two developers who started a real estate firm in order to develop the community, building the Cliff House resort and hotel and subdividing the area into a number of different lots. But the development didn't take off, and it didn't begin to develop again until later in the 20th century. The community wasn't easily linked to the rest of San Diego until 1967, when Interstate-8 was constructed.

The community is just minutes from the San Diego International Airport as well as from various Navy and other military installations. It's just south of Mission Bay Park, which is the largest man-made water park in the country at more than 4,000 acres and includes San Diego Sea World, with 27 miles of shoreline. It also has its own oceanfront park in the Ocean Beach Athletic Arena and Robb Field. Other entertainment venues include Ocean Beach Recreation Center and Dusty Rhodes Park. Annual events held in Ocean Beach include the Ocean Beach Street Fair and Chili Cookoff in June, a jazz festival in September, the Ocean Beach Christmas Parade in December and the Ocean Beach Kite Festival in March. Every week on Wednesday, two blocks of Newport Avenue are closed to vehicular traffic for a weekly farmers market. Constructed in 1966, the Ocean Beach Municipal Pier, which features a restaurant and a bait shop, is the longest concrete pier on the West Coast. In addition, most of the mile-long beach in Ocean Beach has a concrete walkway running its length, making for a nice path for running or taking oceanfront sunset walks.

The community's commercial activity is centered around Newport Avenue, which has a number of antique shops, restaurants, cafes, bar, surfing shops, an international youth hostel and specialty and gift stores. Three school serve the Ocean Beach youth community: Ocean Beach Elementary, a public school serving grades kindergarten through fourth grade, Sacred Heart Academy, a Catholic kindergarten through eighth grade school, and Warren-Walker, a private  kindergarten through eighth grade school. The community also has its own post office, a public library and a vegetarian co-op.

Ocean Beach Real Estate Articles, Relocation & News Information 
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Newest Ocean Beach Properties for Sale

$1,650,000
PTP2301224 MLS ACTIVE Status
Marketing package attached. Rarely available, APPROVED development site in the highly sought-after coastal San Diego markets of Ocean Beach/Point Loma. This sloped, 9,575 SF lot has been fully entitled and approved to build 11 new units (10 market / 1 affordable) with current plans consisting of 3 floors above a basement, 2nd floor parking garage, and future-proofed to allow physical space and electrical capacity for solar panels and EV charger infrastructure. The proposed unit mix consists of (2) 3bed+2bath, (4) 2bed+2bath, (4) 1bed+1bath, and (1) affordable 1bed+1bath units, averaging over 900 SF each, for a combined estimated total of 10,007 rentable SF. The upper units will feature W / NW views, some with balconies. The 2nd-floor parking garage will feature (10) car, (2) motorcycle, (5) bicycle parking spaces. The building has been designed with acoustical sound-reducing considerations to limit adjacent airport noise. The Seller is in the process of extending the existing Building permit, and grading permit is currently active, for Buyers use, and will facilitate a transfer of all approved plans, permits, and associated documents to Buyer. Buyer will need to assume the cost of permit and impact fees. Recent sales comps of like-kind new construction suggest an average new valuation of roughly $700K+/unit, with an average in-place cap rate of sub-4%. In fact, the most relevant comp, Nimitz Crossing, located at 3909 Voltaire St about .5 miles from the subject site, is 36 units built in 2020, and which sold in June 2022 for $833K/unit, $923/SF, and with an in-place cap rate

4268 Whittier St, Ocean Beach (OB)

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