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$ 7,700,000
Est. payment /mo
New
4649 Voltaire Street San Diego, CA 92107
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260018709SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
Twin Cypress is an exceptionally well-maintained 18-unit apartment community located in the highly desirable coastal neighborhood of Ocean Beach, San Diego. The gated property features a balanced mix of one- and two-bedroom apartment homes surrounding a large courtyard. Professionally managed by Torrey Pines Property Management for approximately 40 years, Twin Cypress has benefited from consistent ownership and proactive maintenance, including a recently installed fire alarm system with notification devices in each apartment. The property offers spacious, functional floor plans and a straightforward value-add opportunity through cosmetic kitchen and common area upgrades. The current pro forma market rents assumes no significant interior or exterior renovations and no capital expenditures beyond customary unit-turnover costs. Additional improvements to the building exterior and common areas would further enhance the property's appeal and support rental rates above the stated projections. Residents enjoy walkable access to Ocean Beach's eclectic mix of boutique shopping, local cafés, and restaurants, including Pizza Port, Hodad's, Newbreak Coffee and OB Surf Lodge. The property is also walking distance from the iconic Ocean Beach Pier, weekly Farmers Market, and sandy beaches, offering an authentic coastal lifestyle that continues to drive strong renter demand.
Location
State CA
County San Diego
Area 92107 - Ocean Beach
Interior
Fireplace No
Others
Tax ID 4485443100
Listed by Eric Comer Eric D. Comer, Broker #00842230
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