5039-45 Long Branch Ave
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5039-45 Long Branch Ave
4 Unit Apartment Building $3,083,273 CAD ($770,818 CAD/Unit) San Diego, CA 92107
Investment Highlights
- Irreplaceable Ocean Beach Location Two Blocks to the Ocean
- Upgraded Units, Four Off-Street Parking Spaces, On-Site Laundry
- Steps to Dining, Shopping and Entertainment
- Desirable Unit Mix of Large ~800SF Two Bed/1 Bath Units
- Common Area Courtyard, Patios on Select Units
- Opportunity to Buy Adjacent Property at 5047-49 Long Branch Avenue
Executive Summary
We are proud to present 5039-45 Long Branch Avenue, a rare opportunity to acquire four large ~800 sf two bed/ one bath units situated just a short two-block stroll from the shoreline in Ocean Beach. Located on a 4,131 square foot lot, the property features updated units, a gated common area courtyard, patios in select units, four off-street parking spaces and on-site laundry. The adjacent fourplex at 5047-49 Long Branch Ave is also for sale (all 2bed/1bath units), separate parcel number 448-114-08-00, contact listing agent for details.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$182,889
|
$57.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,487
|
$1.71
|
| Effective Gross Income |
$177,403
|
$55.44
|
| Taxes |
$37,835
|
$11.82
|
| Operating Expenses |
$32,218
|
$10.07
|
| Total Expenses |
$70,053
|
$21.89
|
| Net Operating Income |
$107,350
|
$33.55
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $182,889 |
| Annual Per SF | $57.15 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,487 |
| Annual Per SF | $1.71 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $177,403 |
| Annual Per SF | $55.44 |
| Taxes (CAD) | |
|---|---|
| Annual | $37,835 |
| Annual Per SF | $11.82 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $32,218 |
| Annual Per SF | $10.07 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $70,053 |
| Annual Per SF | $21.89 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $107,350 |
| Annual Per SF | $33.55 |
Property Facts
| Price | $3,083,273 CAD | Building Class | C |
| Price Per Unit | $770,818 CAD | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 3,200 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Low Rise | Parking Ratio | 1.25/1,000 SF |
| Price | $3,083,273 CAD |
| Price Per Unit | $770,818 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.25/1,000 SF |
Unit Amenities
- Balcony
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $3,758 CAD | 800 |
1 of 1
Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 448-114-09 | Total Assessment | $2,142,011 CAD (2024) |
| Land Assessment | $1,723,639 CAD (2024) | Annual Taxes | $37,835 CAD ($11.82 CAD/SF) |
| Improvements Assessment | $418,371 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
448-114-09
Land Assessment
$1,723,639 CAD (2024)
Improvements Assessment
$418,371 CAD (2024)
Total Assessment
$2,142,011 CAD (2024)
Annual Taxes
$37,835 CAD ($11.82 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | MR2-4 |
| MR2-4 |
-
Chris Sarver -
ACRE Investment Real Estate
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5039-45 Long Branch Ave
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