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4337-39 Mentone Street

San Diego, CA 92107
  • $2,488,000
  • STATUS: ACTIVE
  • ON SITE: 166 Days
  • ID#: 240017838
UPDATED: 76 min ago
$2,488,000
  • 7
    BEDS
  • 0.14
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 3,300
    SQFT
  • $754
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

Description

A remarkable and rare opportunity to own two distinct income producing properties on a spacious 6255 SF lot perched on top of Mentone Street in Ocean Beach, this property offers a premium location, the ultimate coastal lifestyle close to breathtaking Sunset Cliffs. Front: The single level spacious 2 bedroom, one bath with an attached garage and additional parking in driveway, built in 1950. The back units built in 1976 are two townhomes, each 2 large bedrooms, 11/2 baths and decks, as well as a one story studio with a separate bedroom and shower. Quality construction with copper plumbing and newer units are Redwood framed. Replacement windows. This property has not been offered since 1973. This Ocean Beach gem is perfect for investors looking for a multi income stream, multi-generational living or anyone who wants to experience the quintessential Southern California Beach Lifestyle.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/153131130
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4337-39 Mentone Street San Diego, CA 92107

  • Price: $2,488,000
  • Status: ACTIVE
  • On Site: 166 Days
  • Updated: 76 min ago
  • ID#: 240017838
7
Beds
3
Baths
0
½ Baths
0.14
Acres
3,300
SQFT
$754
$/SQFT
1950
Built
Neighborhood:
Loma Alta 2
County:
San Diego
Area:
Ocean Beach (92107)
Elementary School:
San Diego Unified School District
Middle School:
San Diego Unified School District
High School:
San Diego Unified School District
Property Description
A remarkable and rare opportunity to own two distinct income producing properties on a spacious 6255 SF lot perched on top of Mentone Street in Ocean Beach, this property offers a premium location, the ultimate coastal lifestyle close to breathtaking Sunset Cliffs. Front: The single level spacious 2 bedroom, one bath with an attached garage and additional parking in driveway, built in 1950. The back units built in 1976 are two townhomes, each 2 large bedrooms, 11/2 baths and decks, as well as a one story studio with a separate bedroom and shower. Quality construction with copper plumbing and newer units are Redwood framed. Replacement windows. This property has not been offered since 1973. This Ocean Beach gem is perfect for investors looking for a multi income stream, multi-generational living or anyone who wants to experience the quintessential Southern California Beach Lifestyle.
Exterior Features

Exterior Stucco Fencing GatePartial Frontage N/K Frontage Dimensions In Feet 50 Irrigation Other/Remarks Lot Dimensions Approx 125X50 Parking Garage Desc Unit1 AssignedAttached Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit1 1 Parking Non Garage Desc Unit1 Assigned Parking Non Garage Desc Unit2 Uncovered Parking Non Garage Desc Unit3 Uncovered Parking Non Garage Desc Unit4 Uncovered Pool N/K Pool Heat None Known Roof Composition Site Alley AccessCurbsSidewalksStreet Paved Spa N/K Spa Heat None Known Topography Slope Gentle Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 4 View Evening Lights

Interior Features

Cooling Other/Remarks Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 1 Half Baths Unit3 1 Half Baths Unit4 1 Heat Equipment Other/Remarks Heat Source Other/Remarks Stories Other/Remarks Total Baths Unit1 1 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 4 Units With Dishwashers 3 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0 Water Heater Type Other/Remarks

Property Features

Actual Cap Rate 3.8 Age Restrictions N/K Annual Expense Actual 14320 Annual Expense Projected 14320 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community OCEAN BEACH Complex Features Laundry Facilities Complex Park NA Cross Streets Niemitz Gross Rent Multiplier Actual 0.0 Gross Rent Multiplier Project 20.0 Gross Scheduled Income Actual 108300 Gross Scheduled Income Project 122400 Home Owners Assoc Fee Includes Common Area MaintenanceExterior (Landscaping)Exterior Bldg MaintenanceLimited InsuranceRoof MaintenanceSewerTrash PickupWater Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Net Operating Income Projected 108080 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Possession Other/Remarks Projected Cap Rate 4.3 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Other/Remarks Tenant Pays Electricity Terms Seller May Carry Unit Number For Unit1 One Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Deposit 3500 Unit1 Occupied Tenant Unit1 Projected Rent 3600.0 Unit1 Rent Actual 3520.0 Unit2 Deposit 2300 Unit2 Occupied Tenant Unit2 Projected Rent 2750.0 Unit2 Rent Actual 2300.0 Unit3 Deposit 2400 Unit3 Occupied Tenant Unit3 Projected Rent 2750 Unit3 Rent Actual 2400.0 Unit4 Deposit 825 Unit4 Occupied Tenant Unit4 Projected Rent 1100 Unit4 Rent Actual 825.0 Vacation Rental By Owner No Water Meter on Property Water District CITY OF SAN DIEGO

San Diego MLS logo Listing provided courtesy of Karin Gentry of Coldwell Banker Realty: 858-229-8335. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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San Diego CA, 92110