4912 W. Point Loma Blvd. San Diego, CA 92107


Ocean Beach – An eight (8) unit apartment property at 4912 W. Point Loma Boulevard (“Property”) has just sold to a North County-based limited partnership, for Four Million One Hundred Thousand Dollars ($4,100,000.0).  This marks the first and only 5+ unit multifamily property in Ocean Beach to have sold this year.

The Property is uniquely well-positioned adjacent to Robb Field, just 3.5 blocks from the beach, with bay views and private patios at select units.  The unit mix consists of: three (3) one-bedroom/one-bathroom units; four (4) two-bedroom/two-bathroom units; and one (1) two-bedroom/two-bathroom + den.  There are six (6) surface off-street parking spaces plus two (2) garage spaces, and a laundry room on-site.

Joe Burrough of Palma Commercial had the exclusive right to market the property for sale, ultimately representing both Buyer and Seller in the transaction, which included a seller financing component.

Agent(s) Involved: Joseph Burrough; Caitlyn de Wit
Agency/Representation: Seller; Buyer

Transaction Details

Status: Closed
COE Date: 6/1/2023
Price: $4,100,000
Units: 8
Year Built: 1973
Bldg. Size: 6,744 SF
Lot Size: 8,214 SF
Price/Unit: $512,500
Price/SF of RBA: $608
Price/SF of GLA: $499