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    Duplex Property with Owner-User Flexibility Title is generated by Realmo AI

    3836-38 Udall St, Ocean Beach, CA 92107

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    Claim this Listing
    New
    For Sale
    $1,395,000

    MULTI_FAMILY - Ocean Beach, CA

    Property size:
    1,440 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $968/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 3836-38 Udall St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Standard status
    Active
    APN
    449-471-10-00
    Size
    1,440 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1952
    Floors in Building
    1
    Number of units
    2
    Roof type
    Composition

    We can help!

    Listing Contact
    Lanz Correia
    Lanz Correia

    Listing agent Lanz Correia License #01883404

    Listing office Coldwell Banker West 1851 Cable Street, Chula Vista, CA

    Listing date Jun 2, 2026

    MLS# 260013380 Listing URL

    Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Well‑maintained duplex built in 1952 with forced air heating and central AC
    • Two‑car garage plus newer dual‑pane windows and AC installed under the Quieter Home Program
    • Both units are currently leased on a month‑to‑month basis
    • Rooms include 4 bedrooms and 2 bathrooms across the duplex layout
    • Garage conversion potential for additional living space or a potential ADU, subject to buyer verification
    • May be purchased together with adjacent property MLS #260013381 for a larger assemblage opportunity

    Overview

    This well-maintained duplex offers a flexible income-and-living setup with two spacious units currently leased on a month-to-month basis. The property includes a two-car garage and benefits from improvements associated with the Quieter Home Program, including newer dual-pane windows and air conditioning already installed. The garage may present an opportunity for conversion to additional living space or a potential ADU, subject to buyer verification. For buyers looking at larger upside, the property may also be purchased together with the adjacent property identified as MLS #260013381 to create the potential for a larger assemblage and expanded redevelopment possibilities.

    Located in the Ocean Beach/Point Loma area of San Diego, the home is positioned just minutes from Ocean Beach and Point Loma, as well as beaches, restaurants, shopping, schools, and major transportation routes. The combination of immediate usability and longer-term potential is supported by the availability of an attached zoning and development analysis, which buyers are encouraged to review and use to verify future use options.

    The current configuration and month-to-month leasing make the property a practical fit for an owner-user seeking rental income while retaining flexibility. Investors may value the existing tenant occupancy and the potential to enhance the layout over time through garage conversion possibilities. Developers and assemblage buyers can consider the site’s stated redevelopment potential, with the option to evaluate how it fits into a larger acquisition plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Beach
    County
    San Diego
    State
    California
    Longitude
    -117.2313308
    Latitude
    32.7409151

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with leased, month-to-month units, dual-pane windows, and AC, plus a two-car garage for expansion.
    Where is this duplex located?
    The property is located at 3836-38 Udall St Ocean Beach, CA.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: Well‑maintained duplex built in 1952 with forced air heating and central AC; Two‑car garage plus newer dual‑pane windows and AC installed under the Quieter Home Program; Both units are currently leased on a month‑to‑month basis
    (619) 564-6355
    We can help!
    Listing Contact
    Lanz Correia
    Lanz Correia
    Real Estate License ID: 01883404
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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