Back to Search
Mixed-Use Property in Opportunity Zone

3651-55 Ocean View Boulevard San Diego, CA 92113

Claim this Listing
For Sale
$795,000

Five-unit mixed-use property with redevelopment potential in San Diego.

Type:Commercial Sale / Mixed Use
Property size:
3,450 SF
Lot size:
0.15 Acres
Price / SF:
$230/SF
Added:
Feb 22, 2026
Days on Market:
140
Last Refresh:
Jul 5 at 12:31 pm

Property Features for 3651-55 Ocean View Boulevard

General Information

Standard status
Active
Size
3,450 SF
Lot size
0.15 Acres
Property subtype
Commercial Sale / Mixed Use

Building Details

Year Built
1926

Listing office The Browar Group

Listing date Feb 22, 2026

Source Compass

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of The Browar Group


Investment Insights

Based on property information with market context.

The property at 3651-55 Ocean View Blvd is a 5-unit mixed-use property totaling approximately 3,450 square feet, situated on a 6,752 square foot lot. Constructed in 1926, the property features two 1-bedroom, 1-bathroom units, each approximately 660 square feet, and three retail units totaling approximately 2,130 square feet. Located in an Opportunity Zone, the property offers a renovation or redevelopment opportunity. The building previously sustained fire damage, and the seller has rebuild plans available. A buyer may also have the opportunity to renovate or reposition the asset to their own vision. The RS-1-7 zoning may make the property attractive for a buyer looking to convert the asset to fully residential use. Seller will consider fair and reasonable seller financing.

Key Highlights

  • Mixed‑use property with two residential units and three retail units.
  • Opportunity Zone location offers potential tax benefits and investment incentives.
  • Redevelopment or renovation potential due to fire damage, with rebuild plans available.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $115.9k $33.60
− Vacancy −$9.3k −$2.69
EGI $106.6k $30.91
− OpEx −$40.0k −$11.59
NOI $66.7k $19.32
3,450 SF · lease $33.60/SF/yr · vacancy 8.00% · expense 37.50%

Alternative Uses

Best Use
Retail
$1.19M
$1.04M – $1.39M (±1% cap)
NOI $83,280 @ 7.0% cap · market cap 10.48%
Second Best
Mixed Use
$952.2K
$833.2K – $1.11M (±1% cap)
NOI $66,654 @ 7.0% cap · market cap 8.38%
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.59M (±1% cap)
NOI $95,386 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Real Estate Agency Law Firm Dental Office Parking Lot & Garage Accounting Firm HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Skin Care Clinic Acupuncture

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

FAQs

What type of property is this?
Mixed-use property - Five-unit mixed-use property with redevelopment potential in San Diego.
Where is this mixed-use property located?
The property is located at 3651-55 Ocean View Boulevard San Diego, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Mixed‑use property with two residential units and three retail units.; Opportunity Zone location offers potential tax benefits and investment incentives.; Redevelopment or renovation potential due to fire damage, with rebuild plans available.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message