Mixed-Use Property in Opportunity Zone

55 Ocean View Blvd San Diego, CA 92113

Claim this Listing
For Sale
$795,000

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

Type:Commercial
Property size:
3,450 SF
Lot size:
0.16 Acres
Price / SF:
$230/SF
Added:
May 20, 2026
Days on Market:
54
Last Refresh:
Jul 3 at 1:10 am

Property Features for 55 Ocean View Blvd

General Information

Standard status
Active
Size
3,450 SF
Lot size
0.16 Acres
Property subtype
Commercial

Building Details

Year Built
1926

Listing office The Browar Group

Listing date May 20, 2026

Source Elliman

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 55 Ocean View Blvd, San Diego, CA 92113 is a five-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 sustained fire damage previously, 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. The property has a walk score of 75, indicating it is very walkable, a transit score of 57, indicating good transit, and a bike score of 40, indicating it is somewhat bikeable.

Key Highlights

  • Mixed‑use property with 5 units, featuring 2 residential and 3 retail spaces totaling approximately 3,450 sq ft.
  • Located in an Opportunity Zone, offering potential tax benefits for investors.
  • Strong renovation or redevelopment opportunity with rebuild plans available for maximizing the property's potential.

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

Dental Office Carpet & Flooring Store (Bike/Boat/Book/etc) Store Nursing Home Tanning Salon Nursing Home Clothing & Fashion Store Restaurant (Bike/Boat/Book/etc) Store Adult Day Care

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 55 Ocean View Blvd 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 5 units, featuring 2 residential and 3 retail spaces totaling approximately 3,450 sq ft.; Located in an Opportunity Zone, offering potential tax benefits for investors.; Strong renovation or redevelopment opportunity with rebuild plans available for maximizing the property's potential.
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