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Renovated Triplex with Development Potential
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4540-44 Ocean View Boulevard, San Diego, CA 92113

Renovated triplex on a very large lot with three one-bedroom cottages and six off-street parking spaces.

Property Size27,007 SF
Days on Market53

Property Features for 4540-44 Ocean View Boulevard

General Information

Standard status Active
Size 27,007 SF
Total Parking Spaces 6
Property subtype Retail, Multifamily
Zoning RM-1-1

Additional Details

Highway Access Yes
Multifamily Units 3

Building Details

Year Built 1947
Buildings 3
Units 3
Listing Agency: CBRE - San Diego
Listed By: Michael Greiner, CCIM · License #01844828
Source: Crexi
Added: Jul 8 Changed: Aug 24 Last Checked: Aug 28 at 6:36PM

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 CBRE - San Diego

Investment Insights

Based on property information with market context.

4540-4544 Ocean View Boulevard is a renovated triplex built in 1940, configured as three one-bedroom, one-bathroom cottages. The property features pitched roofs and includes six off-street parking spaces. Recent improvements include major systems updates such as electrical panel upgrades and new sewer lines. Interior renovations have been completed in two of the units, including new appliances and updated finishes.

The property is located near transit, with the 47th Street Trolley Station a short distance away on the MTS Orange Line providing access to Downtown San Diego. Major nearby roadways include Imperial Avenue, National Avenue, and Market Street, with the 805 Freeway accessible from Imperial Avenue.

The lot size supports additional development opportunity by right. The seller is offering attractive terms, including up to 90% LTV and mid-5% debt with interest-only payments, with terms open to negotiation.

Key Highlights

  • Renovated triplex with three 1‑bedroom, 1‑bath cottages averaging approx. 490 SF each
  • Large lot with additional development opportunity by right and potential for expansion subject to approvals
  • 6 off‑street parking spaces

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic HVAC Service Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

540
Businesses Nearby

Demographics for 92113, CA

50,457
Population
14,443
Households
3.5
Avg Household Size
32
Median Age
11%
College-Educated
69%
High-School Grad
4.5 sq mi
ZIP Area
11,213
Density / Sq Mi
$59,177
Median Household Income
$31,099
Median Earnings
$1,608
Median Rent
$559,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Renovated triplex on a very large lot with three one-bedroom cottages and six off-street parking spaces.
Where is this triplex located?
The property is located at 4540-44 Ocean View Boulevard San Diego, CA.
What are key features of this property?
This property features: Renovated triplex with three 1‑bedroom, 1‑bath cottages averaging approx. 490 SF each; Large lot with additional development opportunity by right and potential for expansion subject to approvals; 6 off‑street parking spaces
(808) 271-5252 Call to check price and availability
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