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Two-Unit Oceanfront Income Duplex
For Sale
$4,000,000

4933 35 Ocean Blvd, San Diego, CA 92109

Two-unit multifamily property with an attached garage that could potentially be converted into an ADU.

Property Size1,594 SF
Price / SF$2,509
Days on Market87

Property Features for 4933 35 Ocean Blvd

General Information

Standard status Active
Size 1,594 SF
Property subtype Investment

Additional Details

Multifamily Units 2

Building Details

Year Built 1950
Stories 1
Units 2
Tenancy Multi
Listing Agency: Franco Realty Group
Listed By: Tony Franco · License #01950498
Source: Elliman
Added: Jun 4 Changed: Aug 28 Last Checked: Aug 29 at 9:00AM

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 Franco Realty Group

Investment Insights

Based on property information with market context.

Built in 1949, this two-unit multifamily complex features a total of 1,594 square feet of living space across both residences. The property sits on a 4,695 square foot lot. An attached 400 square foot garage is also included and could potentially be converted into an ADU, offering flexibility for additional living space or reconfiguration.

The complex is located at 4933-35 Ocean Blvd in San Diego. Public remarks describe it as being in an oceanfront corridor, with the property positioned along the oceanfront cliff in North Pacific Beach. It currently falls within the La Jolla School District. BikeScore is listed at 48, WalkScore at 74, and TransitScore at 32.

For buyers and operators seeking a small residential income property, this duplex layout provides two separate units in a compact complex. The attached garage adds another dimension for tenants or future planning, particularly for buyers considering an ADU conversion as part of their long-term use strategy. Please do not disturb the tenants; showings should be coordinated accordingly.

Key Highlights

  • 2‑unit multifamily complex at 4933‑35 Ocean Blvd, San Diego, CA 92109
  • Built in 1949/1950 with 1,594 total SF across the two residential units
  • 4,695 SF lot provides room for future possibilities

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Daycare Center Auto Parts Store Garden Center Plumbing Service Furniture & Home Goods Grocery & Convenience Store

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

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,997
Businesses Nearby

Demographics for 92109, CA

44,671
Population
26,503
Households
1.7
Avg Household Size
35
Median Age
70%
College-Educated
97%
High-School Grad
7.6 sq mi
ZIP Area
5,878
Density / Sq Mi
$118,300
Median Household Income
$71,054
Median Earnings
$2,362
Median Rent
$1,136,000
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?
Duplex - Two-unit multifamily property with an attached garage that could potentially be converted into an ADU.
Where is this duplex located?
The property is located at 4933 35 Ocean Blvd San Diego, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 2‑unit multifamily complex at 4933‑35 Ocean Blvd, San Diego, CA 92109; Built in 1949/1950 with 1,594 total SF across the two residential units; 4,695 SF lot provides room for future possibilities
More about this property
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