1924-1926 Oliver Ave, Pacific Beach/Mission Beach, CA 92109

List Price
Days on Market
Lot Size(Range)
4,000-7,499 SF
Lot Size(apprx.)
Pacific Beach/Mission Beach
Pacific Beach
Complex/Building Name
Crown Point
Property Type
Year Built

Property Description

Tropical beach house surrounded by lush palms, bamboo and fruit trees with separate duplex off of alley. Located only a few blocks from the bay near the highly desired Crown Point area of Pacific Beach. Amazing investment opportunity that can bring in approximately $90K/yr in rental income. Perfect for an owner to live in the front house while making a nice rental income from the duplex. All units are updated, very well maintained & rent easily. Turnkey! Owner is a CA real estate agent.

Additional Information

Building Name
Crown Point
Other/Remarks, Wall/Window
Gross Rent Multiplier Project
Heat Equipment
Heat Source
Natural Gas
Lot Size
Lot Size Range
4,000-7,499 SF
Pacific Beach
Other Income Projected
Composition, Rolled/Hot Mop
Res Income 2-4 Units
Tenant Pays
Cable TV, Electricity
Bay, City, Evening Lights
Year Built

Room Dimensions

Great income property that has always rented quickly with almost no vacancies over the last 20 years. Room to increase the rents as long term rentals or make even more as vacation rentals. The front house is a 1 bedroom 1 bath house with a large bonus room that works well as an office or spare bedroom. The duplex has an upper 2 bedroom 1 bath unit with private balcony and a lower nonconforming 2 bedroom 1 bath unit with a large yard/patio area. (Might be possible to convert to an ADU?) There are 2 parking spots off of the alley with room for a 3rd tandem parking spot. This property is Zoned RM 1-1 so it may be redeveloped into 2 homes of approximately 1,875 sq ft each with rooftop decks and bay/ocean/city views. The front house was taken down to the studs 20 years ago and remodeled. It is in great condition inside/out with bamboo & stone flooring, over-sized bathtub, AC in the bedroom, matching kitchen appliances and front loading washer/dryer. Relax after a day at the beach in your high end 6 person Jacuzzi hot tub as you are surrounded by bamboo and palms. The rear duplex has recently been updated with matching stainless steel refrigerators, stoves/ovens, dishwashers, microwaves, new cabinets, counter-tops, stylish glass tile back splashes, fresh paint and more. New roof and gutters were installed in 2018 and new vinyl windows were installed 3 years ago. The duplex has a shared laundry room with a coin operated commercial Speed Queen washer/dryer. The electric panels have been upgraded to 100 AMP service. Professionally landscaped private front and backyards featuring a beautiful 60 year old giant bird of paradise tree and yucca palm tree, 9 different king palms, exotic bamboo, a loquat tree, 2 orange trees, a lemon tree, plumeria and more... Information provided is deemed reliable but not guaranteed. Buyer to verify ANY/ALL information provided prior to removing contingencies or close of escrow.

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Realty

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