5153 5155 Muir Avenue, San Diego, California 92107

$3,599,000

Property Type

Residential Income

Building Size

3,370 sqft

City

San Diego

Status

Active

RARE OCEAN BEACH INVESTMENT OPPORTUNITY — TWO DETACHED RESIDENCES JUST 1/2 BLOCK FROM THE SAND WITH PRIOR CITY APPROVAL FOR CONDOMINIUM CONVERSION. An exceptional opportunity to own two substantial detached coastal residences on one parcel, offering approximately 3,370 sq. ft. of reported living area PLUS an additional approximately 1,000 sq. ft. attic/bonus area at 5153 Muir that is not included in the reported square footage. The property also features an extraordinary 10 on-site parking spaces, a 6,165 sq. ft. parcel plus an additional approximately 3,000 sq. ft. easement area, ocean views and tremendous flexibility for owner-users, investors or multi-generational living. 5153 Muir — Front Residence: Charming Craftsman-style 3-bedroom, 2-bath home with wood floors, quartzite countertops, inviting covered front porch, gated yard and outdoor entertaining space. One of the home’s most unique features is the approximately 1,000 sq. ft. attic/bonus area, which is not included in the reported 3,370 sq. ft. living area and provides exceptional additional space for storage, office, studio, recreation or other bonus use. Buyer to independently verify square footage, permitted use and improvements. 5155 Muir — Rear Residence: Impressive detached 3-bedroom, 3.5-bath residence positioned above the garages with ocean views and a spacious, contemporary layout. Multiple outdoor areas take advantage of the coastal setting, creating a private residence that feels distinct and separate from the front home. Parking is exceptionally rare for this close to the beach, with approximately 10 on-site parking spaces, including garage, carport, driveway and additional off-street parking areas. The property’s configuration, generous usable site area and separate residences create possibilities rarely found this close to the ocean. The City of San Diego previously approved a Coastal Development Permit and Tentative Map Waiver for conversion of the two existing residences into two condominiums. This prior approval may provide a compelling opportunity for a buyer interested in pursuing condominium conversion or a future separate-sale strategy; however, prior approvals may have expired or require additional processing. **Buyer to independently investigate and verify with the City of San Diego all current requirements, approvals, permits, subdivision possibilities, condominium-conversion status, square footage and allowable uses. Located in the heart of Ocean Beach just moments from the sand, surf, restaurants, shops and neighborhood amenities. Whether held as a coastal income property, multi-generational compound, owner-occupied residence with additional income, or explored for its future development and separate-sale potential, 5153–5155 Muir Avenue offers a combination of location, parking, flexibility and scale that is extremely difficult to replicate in Ocean Beach.