THE DEL MONTE COTTAGES
First offering since 1986
Forty years.
One offering.
4918–4920 Del Monte Ave · Ocean Beach · San Diego 92107
FOR SALE $1,898,000
AT A GLANCE
Price $1,898,000
Lot 6,290 SF with alley access
Structures 2,126 SF total
Land basis $302 per SF, roughly 31% below the comparable median
Cottages 3 detached, one bedroom, one bath
Built 1937
APN 448-172-10-00
Occupancy Month-to-month; one cottage planned to be delivered vacant at the close of escrow
THE PROPERTY
Three cottages, three yards, four structures
The Del Monte Cottages sit on quiet Del Monte Avenue at the south end of Ocean Beach, walking distance to the bluffs of Sunset Cliffs Natural Park and Little Lion in one direction, and Newport Avenue's arts, nightlife and beach scene the other way, without living on top of either.
This is one of the last stretches of coastal San Diego where original cottages still sit intact on a single large lot with alley access.
Built in 1937 and held by one family for four decades, the single-story cottages sit front to back, each with its own entrance, private yard, in-unit laundry and on-site parking. A two-car garage between the front and middle cottages brings total structural square footage to 2,126 SF.
At $302/land SF, this property sits roughly 31% below the comparable median, offering a prime value-add opportunity to renovate or maximize cash flow by adding units under the City's favorable multi-family ADU regulations.
C = Unit 4920 | 466 SF
D = Unit 4920 ½ | 720 SF
A = Unit 4918 | 616 SF
B = Garage | 324 SF
THE NEIGHBORHOOD
Boasting an 89 Walk Score makes this a walkable address. The OB Pier, the tide pools and Dog Beach are all within reach on foot, with Sunset Cliffs and Little Lion around the corner. Bike to Target, the OB People's Food Co-op and the Wednesday Farmers Market. OB's flat street grid connects the boardwalk straight to Newport Avenue's antique shops, murals, eclectic eateries and no-chain-store character, eclectic eateries, plus a lively brewery scene (Sunshine Company Saloon, Kilowatt Brewing, Mike Hess Brewing, Pizza Port) all within walking distance.
THE OPPORTUNITY
Forty years of single ownership. One family, one set of records, one story. Self-managed since 1986, with no management agreement to assume and records that come straight from the family that kept them.
Three detached homes on one lot. Each cottage stands on its own with a private yard and its own entrance, separate meters, a configuration that no longer exists on most of the coast.
Basis first. At $302 per land square foot the property sits roughly 31% below the median of the comparable set, in an ultra-low-vacancy coastal enclave.
Density worth investigating. The lot is large, has alley access, and sits inside Ocean Beach's coastal height limits. The City's ZAPP tool returns RM-2-4 for the parcel; title records reflect R1-4. Buyer to verify zoning, density, ADU eligibility, coastal overlay jurisdiction and any development rights independently.
Live in one, hold the other two.The resident of 4920 has given voluntary notice, and that cottage is planned to be delivered vacant at the close of escrow.vA vacant cottage at closing opens the property to a buyer who wants to live on site, rare on this stretch of coast at this price.
Work can start on day one. Because the cottages are detached, the one delivered vacant at closing can be turned, updated or occupied without disturbing the two that remain tenanted. Most three-unit buildings don't allow that separation. Here each structure stands alone, with its own entrance and its own yard.
Unit 4918
Unit 4920
Unit 4920 1/2
Property sold as-is, in its current condition. Escrow and title seller's choice. Tenant occupied — do not disturb the residents or walk on private property. Showing of property only with an accepted offer and verified proof of funds; inspections follow acceptance, during the contingency period. All information provided by Seller and from sources deemed reliable but not guaranteed or verified by Broker or Seller; Broker not liable for Seller-provided information. Buyer to complete own verification and due diligence. The Seller has self-managed the property.