SOUTH OF FIFTH - Potential for development of 17 Airbnb units or 15 to 20 room boutique hotel in the desirable South of Fifth neighborhood, easy walk to the beach, shops and fine dining. Build up to 10,000 sq. ft. in a 4-story building, plus roof terrace and other modern lifestyle amenities in a world-class destination close to new multimillion-dollar developments like Louver House and Urbanica The Meridian Hotel. CPS-2 zoning allows for hotels and apartments.100% stabilized Potential NOI of $631,390.10 rental Pro-forma. The existing building is a single-story 4-plex with two units used for short-term rentals and two month-to-month tenants. Incredible development potential! Redevelopment subject to approval by the city.

Property Details

  • MLS #A10824232
  • TypeCommercial
  • StatusActive
  • DevelopmentOCEAN BEACH ADDN NO 3
  • SubdivisionOCEAN BEACH ADDN NO 3
  • Sale TypeRegular Sale
  • Lot Size0
  • Price / Sq.Ft.$1,315
  • Parking Spaces0
  • Swimming PoolNo
  • Days on Market163
  • Year Built1952
  • StyleQuadruplex
  • WaterfrontNo
  • FurnishedNo
  • Flooring TypeTile,Wood
  • Date Listed02/26/2020
  • HOA Fees N/A
  • Cooling TypeCentral Air,Wall/Window Unit(s)
  • Heating TypeOther
  • Taxes Year2019
  • Taxes$38,776

Exterior Features

  • Fence

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