3651 Ocean View Boulevard, San Diego, CA 92113

3651–55 Ocean View Boulevard presents a rare opportunity to acquire a five-unit mixed-use property in one of San Diego's designated Opportunity Zones. Built in 1926 and totaling approximately 3,450 square feet on a 6,752 square foot lot, the asset is comprised of two 1-bedroom, 1-bathroom residential units of approximately 660 square feet each, alongside three retail spaces totaling approximately 2,130 square feet.

The property previously sustained fire damage, and the seller has architectural rebuild plans available — providing an incoming buyer with a meaningful head start on permitting and execution. Alternatively, a buyer may elect to renovate or reposition the asset to their own vision. The RS-1-7 zoning further broadens the opportunity, potentially supporting a full residential conversion for buyers seeking a different exit strategy.

Situated in a federally designated Opportunity Zone, the property qualifies for capital gains tax deferral and potential elimination on long-term reinvested gains, enhancing the underwriting for any long-hold investor. The seller will also consider fair and reasonable seller financing, offering added flexibility in today's lending environment.

With three distinct paths forward — execute the existing rebuild, reposition to vision, or convert fully residential — 3651–55 Ocean View Boulevard offers exceptional optionality for investors and developers seeking a value-add play in a tax-advantaged San Diego corridor.