South Coast Commercial, Inc.
Listed by South Coast Commercial, South Coast Commercial, Inc.
$10,200,000
Westwind
Details
APN 448-181-36-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 17,319
Units 24
Cap Rate 3.80%
NOI $344,896
Price per SqFt $589
Year Built 1972
Buildings 1
Stories 2
Acreage 0.400
Zoning RM-2-4 (Residential Zone)
Parking Spaces 24 spaces
Parking per 1,000 SqFt 1.39
Multifamily | 24 Units | $425,000/unit
Marketing description
Westwind is a 24-unit multifamily property located in the highly desirable Ocean Beach neighborhood of San Diego. Located steps from the Pacific Coast with convenient access to Interstate 8 and Sunset Cliffs Boulevard. Westwind is well-positioned within one of San Diego’s most competitive and resilient rental markets, supported by strong demographics, limited new supply, and sustained renter demand. Comprised primarily of one-bedroom units with a selection of two-bedroom residences, the property sits on a 17,501 square foot lot with a total building size of approximately 17,319 square feet. Built in 1972, the two story community offers a well-maintained residential environment within one of San Diego’s most sought-after and supply-constrained coastal submarkets.
Investment highlights
- 24-Unit Coastal Multifamily Community Well-maintained two-story community steps from the beach in one of San Diego’s most sought-after and supplyconstrained coastal neighborhoods
- Strong In-Place Cash Flow Consistent occupancy driven by sustained, high demand for beachside living in the tightly supplied Ocean Beach rental market
- Meaningful Rental Upsidel Current rents averaging below market levels across the majority of units, with clear potential to drive returns through continued rent growth
- Prime Ocean Beach Location Highly walkable coastal neighborhood with limited new supply, strong demographics, and a growing renter population supporting long-term asset value
- Walkable Lifestyle Amenities Steps to Newport Avenue dining, retail, bars, and the beach — amenities that drive year-round tenant demand and low vacancy
- Strong Regional Connectivity Convenient access to Interstate 8 and Sunset Cliffs Boulevard connecting residents to major employment hubs throughout San Diego
Listing Contacts
South Coast Commercial, Inc.
Listed by South Coast Commercial, South Coast Commercial, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$344,896.00
$28,741.33/mo
Valuation Metrics
0
DSCR
3.38%
Cap Rate
3.38%
ROI
Map
Zoning
RM-2-4 ResidentialMulti FamilyResidential Multiple Unit
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View all 190 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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