4768 72 Coronado Ave Avenue, San Diego, California 92107, San Diego, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$2,450,000
4768 72 Coronado Ave Avenue, San Diego, California 92107
7Beds
5Baths
2,775Sqft
6,415Lot
Year Built
1960
Close
-
List price
$2.45M
Original List price
$3M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2503660
Home ConditionFair
Features
Excellent View: Coastline, Ocean
Deck
Patio
ViewCoastline, Ocean

About this home

The Property is located in a supurb ocean view location that is highly desireable for income properties. The property is being sold As-Is. The owner had a true interest and dedication to using Solar power. Over time he had installed a 5 panel Solar System with battery backup stored in the garage of Unit 1. The configuration of the project is two levels with direct access at the front of each unit. Three of the units had some remodeling over time The most southern first level unit (4) had a bedroom added in 1984 that is now a large Dining Room. The adjoining unit (3) had a bathroom added and direct access to the garage. The second level Southern unit (2) had a 8’x10’ deck added with great coastal views. Attached in Listing information are footprints for each unit as well as illustration of how the units connect. Available. if requested for review at the site, are building plans for the original 3 units dated 1960. It is likely that this property will be able to add an unknown number of ADU’s, The lot is flat until the end of the fenced yard for the most Southern ground level unit 4. From that point the property takes a very steep drop to Coronado Ave and there is natural spring. Prior to listing we have undertaken a full Property Inspection, a camera visual inspection of the sewer line and a termite inspection. The video of the camera inspection is too large to include. Please ask to have copy of video.All of these reports are available. We do this to provide potential buyers with important information and speed up due diligence. However, potential purchasers are encouraged to do their own due-diligence as desired. Three of these units have commanding views of the Coastline and the Ocean which significantly enhances the value of this property

Price History

Date
Event
Price
10/30/25
Price Change
$2,450,000
05/19/25
Listing
$2,999,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (3 Listings)
Beds70
25%
Baths50
25%
Square foot2,7751,951
75%
Lot Size6,4156,706
50%
Price$2.45M$2.35M
50%
Price per square foot$883$1,093
25%
Built year19609765980
75%
HOA
Days on market170207
25%
Condition Rating
Fair

The property was built in 1960, making it over 60 years old. While the listing mentions 'some remodeling over time' for three units and the addition of a solar system, the interior images reveal a significant disparity in condition and style across the units. One kitchen (Image 7) is very dated with original-style light wood cabinets and white appliances, suggesting it's from the original build or a very old renovation (30+ years ago). Another kitchen (Image 4) shows more recent updates with darker cabinets, concrete-style countertops, and black appliances, but still appears to be 15-25 years old, not newly renovated. The property is being sold 'As-Is,' indicating that while functional, it requires minor to substantial updates to modernize the various units and bring them to a consistent, desirable standard for income generation. The overall condition aligns with a property that is aged but maintained, with functional major components that are outdated.
Pros & Cons

Pros

Prime Ocean View Location: Situated in a superb ocean view location in desirable Ocean Beach, three units offer commanding views of the coastline and ocean, significantly enhancing property value and appeal.
Income-Generating Quadruplex: Configured as a quadruplex, this residential income property is highly desirable for investors seeking multiple rental units in a prime area.
Solar Power System: Equipped with a 5-panel solar system and battery backup, offering energy efficiency and reduced utility costs for tenants or owners.
ADU Development Potential: The property holds strong potential for adding an unknown number of Accessory Dwelling Units (ADUs), providing future expansion and income opportunities.
Partial Unit Remodeling & Upgrades: Three units have undergone some remodeling, including a bedroom addition, a bathroom addition, and a new 8'x10' deck with coastal views, improving their appeal.

Cons

As-Is Sale Condition: The property is being sold 'As-Is,' indicating the seller will not make repairs and potential buyers should budget for necessary updates or maintenance.
Significant Price Reduction: A substantial price reduction from the original list price may suggest initial overpricing or market resistance, warranting thorough due diligence on valuation.
Challenging Lot Topography: The lot features a very steep drop to Coronado Ave and a natural spring, which could present challenges for landscaping, drainage, or future development.

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