$5,000,000

We are pleased to present Sheila Lynn located at 4840 Del Monte Ave., a value-add 8-unit property located in the coastal community of Ocean Beach, California. Over half a century since the Sheila Lynn has been on the market, this asset comprises eight (8) two-bedroom/ one-bathroom units totaling 5,200 rentable square feet on 0.16 acres. Amenities include a beautifully gated courtyard with flourishing flower beds throughout, on-sight laundry, and parking for each unit. Interiors feature cozy and well-thought-out floorplans, with spacious rooms, vintage finishes, and plenty of natural sunlight. The prime Ocean Beach location provides residents with an idyllic Southern California experience. The asset property is ideally located in the center of Ocean Beach, a buzzing beachfront known for its intimate beach vibe and local events. The location is considered a “walker’s paradise” with a Walkscore of 93, where daily errands do not require a car. Residents are proximate to a wide array of entertainment options, boutique shops, trending restaurants, outdoor coastal activities, the boardwalk, and the Santa Cruz Cove. The main thoroughfare of Ocean Beach - Newport Avenue, Ocean Beach Pier, and the famous OB Dog Beach are an enjoyable walk away. A visible transformation has become apparent with new in-all development projects, new residences, and stores flourishing throughout the neighborhood.