4843-4845 Voltaire Street, San Diego, CA for sale

Investment Overview

Introducing Voltaire Villas at 4843 Voltaire Street, a standout mixed-use investment opportunity in San Diego’s highly sought-after Ocean Beach neighborhood. The property consists of eight total units, including two commercial suites and six residential units, offering a rare blend of diversified income, operational efficiency, and long-term upside in a premier coastal infill location. The residential unit mix is both functional and demand-driven, featuring four 1-bedroom/1-bath units and two studios, including two newly constructed ADUs (one 1-bedroom/1-bath and one studio), all of which have been fully renovated and equipped with in-unit washer/dryer and air conditioning—an increasingly essential amenity for today’s renters. Completed in 2025, the extensive renovation program delivers a truly turnkey asset with significant capital improvements already in place. Both the interior and exterior have been fully modernized, including upgraded systems, new finishes, enhanced curb appeal with fresh paint, lighting, and signage, and minimal ongoing maintenance requirements—further supported by little to no landscape upkeep. The residential interiors feature bright, contemporary designs with wide-plank flooring, recessed lighting, modern kitchens with shaker cabinetry, quartz-style countertops, stainless steel appliances, and updated bathrooms, positioning the property to achieve and sustain premium rents. The commercial component provides exceptionally passive and stable income, anchored by two established retail tenants with deep roots in the community and proven operating history at this location. Both suites are secured by newly executed 10-year NNN leases with 4% annual rent increases, offering predictable, inflation-hedged cash flow with minimal landlord responsibilities. Additional built-in upside includes scheduled rent increases in December 2026 of approximately 10.5% and 4%, further enhancing income growth without additional capital investment. Operationally, the asset benefits from RUBS utility reimbursements, enhancing net operating income and efficiency, along with an additional income stream from parking, with nine total spaces (five currently rented and four available). Financing Attractive seller financing is available, offering a $2,040,000 loan at 6% interest-only for a 3-year term—providing buyers with enhanced cash flow, reduced debt service, and flexible short-term capital while stabilizing and growing the asset. Voltaire Villas presents long-term flexibility and optionality, while being positioned in a supply-constrained coastal submarket with strong tenant demand. With its fully renovated, turnkey condition, passive retail income structure, and irreplaceable Ocean Beach location, the property represents a true legacy coastal asset poised for continued rent growth and long-term appreciation.