5115 Saratoga, San Diego, California

$15,250,000

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About 5115 Saratoga

Ocean Beach Villas is a 10-unit luxury beach-front community located steps from the sand in the eclectic beach town of Ocean Beach, San Diego. Completed in 2015, Ocean Beach Villas were built as luxury ocean view condominiums with two and three-bedroom floor plans averaging nearly 1,400 SF. The units feature open floor plans, 9-foot ceilings, large terraces and upscale, condo-quality finishes. Bi-fold doors in every unit provide up to 17-feet of unobstructed ocean views, blurring the lines between indoor and outdoor living. The stepped-back design of the terraces allows all the units to have equally good views, while preserving privacy. Ocean Beach Villas offers investors the flexibility to operate the property as a luxury apartment community or sell the units as individual condominiums. The property has historically operated as a short term/Airbnb property, offering another successful investment strategy. Ocean Beach Villa’s modern architecture and design, unmatched ocean views, and immediate for-sale exit strategy offers a rare opportunity to capitalize on today’s favorable residential housing market fundamentals.

Features of 5115 Saratoga

MLS® # 220011978
Price $15,250,000
Acres 0.00
Type Commercial
Sub-Type Com-Res Income
Status ACTIVE

Community Information

Address 5115 Saratoga
Area OCEAN BEACH (92107)
City San Diego
County San Diego
State California
Zip Code 92107

Amenities

Amenities Elevator
Parking Garages

Interior

Heating Central Forced Air Elec
Cooling Central Forced Air Elec

Exterior

Construction Frame, Stucco

Additional Information

Date Listed May 16th, 2022
Days on Market 135
Short Sale No

Listing Details

OfficeEric D. Comer, Broker

Listing Map

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