The 10-unit property located at 4957 Cape May Ave in Ocean Beach has been acquired by a local multifamily investor for $3,850,000.
SOLANA BEACH, CA, UNITED STATES, August 28, 2026 /EINPresswire.com/ — James V. Carter, Senior Managing Broker, and Angelo La Bruna, Senior Vice President at Apartment Realty Group (ARG), facilitated the transaction for both the seller and the buyer involving a value-add 10-unit multifamily property in Ocean Beach. The asset, situated at 4957 Cape May Ave San Diego, CA 92107, lies within one of San Diego's most robust rental markets, offering convenient access to the Ocean Beach Pier, local shops, and iconic coastal dining spots.
The development comprises eight (8) one-bedroom, one-bathroom units and two (2) two-bedroom, one-and-a-half-bathroom two-story townhomes, all set on a 6,993-square-foot lot. Resident features include an on-site laundry facility, abundant off-street parking, and roomy floor plans.
“Our team executed a proven marketing strategy that generated multiple offers on this exceptional 10-unit property. We are eager to see how the buyer enhances this distinctive coastal asset,” Carter stated. The transaction closed at a final price of $3,850,000.
James V. Carter & Angelo La Bruna
Apartment Realty Group
+1 858-247-1095
james.carter@arg1031.com
