Ocean Beach, San Diego · Submarket

South Ocean Beach

South of Niagara Avenue, north of Point Loma Avenue, and west of Froude Street.

Overview

About this submarket

South OB is where Ocean Beach gets quieter and more scenic. South of Niagara, the streets run toward the ocean cliffs, with sunset walks along the bluffs and Sunset Cliffs Natural Park just down the coast. Newport Avenue is still an easy walk or bike ride away.

For multifamily, South OB is still quite dense, the second most dense multifamily pocket in OB after the Newport core, but with less of the central area's noise and foot traffic. Price per unit tends to run higher here, and buildings closer to the cliffs or with ocean views can command a further premium, but the details matter: view orientation, parking, and how the building lives day to day all show up in rents and value.

One thing owners should know: South OB falls under the Ocean Beach Community Plan and is a mix of RM-1 and RM-2-4 zoning, with RM-2-4 allowing about one unit per 1,750 square feet of lot, plus the coastal 30-foot height limit. Toward the south, it blends into the quieter residential pockets of Sunset Cliffs. Knowing which zone your lot falls in matters, because it changes what you can build or add, and Tanner can walk you through it.

Market data

Multifamily market snapshot

Figures reflect sales over the trailing 24 months.Data as of October 15, 2026

Sales, last 24 months
23
Median sold price per unit
$655,000
Based on 23 sales
Median price per SF
$673
Based on 10 sales
Average cap rate
4.05%
Based on 11 sales
Median days on market
16
Based on 13 sales
Active listings
10

Each figure uses only the sales that reported it.

Recent sales

AddressUnitsSold pricePrice/unitCap rateSale date
4928 Coronado Ave9$3,390,250$376,6944.30%Sep 1, 2026
4755 Del Monte Ave2$1,228,000$614,000—Aug 21, 2026
4612-14 Bermuda Ave2$1,725,000$862,500—Jun 22, 2026
4776-78 Del Monte Ave2$2,450,000$1,225,000—May 29, 2026
1674-1676 Cable St2$1,310,000$655,000—May 11, 2026
4922-24 Coronado Ave2$1,850,000$925,0001.60%Apr 22, 2026
4851 Narragansett Ave4$3,400,000$850,000—Mar 16, 2026
4768-4772 Coronado Ave4$2,200,000$550,000—Dec 12, 2025
4966-68 Coronado Ave2$1,450,000$725,000—Dec 11, 2025
4961-4967 Coronado Ave8$2,800,000$350,0004.82%Nov 19, 2025
4617-19 Del Monte Ave2$1,359,000$679,500—Nov 3, 2025
4867 Santa Cruz Ave9$3,800,000$422,2226.00%Oct 20, 2025
4916 Santa Cruz Ave19$6,900,000$363,1584.41%Oct 3, 2025
4817-4821 Coronado Ave2$2,308,000$1,154,000—Aug 14, 2025
1759 Ocean Front St4$3,000,000$750,000—Jun 30, 2025
1575-1585 Cable St6$2,600,000$433,3334.94%Jun 27, 2025
4802 Orchard Ave16$8,250,000$515,6255.29%Jun 24, 2025
4603-05 Bermuda Ave2$2,450,000$1,225,000—Jun 9, 2025
1773-1787 Bacon St8$3,360,000$420,000—Mar 27, 2025
4817-19 Del Monte Ave2$1,333,500$666,7502.56%Mar 26, 2025
5012 Del Monte Ave4$2,450,000$612,5003.70%Mar 7, 2025
4956-4964 Santa Cruz Ave8$3,200,000$400,0003.22%Dec 3, 2024
4845 Santa Cruz Ave4$3,200,000$800,0003.73%Nov 15, 2024