5049 Cape May Ave, San Diego, CA 92107

San Diego
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
5049 Cape May Ave,San Diego, CA 92107
$5,400,000
Virtual Tour
  • 18 Beds
  • 18 Baths
  • 9,458 sq. ft.
  • Multi-family
  • Pending
Listed by: dylan e wright
Office: md real estate, inc
MLS#:260009653
Source:San Diego MLS via CRMLS

Price summary

  • Price:$5,400,000
  • Price per sq. ft.:$570.95

About this home

The Palms on Cape May is a 12-unit coastal apartment community located one block from the Pacific Ocean in San Diego’s highly sought-after Ocean Beach submarket. The property offers investors a rare opportunity to acquire a well-located asset with spacious units, strong in-place income, and meaningful rental upside through interior improvements. The property has been well maintained and provides investors with stable in-place income along with potential rental upside through strategic interior upgrades. With spacious units and strong tenant demand for beach-adjacent housing, the property is well positioned for continued long-term performance. Residents benefit from 17 on-site parking spaces, including five tandem spaces in the front of the property and seven single spaces in the rear, a valuable amenity in this highly walkable coastal neighborhood where parking is often limited. Located just steps from Newport Avenue, tenants enjoy walkable access to Ocean Beach’s vibrant mix of...

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Home facts

  • Listing ID #:260009653
  • Added:46 day(s) ago
  • Updated:June 08, 2026 at 06:33 PM

Rooms and interior

  • Bedrooms:18
  • Total bathrooms:18
  • Full bathrooms:18
  • Living area:9,458 sq. ft.

Structure and exterior

  • Building area:9,458 sq. ft.

Finances and disclosures

  • Price:$5,400,000
  • Price per sq. ft.:$570.95

Parking

  • Total parking spaces:17
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