Ocean Beach, San Diego · Submarket

Ocean Beach Highlands / Point Loma Highlands

North of Point Loma Avenue, south of Voltaire Street, east of Froude Street, and west of Chatsworth Boulevard and Nimitz Boulevard.

Overview

About this submarket

This area covers two neighboring pockets on OB's eastern side. OB Highlands sits closer in, kissing up against North, Central, and South OB, while Point Loma Highlands runs further east toward Point Loma proper. Both climb the hill away from the coast, with quieter, more residential streets, bigger lots, more space between buildings, and views that open up the higher you go.

For multifamily, the Highlands trade differently than the coastal core. The area is mainly single-family homes, with duplexes and small multifamily mixed in rather than dense apartment blocks. Lots tend to be larger, and many properties have rear alley access, which makes ADUs and added income potential a real part of the analysis here. It's less about walkability to Newport and more about space, views, and long-term upside.

One thing owners should know: zoning in the Highlands varies block to block, and lot sizes here often leave room that isn't being used. Knowing exactly what your lot allows, whether that's an ADU, a redevelopment, or added units, is where the value is, 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
10
Median sold price per unit
$778,750
Based on 10 sales
Median price per SF
$461
Based on 3 sales
Average cap rate
4.38%
Based on 6 sales
Median days on market
36
Based on 10 sales
Active listings
4

Each figure uses only the sales that reported it.

Recent sales

AddressUnitsSold pricePrice/unitCap rateSale date
3836-38 Udall St2$1,025,000$512,5002.25%Sep 8, 2026
3828-30 Udall St2$1,320,000$660,0002.70%Sep 4, 2026
3754-56 Tennyson St2$1,515,000$757,500—Jul 31, 2026
2169-75 Las Lomas St4$1,500,000$375,0003.20%Jun 11, 2026
4562-64 Pescadero Ave2$2,485,000$1,242,500—May 6, 2026
4569-71 Coronado Ave2$2,400,000$1,200,0004.10%Oct 10, 2025
4569-71 Narragansett Ave2$1,600,000$800,000—Sep 9, 2025
4585-87 Saratoga Ave2$1,650,000$825,000—May 21, 2025
3754-56 Tennyson St2$1,410,000$705,0009.00%Apr 26, 2025
4575-77 Pescadero Ave2$3,840,000$1,920,0005.00%Feb 3, 2025