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
| Address | Units | Sold price | Price/unit | Cap rate | Sale date |
|---|---|---|---|---|---|
| 4928 Coronado Ave | 9 | $3,390,250 | $376,694 | 4.30% | Sep 1, 2026 |
| 4755 Del Monte Ave | 2 | $1,228,000 | $614,000 | — | Aug 21, 2026 |
| 4612-14 Bermuda Ave | 2 | $1,725,000 | $862,500 | — | Jun 22, 2026 |
| 4776-78 Del Monte Ave | 2 | $2,450,000 | $1,225,000 | — | May 29, 2026 |
| 1674-1676 Cable St | 2 | $1,310,000 | $655,000 | — | May 11, 2026 |
| 4922-24 Coronado Ave | 2 | $1,850,000 | $925,000 | 1.60% | Apr 22, 2026 |
| 4851 Narragansett Ave | 4 | $3,400,000 | $850,000 | — | Mar 16, 2026 |
| 4768-4772 Coronado Ave | 4 | $2,200,000 | $550,000 | — | Dec 12, 2025 |
| 4966-68 Coronado Ave | 2 | $1,450,000 | $725,000 | — | Dec 11, 2025 |
| 4961-4967 Coronado Ave | 8 | $2,800,000 | $350,000 | 4.82% | Nov 19, 2025 |
| 4617-19 Del Monte Ave | 2 | $1,359,000 | $679,500 | — | Nov 3, 2025 |
| 4867 Santa Cruz Ave | 9 | $3,800,000 | $422,222 | 6.00% | Oct 20, 2025 |
| 4916 Santa Cruz Ave | 19 | $6,900,000 | $363,158 | 4.41% | Oct 3, 2025 |
| 4817-4821 Coronado Ave | 2 | $2,308,000 | $1,154,000 | — | Aug 14, 2025 |
| 1759 Ocean Front St | 4 | $3,000,000 | $750,000 | — | Jun 30, 2025 |
| 1575-1585 Cable St | 6 | $2,600,000 | $433,333 | 4.94% | Jun 27, 2025 |
| 4802 Orchard Ave | 16 | $8,250,000 | $515,625 | 5.29% | Jun 24, 2025 |
| 4603-05 Bermuda Ave | 2 | $2,450,000 | $1,225,000 | — | Jun 9, 2025 |
| 1773-1787 Bacon St | 8 | $3,360,000 | $420,000 | — | Mar 27, 2025 |
| 4817-19 Del Monte Ave | 2 | $1,333,500 | $666,750 | 2.56% | Mar 26, 2025 |
| 5012 Del Monte Ave | 4 | $2,450,000 | $612,500 | 3.70% | Mar 7, 2025 |
| 4956-4964 Santa Cruz Ave | 8 | $3,200,000 | $400,000 | 3.22% | Dec 3, 2024 |
| 4845 Santa Cruz Ave | 4 | $3,200,000 | $800,000 | 3.73% | Nov 15, 2024 |
Other submarkets
- North and Central Ocean BeachThe dense multifamily core near Newport Avenue and the OB Pier — north of Niagara Avenue, south of West Point Loma Boulevard, and west of Froude Street.
- Loma AltaNorth of Voltaire Street, east of Froude Street, and south of West Point Loma Boulevard.
- Ocean Beach Highlands / Point Loma HighlandsNorth of Point Loma Avenue, south of Voltaire Street, east of Froude Street, and west of Chatsworth Boulevard and Nimitz Boulevard.
Own or want to own apartments in South Ocean Beach?
Contact Tanner Watkins