3778-90 Udall St, Ocean Beach (OB), CA 92107

Property Description

Pleased to present a rare opportunity to acquire two adjacent assets in the heart of Point Loma, one of San Diego’s most supply-constrained and desirable coastal submarkets. Located along Udall Street, these properties may be purchased individually or together, offering investors flexibility to target stable income, long-term appreciation, or a blended portfolio strategy. 3790 Udall Street | True NNN Hostel Investment 3790 Udall Street is a ±5,032 SF hostel property situated on 4,825 SF of land, offering true NNN income with minimal landlord responsibility. The property is master-leased through 2032, providing long-term, predictable cash flow. The tenant pays all operating expenses, including taxes, insurance, and maintenance, resulting in rent equal to NOI. 3778–3880 Udall Street | Renovated Duplex with Long-Term Upside 3778–3880 Udall Street is a fully renovated duplex totaling approximately 1,896 SF on 5,114 SF of land, featuring a desirable unit mix of one 3-bedroom/2-bath unit and one 2-bedroom/2-bath unit, both with modern finishes and garage parking. The property is leased through June 2028 at $6,500 per month, with 3% annual rent increases built into the lease structure. This asset offers investors stable tenancy today with embedded rent growth and long-term value upside, particularly given the property’s coastal location, renovation quality, and limited supply of duplex housing in Point Loma.