Beach house under $1 million: RIP

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Submitted by gzz on August 23, 2019 - 12:56pm

There’s a grand total of 2 single family beach houses in San Diego city for sale under a million.

One on Cable St and one on PB drive. Both are on 2000SF lots.

We might see further scattered sales of tear-downs and micro-lot SFHs for under a million, but that is under 5% of the market. And even a lot of those will go over $1 million.

Submitted by spdrun on August 23, 2019 - 4:10pm.

15 houses in OB and Point Loma on SDLookup < $1M. Looks like a couple in LJ as well.

Submitted by gzz on August 23, 2019 - 6:13pm.

I am talking about SFH. Plenty of condos still.

Here is the 92107 listing:

Currently 4 under 1 mil, but of those 4 only 1 in OB itself.

Centraloma and Chatsworth are solidly Point Loma.

Castelar is Loma Portal, though I guess as long as it is west of Nimitz in might be an a really expansive definition of OB.

My view though is OB ends at Ebers St on the east and Orchard Ave at the south.

Submitted by gzz on September 23, 2020 - 3:06pm.

Two detached fee simple houses in the OB/MB/PB/LJ region under $1 million. They are both small 2/1s priced in the 900s, 904 Beryl St 92109 and 4884 Del Mar Ave 92107.

Finally, in La Jolla, 453 Westbourne is detached 1-bedroom bungalow condo with no HOA for $750,000.

Submitted by sdrealtor on September 23, 2020 - 5:11pm.

But for an occassional outlier that ship sailed long ago

Submitted by gzz on September 30, 2020 - 12:32pm.

One day later and the one and only sub-$1 mil OB sfh listing is now pending.

Appears they were flooded with offers and accepted one about a week after listing.

UPDATE: The one and only PB listing is also pending.

Submitted by gzz on September 30, 2020 - 11:42am.

Someone got this guy for $980,000:

It closed 37 days after list date for $51,000 higher than the list price.

I like how they added a two floor addition to a tiny old cottage, and the renovations are tasteful. I think the buyers got a great deal.

Submitted by sdrealtor on September 30, 2020 - 1:02pm.

Thats in a beach zip but calling that a beach house is a bit of a stretch. Its about a mile from the beach and thats more Loma Portal than OB. If your not west of Sunset Cliffs Blvd in OB its not really a beach house

Submitted by gzz on October 1, 2020 - 11:59am.

My properties are all West of Sunset Cliffs so I like your rule as a matter of self interest.

However, the area around Collier Park and West of Nimitz has a very OB feel to it, lots of craftsman cottages on small lots.

And while it is a 0.9 mile walk to the dog beach parking lot, it is a short pleasant walk without any major crossings, just Sunset Cliffs which is 2 lanes.

Submitted by sdrealtor on October 1, 2020 - 3:08pm.

Congrats on YOUR Beach Homes! :)

Those other areas are close to the beach and in the same Zip but not beach homes. At that distance you'd be a good 1/2 mile East of I-5 up by me> No one would mistake those homes up here as a beach house.

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