Four old-school looking 2 story townhouses in south Ocean Beach just recently sold for $1.8 million.
The large units, built in 1987, are located at 1736 Cable Street, and sit on a 7,000 square foot corner lot with Del Monte Avenue. A lengthy hedge along Cable protects the bottom floor (or at least it was there the last time we looked).
The units include two 3 bedroom, 2.5 bath units and two 2 bedroom, 1.5 bath units. There is a common laundry room and three 1-car garages, with 9 off street open parking spaces.
This latest sale of apartment or condo complexes join a growing list of what we’ve called “an unprecedented sell-off of OB apartments over the last 4 years. …” At the end of April, we said:
According to a review of OB Rag records, there’s been an unprecedented sell-off of apartments in Ocean Beach over the last 4 years. This has included the transfer of nearly $38 millions and involving nearly 160 units.
Since the summer of 2011, there’s been nearly 20 of these transactions – the sale and purchase of multiple-unit properties in the OB village. There’s been at least ten since January 2014 and 3 this year already.
This latest sale is the 7th or 8th for this year, we estimate. Six units on Long Branch sold in June, as did 4 units on Muir. A 22-unit complex on Santa Monica sold in July.
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