3845 Ocean View Blvd

• ADU (Accessory Dwelling Unit): Provides rental income potential or additional living space, increasing property value by approximately $100,000 - $150,000 depending on local market conditions. • Updated Kitchen in ADU: Modern kitchen with stainless steel appliances and quartz countertops adds approximately $10,000 in value. • Updated Flooring in ADU: New laminate flooring throughout the ADU adds approximately $3,000 in value. • ADU (Accessory Dwelling Unit) • Updated Kitchen in ADU • Updated Flooring in ADU • Stainless Steel Appliances in ADU • Quartz Countertops in ADU • Price Position: At $467.68 per square foot, the property is priced significantly below the median price per square foot in the 92113 area ($604). This discrepancy may be due to the condition of the front residence or other factors, but it presents an opportunity for buyers to negotiate. • Appreciation Trend: The property's recent sales history shows significant price fluctuations, with a 36.9% increase in the current listing price compared to the November 2024 sale. This volatility may raise questions about the property's true market value. • Rental Income: $3,750/month with 90% occupancy (0.1% cap rate) • Safety: Violent crime is significantly higher than both state (24.3% higher) and national (14.1% higher) averages. Property crime is slightly lower than the state average (-8.0%) but higher than the national average (10.4% higher). Robbery is substantially higher than both state (53.6% higher) and national (181.9% higher) averages. • Future Development: No specific planned developments are detailed in the provided data. • The property includes a main house and a detached ADU. The ADU has a functional layout with a combined living/kitchen area, a separate bedroom, and a bathroom. The main house layout is not fully visible but appears to be a standard single-family home layout.