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Seller Financing Available. A cash-flowing fourplex, one block off Ocean Drive, priced to clear the 1% rule on real rent "” and open to flexible terms. Whether you're moving in, adding a stabilized asset to your portfolio, or racing a 1031 clock, this is a rare combination of location, income, and deal structure that doesn't come around often in this neighborhood. Fourplex "” all 2-bed / 1-bath units, 4,696 SF total on a 10,498 SF lot. Current income mix: 1 long-term tenant, 3 units operated as MTR/STR Rent collected: ~$4,438/mo "” clears the 1% rule at list price (~1.2% rent-to-price ratio) Owner-occupants (FHA): Move into one unit and let the other three carry your mortgage. FHA financing opens the door with as little as 3.5% down, and the existing rent roll already supports strong debt coverage. Rarely does a property this well-located pencil this easily for a first-time buyer. Value-add investors: A stabilized asset that already cash flows, with upside still on the table "” light unit turns, further STR/MTR optimization, and RUBS not yet implemented. You're not betting on a turnaround; you're buying performance and layering on growth. 1031 exchange buyers: Clean, income-producing, and easy to underwrite fast "” built for buyers working against exchange deadlines who need certainty, not a project. Deal Terms "” Built for Buyers "” Seller financing available "” flexible down payment and interest-only terms, ask for details. All-cash offers reviewed and prioritized. Open to FHA, DSCR, conventional, and 1031 exchange buyers. One block from Ocean Drive, in the established Del Mar / Bessar Park neighborhood. Walking distance to Del Mar College; minutes from downtown and the Spohn Shoreline hospital district. Zoned to Menger Elementary, Baker Middle (rated "A"), and Ray High School. Real cash flow, flexible terms, and a location that holds tenant demand year-round "” this is a property built to close.
| DAYS ON MARKET | 11 | LAST UPDATED | 7/13/2026 |
|---|---|---|---|
| TRACT | Bessar Park | YEAR BUILT | 1942 |
| COUNTY | Nueces | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Menger |
|---|---|
| Jr. High School | Baker |
| High School | Ray |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| HEAT | Central, Natural Gas |
| INTERIOR | Other |
| LOT | 10454 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 10498 |
| PARKING | Carport |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Bessar Park |
| TAXES | 12103 |
| UTILITIES | Sewer Available, Water Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with TruStar Real Estate
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
This IDX solution is (c) Diverse Solutions 2026.
