For this week’s House of the Week, Cirios takes you down the coast from San Francisco about 500 miles to one of California’s hidden gems: Ocean Beach in San Diego. Ocean Beach (or “OB” as the locals call it) is a modest, middle class town free of the pretentiousness of many other beach towns in Southern California. As a result, home prices didn’t experience the huge run-up that has plagued other areas. To be sure, it’s not cheap down there, but it’s tough to beat the location. (click on images to enlarge)

Home prices have slipped in OB along with the rest of the state, but it’s relative affordability along the coast has led to a less severe drop. It’s edgy, grungy vibe keeps the yuppies away — which is just the way the OBecians like it.

Address: 4844 Coronado Ave, San Diego, CA 92107
Status: ACTIVE
Bedrooms: 2; Bathrooms: 1
Living Space: 942 square feet
Lot Size: 1,591 square feet
List Date: 11/10/2008
Original List Price: $675,000
Current List Price: $625,000
Elementary School API: 894
Zip Code Sales Last 3 Months (year-over-year): -35.0%
% Homes in Foreclosure in Zip: 0.1% (Very Low)
% Housing Inventory For Sale in Zip: 0.3% (Very Low)

Real Estate Agent Comment: Brand new Vintage Beach Cottage with 550 SF of outside living area, private yards & large roof deck with ocean views. Great location on a wide concrete street, 1 1/2 blocks to ocean. Quiet area where palm trees and greenery fills the view. The cottage is an eclectic mix of vintage beach cottage and Spanish villa style. Beautiful, elegant finishes, classic materials and beach cottage colors all add up to a beautiful cottage your buyers will love.

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