2052 ITALIA STREET, San Juan, PR 00911

Value-Add Multifamily in Ocean Park – Steps from the Beach on Calle Italia
Located just one block from the sand in San Juan’s iconic Ocean Park neighborhood, this rare five-unit multifamily property sits on the highly coveted Calle Italia and offers a unique opportunity for investors or owner-occupants. The property is currently vacant, providing a blank slate to renovate and reposition for short-term, long-term, or mixed-use income.

Property Layout:
• Main Residence (Ground Floor – approx. 1,407 sq. ft.):
3 bedrooms, 2 bathrooms, living room, dining area, kitchen, laundry, utility, and storage rooms. Includes a 1-car carport and access to a fenced, paved patio area, ideal for outdoor living or future enhancements.
• Unit 2 (Second Floor – approx. 733 sq. ft.):
2-bedroom, 1-bath unit with open kitchen/living/dining space and two private terraces, offering excellent indoor-outdoor potential.
• Unit 3 (Second Floor – approx. 344 sq. ft.):
1-bedroom, 1-bath apartment with a private balcony.
• Unit 4 (Second Floor – approx. 374 sq. ft.):
1-bedroom, 1-bath unit with flexible layout and access to a shared terrace.
• Rear Unit (Approx. 377 sq. ft.):

A separate 1-bedroom apartment located behind the main house with its own kitchen and living space—great for guest use or rental.

Condition: The property will benefit from renovation. With a great location, it’s ideal for buyers looking to add value and maximize rental income. This is a rare opportunity to transform a multifamily asset in a premier coastal location—steps from the ocean and minutes to everything in San Juan.