- – beds
- – baths
- – sqft
- 6,098 sqft lot
- 1960 build
- – on site
This incredible value-add opportunity in the heart of Pacific Beach is an amazing investment opportunity. This well-maintained 11-unit apartment building offers a mix of 8 studios, 2 one-bedroom units, and 1 two-bedroom unit on a 6,251 square foot R-3 zoned lot. Located just blocks from the beach and Garnet Avenue, the property boasts a Walk Score® of 91 and provides tenants with easy access to restaurants, shops, nightlife, and public transportation. Onsite amenities include 12 surface parking spaces, onsite laundry, and separate electric meters for each unit. The two-bedroom unit is currently vacant, offering immediate upside potential. With strong rental demand and below-market rents, this asset presents an excellent opportunity for investors looking to reposition a coastal multifamily property in one of San Diego’s most desirable beach communities. See attached Memorandum in Documents.
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Last updated Jun 13, 2025
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MLS# PTP2504300 —
The Building
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Year Built:1960
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:6050.00
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Building Area Units:Square Feet
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Total Number Of Units:11
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# of Buildings:1
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:1
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# of Separate Water Meters:1
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# of Separate Electric Meters:11
Interior
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Levels:Two
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Entry Location:Ground level and second level
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Fireplace:No
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Laundry:Common Area, Community
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Laundry:1
Location
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Directions:GPS
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Latitude:32.79360100
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Longitude:-117.25357200
The Property
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Property Type:Residential Income
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Zoning:R-3:RESTRICTED MULTIPLE
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Lot Features:11-15 Units/Acre, Level with Street, Near Public Transit
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Lot Size Area:0.1400
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Lot Size Acres:0.1400
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Lot Size SqFt:6098.40
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Lot Size Source:Assessor
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Fence:No
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:000791
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Tax Lot:262/11,12
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4231220700
Heating & Cooling
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Cooling:No
Appliances
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Included:No
The Community
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Neighborhood:Pacific Beach
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Features:Sidewalks, Street Lights
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:No
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Assessments:None
Parking
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Parking:No
Extra Units
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Average 1 Bed Area:460
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Average 2 Bed Area:650
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Average Studio Area:325
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Number With Refrigerator:11
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/10/25
Jun 10, 2025
|
Listed / Active | CRMLS_CA | $4,000,000 |