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$4,000,000
Est. payment /mo
6,320 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,320 sqft
Price per Sqft $632
MLS Listing ID CRPTP2504299
HOA Y/N No
Year Built 1950
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Other
Property Description
Incredible opportunity to own a 10-unit multifamily property in the heart of Pacific Beach (92109), one of San Diego’s most sought-after coastal communities. Just blocks from the ocean, this walkable location boasts a Walk Score® of 88 and provides easy access to Garnet Avenue, shops, restaurants, nightlife, and public transit. This Pacific Beach, prime location multi-unit property consists of ten 1-bedroom units with development potential to convert several units into 2-bedroom layouts (buyer to verify). Situated on a 7,876 SF R-3 zoned lot (0.18 acres), the site also offers long-term redevelopment upside. Additional features include 10 surface parking spaces, strong in-place income, and significant value-add potential through interior renovations and rent optimization. With limited inventory in the area and high tenant demand, this is a rare investment opportunity with room to grow in both cash flow and equity. See attached Memorandum in Documents.
Location
State CA
County San Diego
Zoning R-3:
Interior
Fireplace No
Laundry Common Area, Other
Building
New Construction No
Others
Tax ID 4152421000
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2504299
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Listed by Mike Aon • Realty Executives Dillon