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.
6,320 Sq Ft
7,840.8 Sq Ft Exterior Space
Investment
Built in 1950
MLS/Listing ID PTP2504299
10 Units
Community - Sidewalks
Community - Street Lights
Community - Storm Drains
Community - Gutters
Common Area
Community - Curbs
Listing Courtesy of REALTY EXECUTIVES DILLON, MIKE AON - 619-504-5042
Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE