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Rarely does a North Pacific Beach property present this level of flexibility, income, and long-term upside. Situated on an oversized 7,221 sq ft lot just 0.2 miles (a 5-minute walk) from the beach, this two-unit property is a compelling opportunity for investors, second-home buyers, and developers alike. The existing improvements include two 2-bedroom, 1-bath units, each with its own private outdoor space and one-car garage. Both units are lightly updated, featuring refreshed flooring, and are currently operated as proven short-term rentals. Ocean views are already captured from one unit, with the potential to enhance views through future development. Zoned RM-2-5 and located within the Complete Communities Housing Solutions (CCHS) area, the property unlocks a wide range of redevelopment pathways. Options include converting the garages into two studio ADUs, reconfiguring or expanding to four standard units, developing five condominiums, or pursuing a higher-density project of up to 14 units (subject to buyer verification and entitlements). A 30-foot height limit and 2.5 FAR further support the site's development potential. Located within the La Jolla school boundaries and surrounded by primarily residential uses, this is a rare chance to acquire a high-performing coastal asset with meaningful current income and exceptional future optionality "” just moments from the sand. Rarely does a North Pacific Beach property present this level of flexibility, income, and long-term upside. Situated on an oversized 7,221 sq ft lot just 0.2 miles (a 5-minute walk) from the beach, this two-unit property is a compelling opportunity for investors, second-home buyers, and developers alike. The existing improvements include two 2-bedroom, 1-bath units, each with its own private outdoor space and one-car garage. Both units are lightly updated, featuring refreshed flooring, and are currently operated as proven short-term rentals with strong performance. Ocean views are already captured from one unit, with the potential to enhance views through future development. Zoned RM-2-5 and located within the Complete Communities Housing Solutions (CCHS) area, the property unlocks a wide range of redevelopment pathways. Options include converting the garages into two studio ADUs, reconfiguring or expanding to four standard units, developing five condominiums, or pursuing a higher-density project of up to 14 units (subject to buyer verification and entitlements). A 30-foot height limit and 2.5 FAR further support the site's development potential. Located within the La Jolla school boundaries and surrounded by primarily residential uses, this is a rare chance to acquire a high-performing coastal asset with meaningful current income and exceptional future optionality "” just moments from the sand.
Property Type(s):
Residential Income
| Last Updated | 3/9/2026 | Tract | Pacific Beach |
|---|---|---|---|
| Year Built | 1948 | Community | 92109 - Pacific Beach |
| County | San Diego |
Additional Details
| AIR | Zoned |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | 92109 - Pacific Beach |
| HEAT | Electric, Zoned |
| LOT | 7222 sq ft |
| LOT DIMENSIONS | 125x58 |
| POOL DESCRIPTION | None |
| STORIES | 1 |
| SUBDIVISION | Pacific Beach |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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