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We are pleased to present 934-940 Chalcedony Street, a rare four-unit coastal investment opportunity with RTI plans for 4 additional 2nd level units ideally located just two blocks from the beach in the heart of Pacific Beach. Currently operating as a vacation rental, the property offers investors immediate income alongside a compelling value-add strategy in one of San Diego's most desirable and supply-constrained coastal rental markets. Built in 1948, the property consists of four 1-bedroom/1-bath residences, each approximately 525 square feet. Each unit is complemented by its own private one-car garage accessed from the alley, an increasingly scarce amenity within San Diego's beach communities. The existing interiors provide a clear opportunity for modernization, allowing a new owner to reposition the residences, enhance the guest experience, and potentially capture additional rental income. Further distinguishing the offering is its significant development potential. Existing plans contemplate the addition of four units through the construction of a new second floor, creating an opportunity to potentially double the existing unit count while maximizing the value of an irreplaceable coastal site. Combined with the opportunity to renovate the existing residences, the expansion strategy provides multiple avenues for long-term value creation. Located only two blocks from the Pacific Ocean, residents and guests enjoy convenient access to the beach as well as Pacific Beach's extensive collection of restaurants, cafés, retail, nightlife, and outdoor recreation.
Property Type(s):
Residential Income
| Last Updated | 11/3/2026 | Tract | Pacific Beach |
|---|---|---|---|
| Year Built | 1948 | Community | 92109 - Pacific Beach |
| County | San Diego |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | 92109 - Pacific Beach |
| LOT | 5920 sq ft |
| LOT DIMENSIONS | 5918 |
| STORIES | 1 |
| SUBDIVISION | Pacific Beach |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
Location
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Listed with Conor Brennan, Broker
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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