Request More Info
Schedule a Showing
Share
Print
|
Exceptional value-add multifamily opportunity in the highly sought-after Mission Beach submarket. This 4-unit apartment property sits on an approximately 5,133 SF lot comprised of two APNs and offers a compelling investment profile with below-market rents, a vacant unit, and significant rental upside. The unit mix includes one 3-bedroom/2.5 bath unit, 2-bedroom/2-bath unit, and two 2-bedroom/1.5-bath units, providing strong tenant appeal in a supply-constrained coastal rental market. Current occupancy is 75%, with one vacant unit creating an immediate opportunity to establish market rent while preserving in-place cash flow from the occupied units. The property's location in Mission Beach benefits from exceptionally high barriers to entry, limited new multifamily development opportunities, and consistently strong demand for coastal housing. A standout feature is the extensive onsite parking, downstairs laundry facility, a storage room, including a 2-car garage, the other is a tandem 4-car with two additional spaces, giving this property 8 total parking spots! With one additional covered parking space, an increasingly scarce amenity in the coastal market. Positioned just 1 block from both the Pacific Ocean and the Mission Bay yacht club, the asset offers investors the opportunity to acquire a well-located coastal multifamily property with potential income growth and long-term appreciation in one of San Diego's most desirable beach communities. Property does present an opportunity for interior improvements and rental repositioning. Buyers to satisfy themselves regarding unit condition through seller-provided inspections and their own due diligence. Photos can be provided upon request. Don't miss this opportunity!
Property Type(s):
Residential Income
| Last Updated | 9/11/2026 | Year Built | 1980 |
|---|---|---|---|
| Community | 92109 - Pacific Beach | Garage Spaces | 2.0 |
| County | San Diego |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 92109 - Pacific Beach |
| CONSTRUCTION | Stucco, Wood Siding |
| EXTERIOR | Balcony, Barbecue |
| GARAGE | Yes |
| HEAT | None |
| INTERIOR | Walk-In Closet(s) |
| LOT | 5131 sq ft |
| LOT DESCRIPTION | Corner Lot, Near Public Transit |
| LOT DIMENSIONS | 5133 |
| PARKING | Attached Carport, Assigned, Garage Faces Rear, Storage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | Two, Multi/Split |
| UTILITIES | Cable Available, Electricity Available, See Remarks |
| VIEW | Yes |
| VIEW DESCRIPTION | Bay, Ocean |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Beach Access, Beach Front, Ocean Access |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Berkshire Hathaway HomeService
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.
This IDX solution is (c) Diverse Solutions 2026.
Twitter
Facebook
Email