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Key Details
Sold Price $5,950,000
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Sold
Purchase Type For Sale
Square Footage 5,412 sqft
Price per Sqft $1,099
MLS Listing ID 240008647
Sold Date 06/06/25
Bedrooms 10
Property Sub-Type Com-Res Income
Property Description
VERY RARE opportunity in an A+ location (1 of 49 parcels on Sail Bay, in Pacific Beach)! *original owner* 8-unit trophy property situated on a large 8,119 sq ft waterfront lot in Pacific Beach, San Diego. Unit mix is comprised of (6) spacious 1BR 1BA units, and (2) bay-front 2BR 1BA units with panoramic views of the bay. The 1957 building has been very well maintained. Most of the units are original, with some upgrades including flooring. All units are in great condition, however. Still plenty of room room for upgrades and value-add. Rents are slightly below market. Roof replaced 2013, and plumbing re-done. This is a Legacy property that presents an incredible buy and hold opportunity, with long term development potential. For those seeking a safe and lucrative place to park capital, you will not find a better property. Waterfront property in San Diego is incredibly limited and is always in demand.
Location
State CA
County San Diego
Area Coastal South
Zoning RM 2-5
Interior
Heating Other/Remarks
Cooling None
Fireplace No
Exterior
View Y/N No
Building
Story 2
Others
Tax ID 423-381-18-00
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Bought with Monroe Herington eXp Realty of California, Inc.