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$3,945,000
Est. payment /mo
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Pacific Beach
MLS Listing ID 250032404SD
HOA Y/N No
Year Built 1980
Property Description
OPTIONS! Long term rental, Airbnb or potential condo conversion. $250,000+ current gross annual income. 1152-54 Pacific Beach Dr. is a premier four-unit investment property in the coveted Sail Bay neighborhood of Pacific Beach, San Diego. Originally constructed in 1980 and extensively renovated in 2023, this coastal gem features a desirable condo quality mix of one large four-bedroom/two-bath front house, one three-bedroom/two-bath unit, and two two-bedroom/two-bath units. Two single car garages are also at the rear of the building along with four surface parking spaces. The units are spacious, ranging from 800 to 2,000 square feet, boasting modern interiors with new kitchens, stainless steel appliances, marble countertops, and farm-style sinks. Select units include full-size washer/dryers, and all benefit from air conditioning and new dual-pane windows. Additional upgrades include a new 30 year roof, all new electrical sub-panels, iron security gates, EV charging stations and more. Ideally situated just one block from Sail Bay, residents enjoy proximity to the Bayside Boardwalk, Fanuel Street Park, and the Catamaran Resort, with the Pacific Ocean also a short walk away. Numerous shops, restaurants, and bars of Pacific Beach and Mission Beach are also within easy reach, enhancing the property's appeal for residents. This versatile investment offers opportunities for long-term rentals, lucrative Airbnb potential, or potential condo conversion, with comparable nearby condos fetching nearly $1,000 per square foot.
Location
State CA
County San Diego
Area 92109 - Pacific Beach
Interior
Cooling See Remarks
Fireplace No
Exterior
Community Features Gated
View Y/N No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 42325214
Security Features Gated Community
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Listed by Nate Pepper CBRE