Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Lot size

6,218 sqft

Year built

1952

Stories

2

Cooling

Central Air

Status

Active

Days on market

1

MLS #

246619210

About this property

Four-unit investment opportunity in the heart of Pacific Beach with existing income and additional development potential. The property features a desirable mix of one- and two-bedroom residences, including two spacious two-bedroom/one-and-one-half-bath units, one two-bedroom/two-bath unit, and one one-bedroom/one-bath unit. Plans have been prepared for three additional ADUs, offering an opportunity to expand the property to seven total units, subject to City review and approval. Conveniently located near the beach, Mission Bay, restaurants, shopping, entertainment, public transportation, and major employment centers. An opportunity to acquire an income-producing coastal asset with multiple paths for future value creation. Buyer to independently verify leases, rents, deposits, square footage, zoning, ADU feasibility, plan status, permitting requirements, and all property information with the appropriate professionals and governmental agencies.

Location

1228 Grand

San Diego, San Diego, CA, 92109