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$ 2,300,000
Est. payment | /mo
6,216 Sqft Lot
$ 2,300,000
Est. payment | /mo
6,216 Sqft Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Pacific Beach
MLS Listing ID 250035996SD
HOA Y/N No
Year Built 1952
Lot Size 6,216 Sqft
Property Description
"RARE Pacific Beach 4-Unit Investment Opportunity Just 4.5 Blocks to the Ocean" WHAT WE LOVE: Unique opportunity to own a fully rented 4-unit property in the heart of Pacific Beach. Situated on historic Grand Avenue just 4.5 blocks from the beach, this property features a unique and desirable layout with a detached single-family home in the front and a three-unit structure in the rear, accessible via the alley. Two-single car garages from the alley and additional off-street parking add valuable functionality and tenant appeal. Private yard or patio space for each unit: Unit A) Detached house: front yard + back patio. Unit B) Two-story: private patio w/ enclosed wood fence. Unit C) Ground level: back patio w/ enclosed wood fence. Unit D) Upstairs: patio/balcony. Rear units just had the entire roof redone - new wood, TPO on flat portion, drains, gutters, fascia - with a transferrable warranty, upgraded electrical panel, fresh wood siding in sections and property has just received Sec. 1 termite clearance. Each unit is currently occupied, providing immediate income in one of San Diego's most established coastal rental markets. The front home offers its own driveway and entry, elevated up off the street with a privacy hedge, front yard/patio and mature tree canopy providing a little extra. While the rear units enjoy private access and dedicated parking. Zoned for long-term rental investment with stable occupancy and strong area demand. Close to shopping, dining, and beach access, this is a solid portfolio addition in a high-demand neighborhood with proven rentability. WHAT WE LOVE (Cont..): Located just 4.5 blocks from the Pacific Ocean, this centrally positioned 4-unit property sits in one of the most walkable and vibrant sections of Pacific Beach. Tenants enjoy easy access to everything PB has to offer: miles of sandy beaches, the scenic boardwalk, and nearby Mission Bay, Sail Bay, and Crown Point for kayaking, paddleboarding, and cycling. Historic Grand Avenue also offers tenants walkable public transportation options and is home to local events like the PB Holiday Parade and seasonal farmers markets. Within a short stroll are dozens of popular restaurants, cafés, breweries, fitness studios, and boutique shops — making this area a year-round hotspot for renters. Highly accessible to nearby universities including UCSD, USD, PLNU, and SDSU, this location draws student, faculty, and professional tenants alike. Zoned for Pacific Beach Middle School (recently remodeled and now an International Baccalaureate (IB) school) and Mission Bay High School (also IB designated), the area continues to gain appeal among tenants seeking strong academic options. Just minutes to downtown San Diego, the airport, and major freeways, this property offers both a premium beachside lifestyle and commuter convenience — a rare combination that supports long-term rental stability.
Location
State CA
County San Diego
Area 92109 - Pacific Beach
Building/Complex Name 1228 Grand Ave
Zoning R-3:RESTRI
Interior
Cooling None
Fireplace No
Exterior
Fence None
Pool None
View Y/N No
Roof Type Composition
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4231611600
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Jesse Ibanez The Greenhouse Group Inc