1152 Pacific Beach Drive

San Diego, CA 92109

$4,250,000
Price
11
Beds
8
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Newly renovated 4-unit investment property nestled in the sought-after Pacific Beach neighborhood of San Diego. Each expansive unit distinguished by its own unique layout, bed/bath count and charm, the property encompasses a total of 11 bedrooms and 8 bathrooms. This is a perfect opportunity for a 1031 exchange. Updates include 30 yr roof, updated rain gutters, fascia and sub roofing, wrought iron security gates w key code access, hard wired security camera installation, updated fencing and turf,...Newly renovated 4-unit investment property nestled in the sought-after Pacific Beach neighborhood of San Diego. Each expansive unit distinguished by its own unique layout, bed/bath count and charm, the property encompasses a total of 11 bedrooms and 8 bathrooms. This is a perfect opportunity for a 1031 exchange. Updates include 30 yr roof, updated rain gutters, fascia and sub roofing, wrought iron security gates w key code access, hard wired security camera installation, updated fencing and turf, new A/C/heat in all units, dual pane windows and sliders, modern garage doors + lift systems and Tesla EV Charging station. Laundry in 2 units + onsite laundry. Unit interiors have been meticulously upgraded with stainless steel appliances, quartz countertops, luxury vinyl plank flooring, electric fireplaces, recessed lighting, custom light fixtures, LED mirrors in bathrooms and more. Within 5 blocks to Mission Beach and 1 block to Sail Bay, this opportunity is a rarity in Pacific Beach for its cash flow, so do not miss your chance to own this incredible investment.

Listing Agents

  1. Jason Royle

    Jason Royle

    Listing Agent

    Compass

    DRE #01993838

  2. Candace Stadelmann

    Candace Stadelmann

    Alternative Listing Agent

    Compass

    DRE #01470378

Property Details for 1152 Pacific Beach Drive

Zoning
RM-2-5
Cross Streets
Everts
Source Living Area
Assessor
Area
Pacific Beach (PAB)
Lot Size Area
5574
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly

Location

Listing Courtesy of Compass, Jason Royle, DRE #01993838; Compass, Candace Stadelmann, DRE #01470378
Add your commute
LISTING UPDATED: 04/01/2024 09:41 PM

Property Details for 1152 Pacific Beach Drive

StatusActive
MLS #240006923SD
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1980
Lot Size0.13 AC / 5,574 SF
CountySan Diego County

Location

Listing Courtesy of Compass, Jason Royle, DRE #01993838; Compass, Candace Stadelmann, DRE #01470378
Add your commute

Building Information for 1152 Pacific Beach Drive

Stories2Residences-Year Built1980Building Size-Lot Size0.13 AC / 5,574 SF

Payment Calculator

$23,194 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,194

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1152 Pacific Beach Drive

Community / Development
Community / Development
  • Complex Name: None
  • Number Of Units: 4
  • Builders Tract Name: Pacific Beach
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: Gated, Owned
  • Sewer: Sewer Connected
Contract Info
Contract Info
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $193,243.00
  • Gross Scheduled Income: $234,600
  • Cap Rate: 6.77%
  • Gross Rent Multiplier: $18.11
  • Other Income1: $800.00
  • Total Annual Expense: 41357
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall/Window
  • Heating Type: Forced Air, Natural Gas
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Gate
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional
  • Tenant Pays: Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Rent: $6,500.00
  • Unit Actual Rent: $6,500.00
  • Unit Projected Rent: $6,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $4,500.00
  • Unit Projected Rent: $4,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Rent: $4,050.00
  • Unit Actual Rent: $4,050.00
  • Unit Projected Rent: $4,050.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $4,500.00
  • Unit Projected Rent: $4,750.00
  • Like Units: 1

Property History for 1152 Pacific Beach Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1152 Pacific Beach Drive

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Crown Point Jr Music Academy
PublicK to 5

Pacific Beach Middle School
Public6 to 8

Mission Bay High School
Public9 to 12

Barnard Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1152 Pacific Beach Drive is a multi-family home for sale in San Diego, CA 92109. This property was listed for sale on March 31, 2024 by Compass, it's currently listed at $4,250,000. It has been on the market for a total of 27 days and was last sold on March 23, 2022. This listing's school district is San Diego Unified School District. Nearby schools include Crown Point Jr Music Academy, Pacific Beach Middle School and Mission Bay High School. 1152 Pacific Beach Drive is a 11-bed, 8-bath, multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Jason Royle, DRE #01993838; Compass, Candace Stadelmann, DRE #01470378

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