Back to Search

Two-Fourplex Redevelopment Opportunity

1165-1171 Felspar St. San Diego, CA 92109

1165-1171 Felspar St., San Diego, CA, 92109

$2,750,000

For Sale

$2,750,000

MULTI_FAMILY - San Diego, CA

Property Size3,212 SF

Lot Size0.29 Acres

Price / SF$856.16

AddedFeb 2

Days on Market163

Last RefreshJul 15 at 5:06 am

Property Features for 1165-1171 Felspar St.

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 8
Bathrooms: 5
Rooms: Bathroom 1, Bedroom 8, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 5, Bedroom 6, Bathroom 4, Bedroom 2, Bedroom 7, Bedroom 5
Pets allowed: Yes
Exterior features: Alley Access, Corner Lot, Public Street, Sidewalks, West of I-5
Standard status: Active
APN: 415-623-21-00
Size: 3,212 SF
Lot size: 0.29 Acres

Utilities

Heating system: Gravity

Building Details

Year built: 1953
Floors in Building: 2
Number of units: 4
Roof type: Composition

Listing agent Justin D Hoech License #01926592

Listing office Shore Management Inc 820 Reed Avenue, San Diego, CA

Listing date Feb 2, 2026

MLS# 260004397 Listing URL

Investment Insights

Based on property information with market context.

This offering includes two parcels sold together, providing the opportunity to redevelop two separate 4-unit residential complexes. The property is comprised of ground-floor two-bedroom, one-bath units, along with upstairs larger units that include additional bedrooms and baths depending on the parcel. Parcel 1 consists of three 2-bedroom, 1-bath ground-floor units and one upstairs 2-bedroom, 2-bath unit, with four garages and a shared laundry room. Parcel 2 mirrors the overall arrangement with three 2-bedroom, 1-bath ground-floor units and one upstairs 3-bedroom, 2-bath unit, also supported by four garages and a shared laundry room.

Located on the corner of Felspar and Everts Street in Pacific Beach, the property sits near the area’s main Garnet Avenue corridor and is described as only a few blocks from the beach. The surrounding area features a dense mix of restaurants, shops, and entertainment, with proximity to coastal attractions including Crystal Pier, Sail Bay, Mission Beach, and Belmont Park. Access to these destinations is positioned as a key element of the asset’s appeal.

For buyers, this configuration is well suited to an investor or developer evaluating redevelopment potential within a sought-after coastal pocket and strong rental-demand area. The combination of two parcels, on-site garage storage, and shared laundry amenities can also support a range of transition strategies depending on the buyer’s end goal.

Key Highlights

Two parcels sold together in Pacific Beach on the corner of Felspar & Everts St. (west of I‑5) with alley access and sidewalks.
Total lot size approx. 12,500 sq. ft. (approx. 6,696 sq. ft. per parcel) with corner‑lot layout.
Parcel 1 (1165–1171) includes five units: three 2BR/1BA ground‑floor units (~760 sq. ft. each) and one upstairs 2BR/2BA unit (~932 sq. ft.).

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Similar For Sale Nearby

$900,000

Mixed-Use Corner Commercial Property

Dual-address corner storefront with separate entrances supports retail, office, medical, or creative use options.

3275 Euclid, San Diego, CA 92105

View Details
$2,669,000

3,800 SF

Three-Story Mixed-Use Building

Three-story mixed-use building with independently accessible floors, private ingress, and onsite parking for flexible use.

2368 2nd AVE, San Diego, CA 92101

View Details
$1,055,000

Freestanding Office Building with Parking

Freestanding office building operating as a mortuary, with chapel/viewing space and rear access plus on-site parking.

6334 University Avenue, San Diego, CA 92115

View Details
$2,495,000

1,900 SF

South Ocean Beach Triplex

Triplex with three units, direct entry, private yards, upgraded windows, granite counters, and independent electric meters.

4985-89 Narragansett Ave, San Diego, CA 92107

View Details
$1,100,000

1,760 SF

Remodeled Duplex with Rented Back Unit

Two homes on one lot, with a move-in ready front residence and a currently rented rear unit.

7180-82 Mohawk St, San Diego, CA 92115

View Details
$1,599,000

2,080 SF

Residential Income Duplex Opportunity

Two rear-positioned 3-bedroom, 2-bath condo units generate current rental income with possible garage conversions.

5419 Lauretta St Apt A &B, San Diego, CA 92110

View Details
$2,295,000

4,148 SF

Hillcrest Multifamily Investment Opportunity

Classic 6-unit apartment building in San Diego's vibrant Hillcrest neighborhood.

3409-21 5th Avenue, San Diego, CA 92103

View Details
$599,000

2,328 SF

Fixer-Upper Duplex with Corner Lot Access

Two-unit duplex on a corner lot with alley access and separate yard/parking for flexible resident or redevelopment use.

3186 Logan Avenue, San Diego, CA 92113

View Details
$1,895,000

2,900 SF

Upgraded 4-Unit Detached Quadplex

Four individually metered, detached residences with dedicated off-street parking and recent major improvements.

4847-53 Mansfield Street, San Diego, CA 92116

View Details
$3,250,000

6,245 SF

Golden Hill Multifamily Value-Add Opportunity

Eight-unit multifamily property in San Diego's Golden Hill neighborhood.

2934 F Street, San Diego, CA 92102

View Details
$1,350,000

1,662 SF

Updated Craftsman Duplex with ADU

Craftsman-style main home plus a newly built detached ADU with in-unit laundry and extensive 2020–2024 upgrades.

4493-95 Arizona St, San Diego, CA 92116

View Details
$4,890,000

3,750 SF

Mixed-Use Corner Property with Office

Five-unit mixed-use asset with a long-term leased office and extensively remodeled residential units, plus upgraded building systems.

110 Maple, San Diego, CA 92103

View Details

For sale
Apartment buildings
CA
San Diego
92109
1165-1171 Felspar St.

What type of property is this?

Apartment building - Two 4-unit residential complexes offer a prime redevelopment setup in a high-demand Pacific Beach location.

Where is this apartment building located?

The property is located at 1165-1171 Felspar St. San Diego, CA.

What is the asking price?

The asking price for this property is $2,750,000.

What are key features of this property?

This property features: Two parcels sold together in Pacific Beach on the corner of Felspar & Everts St. (west of I‑5) with alley access and sidewalks.; Total lot size approx. 12,500 sq. ft. (approx. 6,696 sq. ft. per parcel) with corner‑lot layout.; Parcel 1 (1165–1171) includes five units: three 2BR/1BA ground‑floor units (~760 sq. ft. each) and one upstairs 2BR/2BA unit (~932 sq. ft.).

1165-1171 Felspar St. San Diego, CA 92109

MULTI_FAMILY - San Diego, CA

Property Features for 1165-1171 Felspar St.

General Information

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Mixed-Use Corner Commercial Property

Three-Story Mixed-Use Building

Freestanding Office Building with Parking

South Ocean Beach Triplex

Remodeled Duplex with Rented Back Unit

Residential Income Duplex Opportunity

Hillcrest Multifamily Investment Opportunity

Fixer-Upper Duplex with Corner Lot Access

Upgraded 4-Unit Detached Quadplex

Golden Hill Multifamily Value-Add Opportunity

Updated Craftsman Duplex with ADU

Mixed-Use Corner Property with Office

FAQs