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Two Quadplex Redevelopment Opportunity

1173-1179 Felspar St. San Diego, CA 92109

1173-1179 Felspar St., San Diego, CA, 92109
$2,750,000
For Sale
Claim this Listing
$2,750,000

MULTI_FAMILY - San Diego, CA

Property Size3,212 SF
Lot Size2.00 Acres
Price / SF$856.16
AddedFeb 2
Days on Market163
Last RefreshJul 15 at 5:06 am

Property Features for 1173-1179 Felspar St.

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
5
Rooms
Bathroom 3, Bedroom 9, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 8, Bedroom 7, Bathroom 1, Bathroom 5, Bedroom 2
Pets allowed
Yes
Exterior features
Alley Access, Corner Lot, Public Street, West of I-5
Standard status
Active
APN
415-623-01-00
Size
3,212 SF
Lot size
2.00 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# 260004398 Listing URL

Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This offering presents a redevelopment opportunity comprising two separate four-unit residential complexes sold together. The property totals two parcels, with Parcel 1 (1165-1171) featuring three ground-floor 2-bedroom, 1-bath units plus one upstairs 2-bedroom, 2-bath unit. Parcel 2 (1173-1179) features three ground-floor 2-bedroom, 1-bath units plus one upstairs 3-bedroom, 2-bath unit. Each parcel includes four garages and a shared laundry room, providing existing onsite utility and parking capacity.

The complexes are positioned in a prime Pacific Beach setting, located near the intersection of Felspar and Everts streets. The property is described as being just one block from the Garnet Avenue main retail strip and a few short blocks from the beach, with proximity to local restaurants, shops, nightlife, and coastal attractions including Crystal Pier, Sail Bay, Mission Beach, and Belmont Park. Access to popular destinations and amenities is a central part of the overall tenant-demand and redevelopment appeal.

For investors and developers, the configuration of two independently parcelized quadplex buildings can support a range of value-add and redevelopment strategies, while the existing unit mix of multiple 2-bedroom layouts plus upper-level bedrooms and bathrooms may appeal to rental-focused operators seeking flexibility. The onsite garages and shared laundry infrastructure provide a practical foundation for future planning.

Key Highlights

  • Two parcels sold together totaling approx. 12,500 sq. ft. lot size (approx. 6,696 sq. ft. and 2nd parcel total both parcels combined).
  • Parcel 1 (1165‑1171): four 2‑bedroom, 1‑bath ground‑floor units (~760 sq. ft. each) plus one upstairs 2‑bedroom, 2‑bath unit (~932 sq. ft.).
  • Parcel 2 (1173‑1179): three 2‑bedroom, 1‑bath ground‑floor units (~760 sq. ft. each) plus one upstairs 3‑bedroom, 2‑bath unit (~932 sq. ft.).

Property Analytics

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Garden Center Daycare Center Furniture & Home Goods (Bike/Boat/Book/etc) Store Carpet & Flooring Store Clothing & Fashion Store (Bike/Boat/Book/etc) Store Nursing Home Plumbing Service Supermarket

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Two four-unit residential complexes offered together, featuring attached garages and shared laundry for redevelopment-focused ownership.
Where is this quadplex located?
The property is located at 1173-1179 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 totaling approx. 12,500 sq. ft. lot size (approx. 6,696 sq. ft. and 2nd parcel total both parcels combined).; Parcel 1 (1165‑1171): four 2‑bedroom, 1‑bath ground‑floor units (~760 sq. ft. each) plus one upstairs 2‑bedroom, 2‑bath unit (~932 sq. ft.).; Parcel 2 (1173‑1179): three 2‑bedroom, 1‑bath ground‑floor units (~760 sq. ft. each) plus one upstairs 3‑bedroom, 2‑bath unit (~932 sq. ft.).
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