1057-1071 Grand Ave, San Diego, CA 92109

This for-sale multifamily property features eight total units in a single apartment building configuration, supported by eight garages. Each unit is a 2-bedroom, 1-bath layout with approximately 825 square feet and includes a patio. The property has an overall residential total of 6,600 square feet, situated on a 12,490 square foot lot. One unit is identified as vacant, while the remaining units are operated as a combination of short-term vacation rentals and long-term rentals. The garages also offer potential for garage-to-ADU conversions, subject to applicable approvals.

The property is located at 1057-1071 Grand Ave in Pacific Beach, San Diego, and is described as only about 3.5 blocks to the ocean. The seller notes that there are still STVR licenses available in the City of San Diego. The tenancy mix is stated as three STVRs, four long-term rentals, and one vacant unit.

For buyers and operators seeking an income property with on-site garage assets and an existing rental mix, this offering provides 2/1 unit consistency along with patio features and a convenient coastal proximity. The current rents are described as extremely low, and the remarks include a projection that the CAP could be 4.5% at $3,500 per month rent without updating, along with the possibility of converting garages to ADUs through the applicable process.