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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
Claim this Listing
$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 3:06 am

Property Features for 1165-1171 Felspar St.

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
5
Rooms
Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 8, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 5, Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 7
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

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 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 4‑unit residential complexes sold together in Pacific Beach on the corner of Felspar & Everts St.
  • Total lot size approx. 12,500 SF (approx. 6,696 SF for both parcels); corner lot with alley access and public street frontage.
  • Parcel 1 (1165‑1171): three 2BD/1BA ground‑floor units (~760 SF each) plus one upstairs 2BD/2BA (~932 SF); four garages and shared laundry room.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Daycare Center Garden Center Furniture & Home Goods Food Market (Bike/Boat/Book/etc) Store Carpet & Flooring Store Supermarket (Bike/Boat/Book/etc) Store Clothing & Fashion Store Restaurant

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

FAQs

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 4‑unit residential complexes sold together in Pacific Beach on the corner of Felspar & Everts St.; Total lot size approx. 12,500 SF (approx. 6,696 SF for both parcels); corner lot with alley access and public street frontage.; Parcel 1 (1165‑1171): three 2BD/1BA ground‑floor units (~760 SF each) plus one upstairs 2BD/2BA (~932 SF); four garages and shared laundry room.
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