1102 Pacific Beach Dr San Diego, CA 92109
Eight-unit apartment building near Sail Bay with value-add potential.
Property Features for 1102 Pacific Beach Dr
General Information
- Property type
- Commercial
- Standard status
- Active
Source:
Elliman
Listing Agent: Dylan Wright
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Coastal Apartment Building Near Sail Bay
This eight-unit apartment building is located steps from Sail Bay and four blocks from the ocean. The property features a unit mix of seven 2-bed/2-bath units and one 1-bed/1-bath unit. The building includes in-unit laundry, en suite bathrooms in the primary bedrooms of the 2-bed units, and eleven on-site parking spaces, including three tandem spaces, one single space, and two double garages. One top-floor bay view apartment will be delivered vacant at closing, suitable for immediate lease-up or owner-user occupancy. The property offers value-add opportunities through strategic renovations and lease turnovers, with current rents approximately 28% below market. Two units have already been upgraded. The rear double garages offer the potential to add ADUs.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.2481266
- Latitude
- 32.7924524
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit apartment building near Sail Bay with value-add potential.
Where is this apartment building located?
The property is located at 1102 Pacific Beach Dr San Diego, CA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: - A+ location directly across from Sail Bay and four blocks from the ocean.; - Significant income growth potential due to rents being approximately 28% below market.; - Desirable unit mix of seven 2-bed/2-bath units and one 1-bed/1-bath unit.
