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1102 Pacific Beach Dr San Diego, CA 92109

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For Sale
$4,800,000

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

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Listing Contact
Dylan Wright
Source: Elliman

Listing Agent: Dylan Wright

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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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

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

Location Insight

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City
San Diego
County
San Diego
State
California
Longitude
-117.2481266
Latitude
32.7924524

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.
More about this property
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