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Waterfront 8-Unit Apartment Building
For Sale
Contact for pricing
Pending

3918 Gresham St, San Diego, CA 92109

Maintained waterfront apartment property with a mix of one- and two-bedroom units.

Property SizeContact for details
Lot Size0.19 Acres
Days on Market141

Property Features for 3918 Gresham St

General Information

Standard status Pending
Lot size 0.19 Acres
Property subtype Multifamily

Property Condition

Severity Repairs Needed
Evidence Plenty of Room for Upgrades

Units

Unit Mix 6 x 1br, 2 x 2br
Multifamily Units 8

Building Details

Year Built 1957
Listing Agency: eXp Commercial
Listed By: Monroe Herington · License #CA 01930053
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 4:19AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial

Investment Insights

Based on property information with market context.

This 8-unit apartment building occupies an 8,119-square-foot waterfront lot on Sail Bay in Pacific Beach. The unit mix includes six 1-bedroom apartments and two bay-front 2-bedroom apartments, with panoramic bay views. Constructed in 1957, the property has been maintained by its original owners, and most residences remain in their original condition.

Recent improvements include a new roof and new plumbing. The property is located at 3918 Gresham St in San Diego, within the Pacific Beach area and directly associated with Sail Bay. Its waterfront setting and varied unit configuration provide a clear physical profile for multifamily ownership.

Key Highlights

  • 8‑unit apartment building on an 8,119‑square‑foot waterfront lot
  • Located on Sail Bay in Pacific Beach, San Diego
  • Unit mix includes 6 1‑bedroom and 2 2‑bedroom apartments

Property Analytics

Current Use

Yacht Rental San ... Boat Rental Service

Suggested Use

Top Pick Garden Center Furniture & Home Goods (Bike/Boat/Book/etc) Store Clothing & Fashion Store Daycare Center Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

2,382
Businesses Nearby

Demographics for 92109, CA

44,671
Population
26,503
Households
1.7
Avg Household Size
35
Median Age
70%
College-Educated
97%
High-School Grad
7.6 sq mi
ZIP Area
5,878
Density / Sq Mi
$118,300
Median Household Income
$71,054
Median Earnings
$2,362
Median Rent
$1,136,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Maintained waterfront apartment property with a mix of one- and two-bedroom units.
Where is this apartment building located?
The property is located at 3918 Gresham St San Diego, CA.
What are key features of this property?
This property features: 8‑unit apartment building on an 8,119‑square‑foot waterfront lot; Located on Sail Bay in Pacific Beach, San Diego; Unit mix includes 6 1‑bedroom and 2 2‑bedroom apartments
(619) 929-6546 Call to check price and availability
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