5.01% CAP RATE; THE HIGHEST MULTIFAMILY CAP RATE IN PB. We are pleased to present 2635-39 Magnolia Avenue, a fully renovated 5-unit complex in the highly popular Pacific Beach neighborhood of San Diego, CA. Resting near the end of a quiet col-de-sac, Magnolia features a desirable mix of four 2-bedroom /1-bath units and a single studio unit (affordable; 110% AMI). Of the four 2-bedrooms which range from 733 square feet to 750 square feet, one is a 2-story townhome. The studio is approximately 350 square feet. Units include their own in-unit washer/dryers, new vinyl plank flooring, wall-heaters, stainless steel appliances, new ceiling fans, refurbished and new cabinetry along with new kitchens and bathrooms. The complex was built in 1960 and totally restored with additional ADUs added in 2023-2024. The lot is approximately 6,185 square feet zoned RM-3-8 (1du per 800sf) with 3,525 square feet of improvements and four tandem parking spaces.More details
1ST TIME ADVERTISED - If you go to the property, please don't tell others this property is for sale - 6 Blocks to the beach or La Jolla - 100% rented - Very visible standalone building - Retail & residential mixed use - Over 32,000 vehicles pass by at a slow speed in front of the property every day - The City said it can be built up to 4,680 square feet & up to 35 feet high, the buyer to confirm this with the City before the close of escrow - Walking distance to hundreds of restaurants, bars, shops, the beach, etc.More details
Lowest price per unit in all of Mission Beach!! Located steps from the beach, 2931 Mission Blvd is an exceptional 8-unit property in the heart of Mission Beach. The two-story building features four 1-bedroom/1-bath units and four studio apartments across 3,108 square feet on a 2,962 square foot lot. Units include upgraded kitchens with granite countertops, heating systems, and double-pane windows. With strong occupancy, R4 zoning, and unbeatable proximity to Belmont Park, Mission Bay, and top universities, this property offers stable income, coastal lifestyle appeal, and future development potential.More details
REDUCED PRICE! Please contact the listing agent for the Offering Memorandum. Adelle Mar Apartments is a prime multifamily investment opportunity located in the highly desirable coastal community of Pacific Beach, San Diego. This well-maintained asset features an attractive unit mix comprising two studios, seven one-bedroom/ one-bath units, and one two-bedroom/one-bath unit. The property has benefited from recent capital improvements and major building system upgrades, with select units receiving moderate interior renovations. For investors seeking value-add potential, there is significant upside through a comprehensive renovation program that could substantially increase rental income. Strategically located west of Interstate 5 and within walking distance to Mission Bay and Mission Bay Park—a 4,600-acre aquatic recreation area—Adelle Mar Apartments offers residents easy access to scenic beaches, outdoor activities, and an array of popular local restaurants, retail, and entertainment options. The neighborhood maintains a quiet, beach-town atmosphere with plentiful street parking. DO NOT WALK THE PROPERTY WITHOUT THE LISTING BROKER PRESENT. TENANTS ARE NOT AWARE OF THE BUILDING SALE. PLEASE DO NOT APPROACH OR DISTURB ANY OF THE TENANTS.More details
An extremely rare offering of 6 Units in the heart of Mission Beach on 2 APN's! This trophy property is located just steps to the sand and consists of (4) 2 bed / 1 bath units & (2) 1 bed / 1 bath units. Located within comfortable walking distance to dozens of restaurants, cafes, bars, Belmont Park and other entertainment options, the location is a 10/10 and these units would perform well as either long or short term rentals. With create occupancy, a savvy investor can immediately take advantage of obtaining Tier 2 licenses for a portion of the units. If you are looking for a stable, low vacancy property while getting on the waitlist to obtain full time Tier 4 short term licenses, this is the perfect fit. You truly do not want to miss out on this incredible opportunity!More details
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