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1152 Pacific Beach Dr 4 Unit Apartment Building $3,895,000 ($973,750/Unit) 4.57% Cap Rate San Diego, CA 92109
INVESTMENT HIGHLIGHTS
- Extensive Renovation Completed in 2023
- Prime Sail Bay Location in The Heart of Pacific Beach – One Block To The Water
- $250,000 Current Annual Gross Scheduled Income
- Excellent Unit Mix of Large Two and Three Bedrooms + Five Bedroom Front House
- Onsite Parking + Garages for ADU Potential
EXECUTIVE SUMMARY
CBRE is pleased to present 1152-54 Pacific Beach Dr., an exceptional coastal four-unit investment property located in the highly soughtafter Sail Bay neighborhood of Pacific Beach in San Diego.
Originally built in 1980 and extensively renovated in 2023, the property features an incredible unit mix of one (1) large four-bedroom two bath + den, one (1) three-bedroom two bath and two (2) two bed two bath units. Two single car garages are at the rear of the building along with four surface parking spaces. The units feature spacious layouts with sizes range from 800 sf to 2,000 sf. Interior renovations include all new kitchens with stainless appliances, quartz counters, new cabinetry and farm style sinks. Three of the four units feature air conditioning and select units with full-size washer/dryers. Exterior renovations include all new 30-year roofs, dual pane windows, security gates, updated garage doors and custom metal work exterior stairs.
Originally built in 1980 and extensively renovated in 2023, the property features an incredible unit mix of one (1) large four-bedroom two bath + den, one (1) three-bedroom two bath and two (2) two bed two bath units. Two single car garages are at the rear of the building along with four surface parking spaces. The units feature spacious layouts with sizes range from 800 sf to 2,000 sf. Interior renovations include all new kitchens with stainless appliances, quartz counters, new cabinetry and farm style sinks. Three of the four units feature air conditioning and select units with full-size washer/dryers. Exterior renovations include all new 30-year roofs, dual pane windows, security gates, updated garage doors and custom metal work exterior stairs.
PROPERTY FACTS
| Price | $3,895,000 | Apartment Style | Garden |
| Price Per Unit | $973,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 4.57% | Building Size | 4,628 SF |
| Gross Rent Multiplier | 15.62 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Zoning | RM-2-5 - Multi-Family 10 units or less | ||
| Price | $3,895,000 |
| Price Per Unit | $973,750 |
| Sale Type | Investment |
| Cap Rate | 4.57% |
| Gross Rent Multiplier | 15.62 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 4,628 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2023 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | RM-2-5 - Multi-Family 10 units or less |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+2 | 1 | - | 2,000 |
| 3+2 | 1 | - | 1,000 |
| 2+2 | 2 | - | 814 |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (72)
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1152 Pacific Beach Dr
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