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1251-1253 Van Nuys St. - Pacific Beach 1251 Van Nuys St 2 Unit Apartment Building $5,000,000 ($2,500,000/Unit) 4.41% Cap Rate San Diego, CA 92109
Investment Highlights
- Luxury Residential
- Primary Residence + ADU
- Income Property Opportunity
- 6-Car Garage
Executive Summary
Primary residence plus an ADU in Pacific Beach, with a SIX-CAR GARAGE and an elevator. Luxury owner-user property with income optionality. Approximately 4,000 SF total, including an approximately 2,700 SF primary residence and 1,300 SF ADU. The ADU is located on the top level and is also served by the elevator. This offering has broad buyer appeal to investors, luxury buyers, owner-users, family-compound buyers, and 1031-exchange buyers. It can be purchased with the adjacent four units at 1243–1245 Van Nuys Street for $4 million, for a total price of $9 million. The combined offering includes six residences and 12 parking spaces, including a SIX-CAR GARAGE. Great location with ocean view! See additional media at https://media.snaprealphoto.com/sites/ezqwvbay/unbranded
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,000,000 | Property Subtype | Apartment |
| Price Per Unit | $2,500,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.41% | Building Size | 4,000 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 0% |
| Gross Rent Multiplier | 19.43 | No. Stories | 3 |
| No. Units | 2 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 1.5/1,000 SF |
| Zoning | R-1-7 | ||
| Price | $5,000,000 |
| Price Per Unit | $2,500,000 |
| Sale Type | Investment |
| Cap Rate | 4.41% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 19.43 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | R-1-7 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Heating
- Vaulted Ceiling
- Refrigerator
- Range
- Views
- Deck
- Handrails
- Island Kitchen
- Lawn
- Patio
- Wheelchair Accessible (Rooms)
Site Amenities
- Private Bathroom
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Fairly walkable
50/100
Very drivable
80/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 415-132-04 | Improvements Assessment | $940,000 |
| Land Assessment | $1,284,796 | Total Assessment | $2,224,796 |
Property Taxes
Parcel Number
415-132-04
Land Assessment
$1,284,796
Improvements Assessment
$940,000
Total Assessment
$2,224,796
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