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1460 Grand Ave 3 Unit Apartment Building $2,500,000 ($833,333/Unit) San Diego, CA 92109
Investment Highlights
- Rare Pacific Beach value-add opportunity combining immediate cash flow with significant long-term development potential.
- Renovated existing improvements provide stable in-place income while development plans progress toward approval.
- Proposed studio residences feature private balconies, with select upper-floor units offering potential Mission Bay and Pacific Ocean views.
- Plans in final review to expand the property from 3 to 9 residential units with six newly designed studio apartments.
- Driveway and alley access enhance parking flexibility, site circulation, and future construction logistics.
- Premier coastal location just blocks from Mission Bay, the beach, restaurants, cafés, shopping, and Pacific Beach's vibrant nightlife.
Executive Summary
Whitewater Commercial Real Estate is pleased to present 1460 Grand Avenue, a rare opportunity to acquire a renovated Pacific Beach triplex with plans in final review to build six additional studio units. The property offers immediate rental income, the potential for nine total units and a highly walkable coastal location approximately four blocks from Mission Bay and seven blocks from the Pacific Ocean.
Data Room Click Here to Access
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,500,000 | Building Class | C |
| Price Per Unit | $833,333 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 6,225 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2026 |
| Property Subtype | Apartment | ||
| Zoning | RM-2-5 | ||
| Price | $2,500,000 |
| Price Per Unit | $833,333 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,225 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2026 |
| Zoning | RM-2-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 753 - 760 |
| 3+1 | 1 | - | 760 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 423-181-14 | Improvements Assessment | $255,000 (2025) |
| Land Assessment | $1,632,000 (2025) | Total Assessment | $1,887,000 (2025) |
Property Taxes
Parcel Number
423-181-14
Land Assessment
$1,632,000 (2025)
Improvements Assessment
$255,000 (2025)
Total Assessment
$1,887,000 (2025)
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1460 Grand Ave
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