Mission Blvd Fourplex Pacific Beach 3364-3370 Mission Blvd 4 Unit Apartment Building $4,100,000 ($1,025,000/Unit) 4.54% Cap Rate San Diego, CA 92109

Exceptionally rare coastal multifamily investment opportunity located in the heart of Mission Beach/Pacific Beach, just steps to the sand and one block from Belmont Park. Situated directly on the strand with immediate sidewalk access to the beach, this 4-unit property offers significant income potential, future redevelopment possibilities, and irreplaceable coastal location value in one of San Diego’s most desirable beach communities.
The property consists of four separate residential units with four private entrances, featuring an attractive unit mix of one 3-bedroom/2-bath unit approximately 930 square feet, one 2-bedroom/1-bath unit approximately 550 square feet, and two 1-bedroom/1-bath units approximately 550 square feet each, for a total of 7 bedrooms and 5 bathrooms. The two-story building includes shared outdoor patio areas ideal for grilling and entertaining, as well as an upper deck with ocean views from the second floor. Some renovations and improvements have already been completed, while substantial upside remains through additional modernization, repositioning, or redevelopment. The property is ideally suited for vacation rental use, owner-user investment, or long-term redevelopment strategy. Current ownership advises the property has historically operated with short-term rental use and buyers are encouraged to independently verify all STRO licensing requirements and future eligibility with the City of San Diego. Located within walking distance to the ocean, bay, restaurants, retail, nightlife, and major coastal attractions, opportunities to acquire multifamily properties in this location are extremely limited. Whether acquired as a legacy beach investment, value-add opportunity, vacation rental asset, or future redevelopment play, this property represents a premier coastal Southern California investment opportunity with long-term upside potential.