3917 Haines St - Haines Apartments 11 Unit Apartment Building Offered at $5,100,000 at a 4.16% Cap Rate San Diego, CA 92109

Walker & Dunlop is pleased to present Haines Apartments, an 11-unit coastal multifamily community ideally situated just steps from Sail Bay in Crown Point, a premier neighborhood within Pacific Beach and one of San Diego’s most desirable, supply-constrained coastal submarkets. The property has undergone a comprehensive exterior renovation, including new paint, a new roof, and a fully owned solar system. Additionally, 5 of the 11 units have received high-end interior renovations, giving new ownership a proven renovation program and a clear path to additional upside by completing the remaining units. Six of the studio units are cottage-style, featuring large, private, fenced yards facing the bay side that offer each tenant added
outdoor space and privacy.
Pacific Beach continues to command premium rents, achieving the second-highest average asking rents among comparable San Diego submarkets, supported by exceptional walkability, premier waterfront amenities, affluent demographics, and limited new multifamily supply. Residents enjoy an exceptional coastal lifestyle just minutes from Sail Bay, Crown Point Beach, Mission Bay, and the vibrant Garnet Avenue corridor, with immediate access to renowned dining, recreation, and entertainment, as well as convenient connectivity to Downtown San Diego and the region’s major employment hubs. With proven renovation execution, additional income upside, and no multifamily properties currently under construction or proposed within the immediate submarket, Haines Apartments represents a rare opportunity to invest in one of San Diego County’s most compelling coastal rental markets.