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909 Chalcedony St - 909-911 Chalcedony Street 3 Unit Apartment Building Offered at $1,950,000 at a 3.15% Cap Rate San Diego, CA 92109
Investment Highlights
- Two blocks to beach
- ADU potential with garage conversion
- Value add potential with interior renovation
- Walking distance to Pacific Beach's most popular restaurants & nightlife
Executive Summary
Kidder Mathews is pleased to present 909–911 Chalcedony Street, a well-located triplex offering significant value-add potential in the desirable area of North Pacific Beach. Originally constructed in 1956, the property features a detached three-bedroom, one-bath single-family residence with a single-car garage at the front of the lot, along with a
rear duplex comprised of two stacked two-bedroom, one-bath units. The units have been well maintained but remain largely in original condition, providing a clear opportunity for a new owner to implement interior renovations with modern, high-end finishes and in-unit washer/dryers to substantially increase rental income. Additional upside exists through the potential conversion of the detached garage into an accessory dwelling unit (ADU).
Ideally situated within walking distance to Pacific Beach’s premier restaurants, nightlife, and amenities, the property benefits from a highly desirable coastal location that supports strong rental demand and long-term appreciation.
rear duplex comprised of two stacked two-bedroom, one-bath units. The units have been well maintained but remain largely in original condition, providing a clear opportunity for a new owner to implement interior renovations with modern, high-end finishes and in-unit washer/dryers to substantially increase rental income. Additional upside exists through the potential conversion of the detached garage into an accessory dwelling unit (ADU).
Ideally situated within walking distance to Pacific Beach’s premier restaurants, nightlife, and amenities, the property benefits from a highly desirable coastal location that supports strong rental demand and long-term appreciation.
Property Facts
| Price | $1,950,000 | Apartment Style | Garden |
| Price Per Unit | $650,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 2,684 SF |
| Cap Rate | 3.15% | No. Stories | 2 |
| Gross Rent Multiplier | 16.9 | Year Built | 1956 |
| No. Units | 3 | Parking Ratio | 2.24/1,000 SF |
| Property Type | Multifamily |
| Price | $1,950,000 |
| Price Per Unit | $650,000 |
| Sale Type | Investment |
| Cap Rate | 3.15% |
| Gross Rent Multiplier | 16.9 |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.14 AC |
| Building Size | 2,684 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 2.24/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $3,755 | 1,048 |
| 2+1 | 2 | $2,928 | 805 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
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909 Chalcedony St - 909-911 Chalcedony Street
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