$3,945,000

1152-54 Pacific Beach Dr San Diego, CA 92109

Pacific Beach Neighborhood

Estimated payment $24,964/month

Total Views 7,592
11 Beds
8 Baths
4,628 Sq Ft
$852 Price per Sq Ft

Highlights

  • Gated Community
  • Gated Home
  • 5-minute walk to Fanuel Street Park
  • Crown Point Junior Music Academy Rated A-

About This Home

OPTIONS! Long term rental, Airbnb or potential condo conversion. $250,000+ current gross annual income. 1152-54 Pacific Beach Dr. is a premier four-unit investment property in the coveted Sail Bay neighborhood of Pacific Beach, San Diego. Originally constructed in 1980 and extensively renovated in 2023, this coastal gem features a desirable condo quality mix of one large four-bedroom/two-bath front house, one three-bedroom/two-bath unit, and two two-bedroom/two-bath units. Two single car garages are also at the rear of the building along with four surface parking spaces. The units are spacious, ranging from 800 to 2,000 square feet, boasting modern interiors with new kitchens, stainless steel appliances, marble countertops, and farm-style sinks. Select units include full-size washer/dryers, and all benefit from air conditioning and new dual-pane windows. Additional upgrades include a new 30 year roof, all new electrical sub-panels, iron security gates, EV charging stations and more. Ideally situated just one block from Sail Bay, residents enjoy proximity to the Bayside Boardwalk, Fanuel Street Park, and the Catamaran Resort, with the Pacific Ocean also a short walk away. Numerous shops, restaurants, and bars of Pacific Beach and Mission Beach are also within easy reach, enhancing the property’s appeal for residents. This versatile investment offers opportunities for long-term rentals, lucrative Airbnb potential, or potential condo conversion, with comparable nearby condos fetching nearly $1,000 per square foot.

Listing Agent

Nate Pepper

CBRE License #01993739 Listed on: 07/03/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Additional Features

  • 2-Story Property
  • Gated Home

Listing and Financial Details

  • Assessor Parcel Number 423-252-14

Community Details

Overview

  • 2 Buildings
  • 4 Units

Additional Features

  • Net Operating Income $177,366
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Dawes
  • Neighborhood: Sail Bay
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 1980
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Gate

Utilities

  • Security: Gated Community

Condo/Co-op/Association

  • Community: PACIFIC BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 423-252-14

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 177366
  • Annual Expense Actual: 65130
  • Gross Rent Multiplier Actual: 15.62
  • Gross Sched Income Actual: 252600
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 3
  • Number Of Units With Fireplaces: 4
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 3
  • Other Income Actual: 1200

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2025 07/03/25 For Sale $3,945,000 -- $852 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250032404

San Diego MLS
California San Diego County San Diego 92109 Pacific Beach

1152-54 Pacific Beach Dr, San Diego, CA

This home is located at 1152-54 Pacific Beach Dr, San Diego, CA 92109 and is currently priced at $3,945,000, approximately $852 per square foot. This property was built in 1980. 1152-54 Pacific Beach Dr is a home located in San Diego County with nearby schools including Crown Point Junior Music Academy, Pacific Beach Middle, and Mission Bay High School.

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Listing Agent
Nate Pepper
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CBRE