$2,585,000
SOLD APR 23, 2025
6 Beds
4 Baths
-- Sq Ft
6,098 Sq Ft Lot

Recently Sold

4% Below List Price

28 Days on Market

About This Home

As of April 2025

Prime Pacific Beach SFR + triplex, Corner Lot Investment with 8 Garages – 1505 Felspar St, San Diego, CA 92109 A rare investment opportunity in a quiet part of Pacific Beach! Situated on a desirable corner lot, this 4-unit property includes a detached 2BR/1BA home and a triplex with a 2BR/1BA unit and two 1BR/1BA units. With eight garages that can be converted into ADUs, there is immense potential for additional rental income. Located in a quieter, more residential part of Pacific Beach, this property still provides easy access to top restaurants, shopping, and the stunning Pacific coastline while offering tenants a more peaceful neighborhood atmosphere. Whether you're looking to maximize rental income, develop, or create a multi-unit living space, this corner lot property is a rare and valuable find!

Last Agent to Sell the Property

Colin Darville

Bridgepoint Realty Inc License #02108003 Listed on: 03/03/2025

Last Buyer's Agent

Alexio Barbara

Bridgepoint Realty Inc License #01992393

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 423-094-01-00

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Net Operating Income $55,246

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Haines St
  • Neighborhood: Pacific Beach
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • Total Stories: 2
  • Year Built: 1976
  • 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: Stucco, Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Community: PACIFIC BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 423-094-01-00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 55246
  • Annual Expense Actual: 52994
  • Gross Rent Multiplier Actual: 24.0
  • Gross Sched Income Actual: 108240
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Garage: 4
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

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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
04/23/2025 04/23/25 Sold $2,585,000 -4.3% --
03/03/2025 03/03/25 For Sale $2,700,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 250020388

San Diego MLS

APN: 423-094-01-00