$2,500,000

1956 Pacific Beach Dr San Diego, CA 92109

Pacific Beach Neighborhood

Estimated payment $16,347/month

Total Views 262
9 Beds
8 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

The investment property EVERYONE wants: Four units in sunny Pacific Beach! NO tiny 1-bedroom units here... This features a 2BR/1BA front house built circa 1950 + 3 back units built in the 80's: 3BR/2BA, 2BR/2BA, and 2BR/2BA. Unit #1 (lower 2/2 in back) is nicely updated. Original front house and the two upper rear units (3/2 & 2/2) are adequate rental condition. FIVE GARAGES: four for tenants + one TWO-CAR tandem used by owner. Laundry room with one pay washer & dryer for extra income.

Listing Agent

Gary Kent

Keller Williams Realty LaJolla License #00862878 Listed on: 07/18/2025

Keller Williams Realty LaJolla

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • 5,719 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 424-252-18-00

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Net Operating Income $66,821

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Morrell St
  • Neighborhood: Pacific Beach
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 1985
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Roof: Composition

Condo/Co-op/Association

  • Community: PACIFIC BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R-3:RESTRI
  • Assessor Parcel Number: 424-252-18-00
  • Estimated Lot Sq Ft: 5719
  • Estimated Number of Acres: 0.13
  • Map Code Column: B
  • Map Code Page: 1248
  • Map Code Row: 6

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 66821
  • Annual Expense Actual: 60998
  • Gross Rent Multiplier Actual: 19.56
  • Gross Sched Income Actual: 127820
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 1
  • 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: 1

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/18/2025 07/18/25 For Sale $2,500,000 -- --
Source: San Diego MLS

Similar Homes in San Diego, CA

  • 2073-79 Reed Ave, San Diego, CA 92109

    $3,099,000

    • 9 Beds
    • 5 Baths
    • 3,210 Sq Ft
    • 2073-79 Reed Ave
    • San Diego, CA

    5% DAY-ONE CAP RATE COASTAL 4-UNIT IN PACIFIC BEACH | $18,895/MONTH INCOME. IN PLACE LEASES 2073-79 Reed Ave is a premier investment opportunity located just steps from Mission Bay on a prime corner lot in one of San Diego’s most sought-after coastal neighborhoods. This high-performing asset generates $18,895/month in current rents, offering investors a true 5% cap rate from day one—a rare find

    Joey Belcastro Keller Williams Realty

    Section Image
  • 1951 Hornblend St Unit 55, San Diego, CA 92109

    $2,499,000

    • 7 Beds
    • 6 Baths
    • 3,200 Sq Ft
    • 1951 Hornblend St
    • Unit 55
    • San Diego, CA

    Great opportunity to buy a stabilized asset with 3 units remodeled. New owner can convert the garages to 2 additional 450SF studio ADU's or one big 2 bed 1 bath ADU by right increasing income. With 30 foot height limit in coastal pacific beach the rental market remains strong. Blocks away from Better Buzz, Trader Joes, Jersey Mikes, Vons and close enough to bay and ocean but far enough to

    Chris J. Luna Backyard Brokerage Inc.

    Section Image
  • 4018 Riviera Dr, San Diego, CA 92109

    $2,400,000

    • 7 Beds
    • 6 Baths
    • 4018 Riviera Dr
    • San Diego, CA

    3 units in beautiful Crown Point, Property consists of 2bed/1bath detached casita fronting Riviera with a 2-story structure behind boasting 2 & 3bed units atop a 2 car garage. This opportunity represents a true diamond in the rough, and one perfect for the savvy investor with foresight and impeccable taste.

    Jeff Diller Bridgepoint Realty Inc

    Section Image
  • 4821 Iroquois Ave, San Diego, CA 92117

    $2,195,000

    • 7 Beds
    • 4 Baths
    • 2,894 Sq Ft
    • 4821 Iroquois Ave
    • San Diego, CA

    This stunning 4-plex in the desirable Bay Park area features two newly built duplexes with modern design & beautiful views. The first duplex offers two units: one with 2 bedrooms/1 bath and the other with 1 bedroom/1 bath, both with panoramic ocean and city views, natural light, designer kitchens with quartz countertops, stainless steel appliances, solar panels, AC/heat, in-unit washer/dryer, and

    Saeid Baha Baha & Associates Inc

    Section Image
  • 6737 Thomson Ct, San Diego, CA 92111

    $2,350,000

    • 10 Beds
    • 6 Baths
    • 6737 Thomson Ct
    • San Diego, CA

    WHITEWATER Commercial Real Estate is pleased to present for sale a newly constructed and renovated 4-unit apartment complex in the Linda Vista neighborhood of San Diego. The units in front were originally a single-story single-family residence that was torn down to the studs and fully renovated in 2022 along with an additional newly constructed second story unit. The units in the back of the

    Carson Trujillo Whitewater CRE Inc

    Section Image
  • 6744 N Elman St, San Diego, CA 92111

    $2,345,000

    • 9 Beds
    • 5 Baths
    • 6744 N Elman St
    • San Diego, CA

    5 unit turnkey property in Linda Vista neighborhood of San Diego, close to USD, Mission Valley, Downtown and Pacific and Ocean Beach. A desirable and convenient location that will continue to attract a strong tenant base. The property consists of a front duplex with (2) 3 bed 1 bath units which were fully remodeled in 2021. (2) 2 bed 2 bath ADU units built from the ground up and completed in

    Matt Welch Damico Realty Group

    Section Image
  • 1971 Ebers St, San Diego, CA 92107

    $2,495,000

    • 8 Beds
    • 6 Baths
    • 3,558 Sq Ft
    • 1971 Ebers St
    • San Diego, CA

    Big Price Drop!!! Seller bought another property. Your gain. Move fast. Rare coastal opportunity. Live in one and occupy others - stunning historic Beach Cottage (mills act approved with lower property taxes) and 2 large spacious units. 25% down Interest only loan avail 6.625% bank stated loan. rate today 6.20 - Only 4 blocks from the surf and sand. A blend of comfort, character, and coastal

    Anna Marie Barnard Sand & Sea Realty, Inc.

    Section Image
  • 7009-11 Tait St, San Diego, CA 92111

    $2,450,000

    • 9 Beds
    • 9 Baths
    • 4,425 Sq Ft
    • 7009-11 Tait St
    • San Diego, CA

    Prime Triplex Investment Opportunity in Linda Vista – Built in 2012 Excellent location near the University of San Diego (USD) with quick access to major freeways, downtown San Diego, shopping, and more. This rare triplex offers three spacious and modern townhome-style units, each featuring 3 bedrooms and 2.5 baths and approximately 1,475 sq. ft. of living space – totaling 4,427 sq. ft. of rental

    Marvin Gomez Keller Williams San Diego Metro

    Section Image
  • 4768 72 Coronado Ave Ave, San Diego, CA 92107

    $2,999,000

    • 7 Beds
    • 5 Baths
    • 2,775 Sq Ft
    • 4768 72 Coronado Ave Ave
    • San Diego, CA

    There are 4 Units. Three of the units are residentially permitted. Construction for this property began in 1960. Originally it was a 3 unit project. Each unit included 2 bedrooms and 1 bathroom. several years after the 3 units were built the local telephone company entered into an agreement with the owner to add storage and office space to the building to begin internet services for the

    Dan Dennison TXR Homes

    Section Image
See All Homes in San Diego

Source: San Diego MLS

MLS Number: 250033795

San Diego MLS

APN: 424-252-18-00

California San Diego County San Diego 92109 Pacific Beach

1956 Pacific Beach Dr, San Diego, CA

This home is located at 1956 Pacific Beach Dr, San Diego, CA 92109 and is currently priced at $2,500,000. This property was built in 1985. 1956 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Diego MLS This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly
prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS.

Nearby Homes
Gary Kent
Listing Agent
Gary Kent
Section Image
Keller Williams Realty LaJolla
(858) 457-5368