Seller's Agent in 2025
Monroe Herington
eXp Realty of California Inc
(619) 929-6546
22 in this area
76 Total Sales
3918 Gresham St San Diego, CA 92109
Pacific Beach Neighborhood
10
Beds
8
Baths
5,412
Sq Ft
8,119
Sq Ft Lot
About This Home
As of June 2025VERY RARE opportunity in an A+ location (1 of 49 parcels on Sail Bay, in Pacific Beach)! *original owner* 8-unit trophy property situated on a large 8,119 sq ft waterfront lot in Pacific Beach, San Diego. Unit mix is comprised of (6) spacious 1BR 1BA units, and (2) bay-front 2BR 1BA units with panoramic views of the bay. The 1957 building has been very well maintained. Most of the units are original, with some upgrades including flooring. All units are in great condition, however. Still plenty of room room for upgrades and value-add. Rents are slightly below market. Roof replaced 2013, and plumbing re-done. This is a Legacy property that presents an incredible buy and hold opportunity, with long term development potential. For those seeking a safe and lucrative place to park capital, you will not find a better property. Waterfront property in San Diego is incredibly limited and is always in demand.
Last Agent to Sell the Property
eXp Realty of California Inc License #01930053 Listed on: 04/22/2024
Last Buyer's Agent
eXp Realty of California Inc License #01930053 Listed on: 04/22/2024
Property Details
Home Type
- Multi-Family
Parking
- 5 Parking Spaces
Home Design
Interior Spaces
- 10 Bedrooms
- 5,412 Sq Ft Home
- 2-Story Property
Additional Features
- 8,119 Sq Ft Lot
- Number of ADU Units: 1
- No Cooling
Community Details
- 8 Units
- Operating Expense $68,274
Listing and Financial Details
- Total Actual Rent $22,215
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/06/2025 06/06/25 | Sold | $5,950,000 | 0.0% | $1,099 / Sq Ft |
| 08/21/2024 08/21/24 | Off Market | $5,950,000 | -- | -- |
| 08/21/2024 08/21/24 | Pending | -- | -- | -- |
| 08/20/2024 08/20/24 | Pending | -- | -- | -- |
| 04/22/2024 04/22/24 | For Sale | $5,950,000 | -- | $1,099 / Sq Ft |
Source: San Diego MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,065 | $415,780 | $266,010 | $149,770 |
| 2024 | $5,065 | $407,629 | $260,795 | $146,834 |
| 2023 | $4,950 | $399,637 | $255,682 | $143,955 |
| 2022 | $4,817 | $391,802 | $250,669 | $141,133 |
| 2021 | $4,784 | $384,120 | $245,754 | $138,366 |
| 2020 | $4,727 | $380,183 | $243,235 | $136,948 |
| 2019 | $4,643 | $372,729 | $238,466 | $134,263 |
| 2018 | $4,342 | $365,422 | $233,791 | $131,631 |
| 2017 | $4,238 | $358,257 | $229,207 | $129,050 |
| 2016 | $4,165 | $351,233 | $224,713 | $126,520 |
| 2015 | $4,104 | $345,958 | $221,338 | $124,620 |
| 2014 | $4,042 | $339,182 | $217,003 | $122,179 |
Source: Public Records
Agents Affiliated with this Home
-
Monroe Herington
Map
Source: San Diego MLS
MLS Number: 240008647
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