$4,060,000
SOLD SEP 23, 2025
12 Beds
12 Baths
5,200 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$781 Per Sq Ft

9 Days on Market

About This Home

As of September 2025

Rare, legacy-grade fourplex in the heart of North Pacific Beach! This well-maintained property features four spacious units, with 4 separate APN’s, offering a unique chance to own a premier asset in one of San Diego's most desirable coastal communities. The property features four beautiful townhome-style units with garages. Remarkable upside potential in future condo conversion, and/or significant and immediate cash flow with short term vacation rental income potential. This is the perfect opportunity for an investor, or for an owner-occupant to live the quintessential SoCal Beach lifestyle while having the other three units considerably offset mortgage costs. Ideally located just blocks from the sparkling Pacific Ocean and the tranquil waters of Mission Bay. Enjoy a short stroll to local favorites, including Gelson's Market, trendy cafes, and the vibrant shops and restaurants along Cass Street and Garnet Avenue. With dedicated off-street parking and immense tenant appeal, properties of this caliber and configuration are rarely available. Don't miss your chance to acquire this premier coastal income property!

Last Agent to Sell the Property

Brian Cane

Keller Williams La Jolla License #01423505 Listed on: 08/14/2025

Keller Williams La Jolla

Co-Listed By

Dustin Bachrad

Keller Williams La Jolla License #02249966

Last Buyer's Agent

Ozstar De Jourday

Berkshire Hathaway HomeServices California Properties License #00645454

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,398

Year Built

  • Built in 1987

Home Design

  • Wood Siding
  • Stucco

Interior Spaces

  • 12 Bedrooms
  • 5,200 Sq Ft Home
  • 2-Story Property

Listing and Financial Details

  • Tenant pays for other/remarks

Community Details

Overview

  • 4 Units
  • 972 78 Sapphire St Community
  • Pacific Beach Subdivision

Building Details

  • Operating Expense $45,956

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,398

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1987
  • Unit Levels: 2 Story
  • Property Sub Type: Res Income 2-4 Units
  • Security Features: N/K
  • CapRate: 2.48
  • Co List Office Mls Id: 69375
  • Co List Office Mls Id: 69375
  • Subdivision Name: PACIFIC BEACH
  • BuildingName: 972-78 Sapphire St
  • AgeRestrictions: N/K
  • ShortSale: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Total Bedrooms: 12

Exterior Features

  • Fencing: N/K
  • Roof: Other/Remarks
  • Construction Type: Stucco, Wood

Utilities

  • Cooling: Other/Remarks

Lot Info

  • Zoning: R-1:SINGLE
  • Lot Size Sq Ft: 5923.0

Rental Info

  • Tenant Pays: Other/Remarks

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 4
  • Annual Operating Expense: 45956.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2025
Closed on
Sep 13, 2025
Sold by
Sapphire Sd Llc
Bought by
Mechanic Jonah
Seller's Agent
Brian Cane
Keller Williams La Jolla
Buyer's Agent
Ozstar De Jourday
Berkshire Hathaway HomeServices California Properties
List Price
$4,050,000
Sold Price
$4,060,000
Premium/Discount to List
$10,000
0.25%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-100.00%
Original Mortgage
$748,000
Outstanding Balance
$748,000
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$477,597

Purchase Details

Closed on
Apr 7, 2014
Sold by
Holt Gregory J and Holt Tamra L
Bought by
Holt Gregory J and Holt Tamra L

Purchase Details

Closed on
Feb 3, 2014
Sold by
Holt Gregory J and Holt Tamra L
Bought by
Sapphire Sd Llc

Purchase Details

Closed on
Apr 7, 2000
Sold by
Holt Tamra L
Bought by
Holt Gregory J and Holt Tamra L

Purchase Details

Closed on
Apr 3, 2000
Sold by
Maggiacomo Joseph W and Rygg Lance C
Bought by
Holt Gregory J and Holt Tamra L

Purchase Details

Closed on
Dec 14, 1998
Sold by
Thomas Harry L and Thomas Sharon
Bought by
Maggiacomo Joseph W and Rygg Lance C

Purchase Details

Closed on
Jan 14, 1998
Sold by
Rygg Cheryl Lynn
Bought by
Rygg Lance C

Purchase Details

Closed on
Feb 12, 1997
Sold by
Thomas Harry L and Thomas Mary S Tr
Bought by
Thomas Harry L and Thomas Mary S
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Chicago Title Company
Warranty Deed -- None Available
Interfamily Deed Transfer -- --
Grant Deed $290,000 First American Title
Grant Deed $800,000 First American Title Co
Interfamily Deed Transfer -- First American Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2025 09/25/25 For Sale $1,475,000 -63.7% $1,135 / Sq Ft
09/23/2025 09/23/25 Sold $4,060,000 +0.2% $781 / Sq Ft
08/23/2025 08/23/25 Pending -- -- --
08/15/2025 08/15/25 For Sale $4,050,000 -- $779 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

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 $5,398 $445,699 $276,643 $169,056
2024 $5,398 $436,961 $271,219 $165,742
2023 $5,279 $428,394 $265,901 $162,493
2022 $5,139 $419,995 $260,688 $159,307
2021 $5,104 $411,761 $255,577 $156,184
2020 $5,042 $407,540 $252,957 $154,583
2019 $4,953 $399,550 $247,998 $151,552
2018 $4,631 $391,717 $243,136 $148,581
2017 $80 $384,037 $238,369 $145,668
2016 $4,449 $376,508 $233,696 $142,812
2015 $4,384 $370,853 $230,186 $140,667
2014 $4,315 $363,589 $225,677 $137,912
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 250036358

San Diego MLS

APN: 415-251-10-01