Incredible opportunity to own a 10-unit multifamily property in the heart of Pacific Beach (92109), one of San Diego’s most sought-after coastal communities. Just blocks from the ocean, this walkable location boasts a Walk Score® of 88 and provides easy access to Garnet Avenue, shops, restaurants, nightlife, and public transit. This Pacific Beach, prime location multi-unit property consists of ten 1-bedroom units with development potential to convert several units into 2-bedroom layouts (buyer to verify). Situated on a 7,876 SF R-3 zoned lot (0.18 acres), the site also offers long-term redevelopment upside. Additional features include 10 surface parking spaces, strong in-place income, and significant value-add potential through interior renovations and rent optimization. With limited inventory in the area and high tenant demand, this is a rare investment opportunity with room to grow in both cash flow and equity. See attached Memorandum in Documents.
Property Details
Price:
$4,000,000
MLS #:
PTP2504299
Status:
Active
Baths:
0
Address:
901 Sapphire Street
Type:
Residential Income
Neighborhood:
92109pacificbeach
City:
San Diego
Listed Date:
May 27, 2025
State:
CA
ZIP:
92109
Lot Size:
7,840 sqft / 0.18 acres (approx)
Year Built:
1950
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Schools
Interior
Exterior
Community Features
Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
Garage Spaces
0.00
Lot Features
Lot 6500-9999
Parking Spots
10.00
Pool Features
None
Stories Total
2
Financial
Association Fee
0.00
Map
Community
- Address901 Sapphire Street San Diego CA
- Area92109 – Pacific Beach
- CitySan Diego
- CountySan Diego
- Zip Code92109
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901 Sapphire Street
San Diego, CA
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