1476-80 Pescadero Dr - Apartments FOR SALE


San Diego, CA 92107- Ocean Beach
$6,750,000 USD
619-992-4413
1476-80 Pescadero Dr, San Diego, CA for Sale
$6,750,000 USD
Apartments - FOR SALE
1/55
null | 6.29% Cap Rate

1476-80 Pescadero Dr
San Diego, CA 92107
Ocean Beach


HIGHLIGHTS

  • True oceanfront multifamily asset with unobstructed sit-down Pacific views
  • Turn-key interiors renovated 2020–2025 with modern coastal finishes
  • Multiple income streams including strong VRBO performance and below-market MTM rentals
  • Significant upside potential through rent repositioning or expanded STR strategy
  • Rare four-car garage offering secure onsite parking in a high-barrier coastal location
  • Recent exterior upgrades including new garage doors and staircases (2025)

OVERVIEW

Unobstructed true oceanfront multifamily asset located in San Diego’s highly coveted Sunset Cliffs corridor. This turn-key coastal property features a blend of upgraded primary rental residences and additional well-finished studio spaces, offering multiple operational strategies and excellent revenue diversity (buyer to verify use). Three spaces currently operate as high-performing short-term rentals exclusively through VRBO, producing strong year-over-year income with consistent occupancy, repeat guest traffic, and opportunities for further optimization. The remaining rental spaces are month-to-month, providing immediate upside through repositioning or conversion. Recent renovations completed between 2020–2025—including modern interior upgrades, updated kitchens and baths, dual-pane windows, LVP flooring, improved exterior elements, and new garage doors and staircases—reduce near-term capital expenditure needs and support efficient ownership. The property’s commanding ~280° oceanfront view orientation enhances rental demand and long-term asset value. A four-car garage offers rare onsite parking in a coastal zone with limited availability. With its combination of stable cash flow, flexible rental configuration, extensive renovations, and irreplaceable oceanfront frontage, this asset represents a high-quality investment opportunity in one of Southern California’s most supply-constrained and desirable multifamily submarkets.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$1,557 USD /SF

# OF UNITS

6

PRICE/UNIT

$1,125,000

CAP RATE

6.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,384 SF

ZONING

R-4

APN/PARCEL ID

448-242-03

ASK ABOUT THIS PROPERTY

Dawn LeahyPacific Sotheby's International RealtyMore Info
619-992-4413

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Dawn LeahyPacific Sotheby's International RealtyMore Info
619-992-4413

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.