1476-80 Pescadero Dr - Apartments FOR SALE


San Diego, CA 92107- Ocean Beach
$6,600,000 USD
619-992-4413
1476-80 Pescadero Dr, San Diego, CA for Sale
$6,600,000 USD
Apartments - FOR SALE
1/65
null | 6.67% Cap Rate

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


HIGHLIGHTS

  • True oceanfront six-unit trophy asset with unobstructed, sit-down Pacific Ocean views in Sunset Cliffs
  • Extensively renovated interiors and major capital improvements completed between 2020–2026
  • Diversified income from established short-term rentals and in-place long-term tenants
  • Exceptional value-add opportunity through market rent repositioning and optimized short-term rental operations
  • Rare four-car garage with secure onsite parking in one of San Diego's most supply-constrained coastal neighborhoods
  • 2026 engineering inspection confirms shoreline protection system is performing as intended with no maintenance currently required

OVERVIEW

Positioned along San Diego's iconic Sunset Cliffs coastline, this rare true oceanfront six-unit multifamily asset presents an exceptional opportunity to acquire one of Southern California's most irreplaceable coastal investments. Five of the six residences enjoy unobstructed sit-down Pacific Ocean views, creating an unmatched living experience that continues to drive strong rental demand and long-term value. The property offers a diversified income strategy with three established short-term rental residences and three month-to-month rental units, providing immediate cash flow together with compelling upside through market rent repositioning and continued optimization of the short-term rental program. Buyer to independently verify all unit configurations, permitted uses, short-term rental eligibility, licensing, operating requirements, and transferability. Extensive renovations and capital improvements completed between 2020 and 2026 include thoughtfully upgraded interiors, remodeled kitchens and bathrooms, luxury vinyl plank flooring, dual-pane windows, exterior improvements, new garage doors, and new exterior staircases. A rare four-car garage provides secure onsite parking in one of San Diego's most supply-constrained coastal neighborhoods. The property's shoreline protection system was professionally inspected by a licensed coastal engineer in May 2026 and found to be performing as intended, with no significant distress observed and no maintenance recommended at the time of inspection. The engineering report is available for buyer review. Combining irreplaceable oceanfront frontage, diversified income, extensive recent capital improvements, professionally evaluated shoreline protection, and exceptional long-term appreciation potential, 1476–1480 Pescadero Avenue represents a premier investment opportunity in one of San Diego's most coveted and tightly held coastal markets.

FOR SALE DETAILS

PRICE

$6,600,000 USD

PRICE/SF

$1,523 USD /SF

# OF UNITS

6

PRICE/UNIT

$1,100,000

CAP RATE

6.67%

% 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

RM-2-4

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.