1676 Chalcedony St - Apartments FOR SALE


San Diego, CA 92109- Pacific Beach
$2,900,000 USD
720-841-8139
1676 Chalcedony St, San Diego, CA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/10
null | 4.57% Cap Rate

1676 Chalcedony St
San Diego, CA 92109
Pacific Beach


HIGHLIGHTS

  • Rare four-unit coastal apartment community in prime Pacific Beach location
  • Fully renovated, condo-quality interiors with luxury finishes and in-unit laundry
  • Spacious 2BD/2BA floor plans averaging ~820 SF with abundant natural light
  • Exceptional parking ratio with garages, carports, and off-street spaces for all units
  • Strong lifestyle appeal with private patios, shared outdoor space
  • Premier walkability to beaches, dining, and entertainment

OVERVIEW

We are pleased to exclusively present 1676 Chalcedony Street, a rare opportunity to acquire a meticulously renovated four-unit apartment community in the heart of Pacific Beach, one of San Diego’s most desirable coastal neighborhoods. Constructed in 1987 and located just ten blocks from the Pacific Ocean, the property offers an exceptional combination of prime location, large floor plans, luxury interior finishes, and long-term investment appeal. The property consists of an extremely desirable unit mix of four spacious two-bedroom, two-bathroom residences, each averaging approximately 820 square feet. Every apartment has been comprehensively upgraded to a true condominium-quality standard, featuring luxury vinyl plank flooring, designer kitchens with new appliance packages and built-in microwaves, beautifully renovated bathrooms, in-unit washers and dryers, and abundant natural light from oversized skylights that create bright, open living environments. The spacious primary suites include en-suite bathrooms with dual-sink vanities, offering a level of finish rarely found in multifamily investments of this size. Parking is a significant competitive advantage, with two dedicated off-street parking spaces provided for every residence. Two units benefit from a private garage in addition to an uncovered parking space, while the remaining two units each include a covered carport and an additional off-street space. Select units further enhance resident appeal, including Unit 2’s private fenced patio and yard, while all residents enjoy access to a shared outdoor patio offering views of SeaWorld’s nightly fireworks. 1676 Chalcedony Street represents an exceptional opportunity to acquire a boutique coastal asset requiring virtually no deferred maintenance while offering investors flexibility for both traditional long-term rental operations and short-term rental strategies where permitted. With its rare large-unit configuration, luxury renovations, abundant parking, and premier Pacific Beach location, the property offers an institutional-quality investment combining stable in-place income with outstanding long-term appreciation potential in one of Southern California’s most supply-constrained rental markets.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$608 USD /SF

# OF UNITS

4

PRICE/UNIT

$725,000

CAP RATE

4.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,508 SF

ZONING

R3

APN/PARCEL ID

416-322-13

ASK ABOUT THIS PROPERTY

720-841-8139

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720-841-8139

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