2175-2177 Bacon St - Apartments FOR SALE


San Diego, CA 92107- Ocean Beach
$4,050,000 USD
720-841-8139
2175-2177 Bacon St, San Diego, CA for Sale
$4,050,000 USD
Apartments - FOR SALE
1/16
null | 4.55% Cap Rate

2175-2177 Bacon St
San Diego, CA 92107
Ocean Beach


HIGHLIGHTS

  • New Construction in Ocean Beach (2026) - Newly completed 7-unit asset featuring modern design, high-quality finishes, minimal deferred maintenance
  • Owner/User Or High-Yield Beach Investment - Owner/Occupy the rear house & lease remaining units or rent all units for high-yeild passive investment
  • Prime Coastal Location – Walkable to the Beach - Located three blocks from the beach and within walking distance to Ocean Beach’s restaurants & cafes
  • Strong Unit Mix with Broad Tenant Appeal - Comprised of 4 two-bedroom units, 2 one-bedroom & 1 rear casita catering to a diverse renter pool
  • Additional Income Potential Through Storage & Garages - Each unit includes new exterior storage, with the option to add interior closets
  • High-End Features & Tenant Amenities- Units include stainless steel appliances, in-unit washer/ dryer, central air conditioning, contemporary finishes

OVERVIEW

CBRE is pleased to present 2175–2177 Bacon Street, a high-end 2026-renovated 7-unit apartment community, remodeled from the studs, located in the highly desirable Ocean Beach neighborhood of San Diego. Bacon Street represents an owner/occupant or investment grade opportunity with higher beach cap rate than typical local new construction Ocean Beach investments. Completed in 2026 and resting just 3 blocks to the beach, this property features a desirable unit mix of three (2) one-bedroom / one-bath units (approximately 450 square feet), three (4) two-bedroom units (approximately 600 square feet), and a single stand-alone one-bedroom / one-bath casita with den (approximately 600 square feet). The property offers a modern coastal living experience in one of San Diego’s most supplyconstrained beach communities. Each unit has received condo-quality finishes with top tier kitchen and bathroom upgrades. The property features brand new construction with contemporary design and high-quality finishes throughout, including stainless steel appliances, in-unit washer and dryer, central air conditioning, and thoughtfully designed interiors. Additional features include new exterior storage for each unit (approximately 5’x4’), with the ability to add interior closets or additional storage solutions, as well as potential garage rental income opportunities, providing flexibility and added revenue potential for ownership. Most units pay back utility expenses through a RUBS program and feature two single car garages and an additional off-street parking space (3 parking spaces total). The property also benefits from convenient access to public transportation and major freeways, including Interstate 8 and Interstate 5, providing connectivity to Downtown San Diego, Mission Bay, and surrounding employment hubs. With its new construction quality, prime coastal location, strong walkability, and additional income potential through storage and garage rentals, 2175– 2177 Bacon Street presents a compelling investment opportunity in one of San Diego’s most desirable beach-side rental markets.

FOR SALE DETAILS

PRICE

$4,050,000 USD

PRICE/SF

$1,074 USD /SF

# OF UNITS

7

PRICE/UNIT

$578,571

CAP RATE

4.55%

% 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

1932

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,800 SF

ZONING

R-175

APN/PARCEL ID

448-122-02

ASK ABOUT THIS PROPERTY

720-841-8139

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720-841-8139

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