3917 Haines St - Apartments FOR SALE


San Diego, CA 92109- Pacific Beach
$5,100,000 USD
858-205-7939
3917 Haines St, San Diego, CA for Sale
$5,100,000 USD
Apartments - FOR SALE
1/14
null | 4.16% Cap Rate

3917 Haines St
San Diego, CA 92109
Pacific Beach


HIGHLIGHTS

  • Premier Crown Point Location Just Steps from the Bay
  • Proven Value-Add Renovation with Additional Upside
  • Unique Cottage-Style Units Across More Than Half the Property
  • Brand-New, Fully Owned and Operational Solar Energy System
  • Located in One of San Diego's Most Valuable Coastal Neighborhoods | 75% Discount to Homeownership

OVERVIEW

Walker & Dunlop is pleased to present Haines Apartments, an 11-unit coastal multifamily community ideally situated just steps from Sail Bay in Crown Point, a premier neighborhood within Pacific Beach and one of San Diego’s most desirable, supply-constrained coastal submarkets. The property has undergone a comprehensive exterior renovation, including new paint, a new roof, and a fully owned solar system. Additionally, 5 of the 11 units have received high-end interior renovations, giving new ownership a proven renovation program and a clear path to additional upside by completing the remaining units. Six of the studio units are cottage-style, featuring large, private, fenced yards facing the bay side that offer each tenant added outdoor space and privacy. Pacific Beach continues to command premium rents, achieving the second-highest average asking rents among comparable San Diego submarkets, supported by exceptional walkability, premier waterfront amenities, affluent demographics, and limited new multifamily supply. Residents enjoy an exceptional coastal lifestyle just minutes from Sail Bay, Crown Point Beach, Mission Bay, and the vibrant Garnet Avenue corridor, with immediate access to renowned dining, recreation, and entertainment, as well as convenient connectivity to Downtown San Diego and the region’s major employment hubs. With proven renovation execution, additional income upside, and no multifamily properties currently under construction or proposed within the immediate submarket, Haines Apartments represents a rare opportunity to invest in one of San Diego County’s most compelling coastal rental markets.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$944 USD /SF

# OF UNITS

11

PRICE/UNIT

$463,636

CAP RATE

4.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Haines Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

RM 1-1

APN/PARCEL ID

423-422-09

ASK ABOUT THIS PROPERTY

Hunter CombsHFF, LPMore Info
858-205-7939

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Hunter CombsHFF, LPMore Info
858-205-7939

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