901 Sapphire St - Apartments FOR SALE


San Diego, CA 92109- Pacific Beach
$4,000,000 USD
901 Sapphire St, San Diego, CA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/6
null | 4.34% Cap Rate

901 Sapphire St
San Diego, CA 92109
Pacific Beach


HIGHLIGHTS

  • Just blocks from the ocean.
  • In the heart of Pacific Beach.
  • 10 surface parking spaces.

OVERVIEW

Incredible opportunity to own a 10-unit multifamily property in the heart of Pacific Beach (92109), one of San Diego’s most sought-after coastal communities. Just blocks from the ocean, this walkable location boasts a Walk Score® of 88 and provides easy access to Garnet Avenue, shops, restaurants, nightlife, and public transit. This Pacific Beach, prime location multi-unit property consists of ten 1-bedroom units with development potential to convert several units into 2-bedroom layouts (buyer to verify). Situated on a 7,876 SF R-3 zoned lot (0.18 acres), the site also offers long-term redevelopment upside. Additional features include 10 surface parking spaces, strong in-place income, and significant value-add potential through interior renovations and rent optimization. With limited inventory in the area and high tenant demand, this is a rare investment opportunity with room to grow in both cash flow and equity.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$451 USD /SF

# OF UNITS

10

PRICE/UNIT

$400,000

CAP RATE

4.34%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,876 SF

ZONING

R-3

APN/PARCEL ID

415-242-10

ASK ABOUT THIS PROPERTY

Mike AonRealty Executives DillonMore Info

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