1179 Felspar St 8 Unit Apartment Building $7,609,525 CAD ($951,191 CAD/Unit) 3.18% Cap Rate San Diego, CA 92109

PRIME REDEVELOPMENT OPPORTUNITY IN PACIFIC BEACH!
Don’t miss this rare opportunity to own two 4-unit residential complexes in the heart of Pacific Beach. Ideally located on the corner of Felspar & Everts St., this property sits in a highly desirable neighborhood with strong rental demand and abundant local amenities; making it an excellent redevelopment opportunity!
Just one block from PB’s vibrant main strip on Garnet Ave. and only a few short blocks from the beach. Prime location close to popular restaurants, shops, nightlife, and coastal attractions, including Crystal Pier, Sail Bay, Mission Beach, and Belmont Park. This location provides easy access to some of San Diego’s most desirable destinations.
Property Details:
*Two Parcels Sold Together*
Total Lot Size Approx.: 6,696 sq. ft.
Parcel 1 (1165-1171):
Three 2-bedroom, 1-bathroom ground-floor units (~760 sq. ft. each)
One upstairs 2-bedroom, 2-bathroom unit (~932 sq. ft.)
Four garages and shared laundry room
Parcel 2 (1173-1179):
Three 2-bedroom, 1-bathroom ground-floor units (~760 sq. ft. each)
One upstairs 3-bedroom, 2-bathroom unit (~932 sq. ft.)
Four garages and shared laundry room
BRING ALL OFFERS! Send all substantiating documentation with offer (ie: POF and PreApproval Letters) to Justin@ShoreManagement.com.
All info and measurements are approximate. Buyer and buyers agent to verify all before closing.
DO NOT DISTURB TENANTS!! Text to schedule a showing, please provide two potential showing times. Text Justin @ (619) 818-0364
Showings by appointment only. Do not visit property without appointment.
Laundry rooms located under each stairwell. All garages located off the alley to the South.