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Beach Cliff Villas 1352-1364 Sunset Cliffs Blvd 6 Unit Apartment Building $13,540,424 CAD ($2,256,737 CAD/Unit) 2.19% Cap Rate San Diego, CA 92107



INVESTMENT HIGHLIGHTS
- Once-In-A-Lifetime Beach Front Location in Point Loma
- 17,259 SF of Ocean Frontage on Ultra Rare Point Loma Cliffs
- Opportunity to Build; Up to 17 Apartment Units & 40,000 SF; or Add Units
- Run As Vacation Rentals, Long-Term Rentals, Run Weddings
- Build 5 Luxury 3-Bedroom W/ Den Townhomes (Condos); Renderings Attached
- Maximize As Apartments; Reconfigure 1st Floor To 6 Units, 2nd Floor To 6 Units, Add 3rd Floor Of 6 Additional Units
EXECUTIVE SUMMARY
We are pleased to present Beachcliff Villas, a truly rare cliff-top, six-unit vacation rental community perched directly above the Pacific Ocean on an expansive 17,259 SF parcel. Offering irreplaceable panoramic ocean views, Beachcliff Villas provides exceptional flexibility—whether continuing operations as a high-performing vacation rental property or pursuing redevelopment opportunities. According to local architectural review, the site may allow approximately 12,000 SF of buildable area, with conceptual renderings prepared for five ultra-luxury three-bedroom townhomes. Additional architectural renderings illustrate what a comprehensive remodel of the existing structure could look like, including potential for reinforcing the footings and adding a third floor of approximately 3,000 SF, further enhancing long-term value. Nestled quietly at the intersection of Ocean Beach and Point Loma, the property sits within one of San Diego’s most coveted coastal enclaves—an area defined by its residential character, scenic bluffs, and proximity to the best of Southern California’s coastal lifestyle. The existing building totals 5,084 SF, consisting of one 2-bedroom/1.5-bath unit (900 SF), four 2-bedroom/1-bath units (870 SF each), and one 1-bedroom/1-bath unit (704 SF). The property includes four single-car garages, six off-street parking spaces, and approximately 950 SF of shared space including a lobby/storage area and conference room. Each unit features hardwood floors, granite countertops, and fully furnished kitchens and living areas—ideal for short- or long-term occupancy.
Beyond residential use, the site presents unique event potential. With its oceanfront setting and open layout, Beachcliff Villas could serve as a boutique wedding or event venue, capitalizing on the growing demand for coastal celebrations in San Diego. Consultation with local event operators, such as Wedgewood Weddings, could help quantify this opportunity, with annual revenue potential exceeding $500,000 through property-wide rentals and special events. The property embodies the essence of Southern California coastal living, offering both serenity and investment opportunity. Whether through luxury redevelopment, event activation, or a high-end remodel, Beachcliff Villas stands as a rare chance to own one of San Diego’s few remaining oceanfront assets with significant upside potential.
Beachcliff Villas is conveniently located just: ~10 minutes from SeaWorld ~12 minutes from San Diego International Airport ~15 minutes from the Gaslamp Quarter ~18 minutes from Balboa Park and the San Diego Zoo
Beyond residential use, the site presents unique event potential. With its oceanfront setting and open layout, Beachcliff Villas could serve as a boutique wedding or event venue, capitalizing on the growing demand for coastal celebrations in San Diego. Consultation with local event operators, such as Wedgewood Weddings, could help quantify this opportunity, with annual revenue potential exceeding $500,000 through property-wide rentals and special events. The property embodies the essence of Southern California coastal living, offering both serenity and investment opportunity. Whether through luxury redevelopment, event activation, or a high-end remodel, Beachcliff Villas stands as a rare chance to own one of San Diego’s few remaining oceanfront assets with significant upside potential.
Beachcliff Villas is conveniently located just: ~10 minutes from SeaWorld ~12 minutes from San Diego International Airport ~15 minutes from the Gaslamp Quarter ~18 minutes from Balboa Park and the San Diego Zoo
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $13,540,424 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $2,256,737 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 2.19% | Building Size | 6,309 SF |
| Gross Rent Multiplier | 18.84 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | Parking Ratio | 1.27/1,000 SF |
| Zoning | RM-5-12 - Residential Multi-Family | ||
| Price | $13,540,424 CAD |
| Price Per Unit | $2,256,737 CAD |
| Sale Type | Investment |
| Cap Rate | 2.19% |
| Gross Rent Multiplier | 18.84 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 6,309 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.27/1,000 SF |
| Zoning | RM-5-12 - Residential Multi-Family |
AMENITIES
SITE AMENITIES
- Waterfront
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 704 |
| 2+1 | 4 | - | 870 |
| 2+1.5 | 1 | - | 900 |
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Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 448-341-02 | Improvements Assessment | $688,709 CAD (2025) |
| Land Assessment | $2,754,846 CAD (2025) | Total Assessment | $3,443,554 CAD (2025) |
PROPERTY TAXES
Parcel Number
448-341-02
Land Assessment
$2,754,846 CAD (2025)
Improvements Assessment
$688,709 CAD (2025)
Total Assessment
$3,443,554 CAD (2025)
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Beach Cliff Villas | 1352-1364 Sunset Cliffs Blvd
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