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1476-80 Pescadero Dr 6 Unit Apartment Building $9,296,034 CAD ($1,549,339 CAD/Unit) 6.67% Cap Rate San Diego, CA 92107
Investment Highlights
- True oceanfront six-unit trophy asset with unobstructed, sit-down Pacific Ocean views in Sunset Cliffs
- Diversified income from established short-term rentals and in-place long-term tenants
- Rare four-car garage with secure onsite parking in one of San Diego's most supply-constrained coastal neighborhoods
- Extensively renovated interiors and major capital improvements completed between 2020–2026
- Exceptional value-add opportunity through market rent repositioning and optimized short-term rental operations
- 2026 engineering inspection confirms shoreline protection system is performing as intended with no maintenance currently required
Executive Summary
Positioned along San Diego's iconic Sunset Cliffs coastline, this rare true oceanfront six-unit multifamily asset presents an exceptional opportunity to acquire one of Southern California's most irreplaceable coastal investments. Five of the six residences enjoy unobstructed sit-down Pacific Ocean views, creating an unmatched living experience that continues to drive strong rental demand and long-term value.
The property offers a diversified income strategy with three established short-term rental residences and three month-to-month rental units, providing immediate cash flow together with compelling upside through market rent repositioning and continued optimization of the short-term rental program. Buyer to independently verify all unit configurations, permitted uses, short-term rental eligibility, licensing, operating requirements, and transferability.
Extensive renovations and capital improvements completed between 2020 and 2026 include thoughtfully upgraded interiors, remodeled kitchens and bathrooms, luxury vinyl plank flooring, dual-pane windows, exterior improvements, new garage doors, and new exterior staircases. A rare four-car garage provides secure onsite parking in one of San Diego's most supply-constrained coastal neighborhoods.
The property's shoreline protection system was professionally inspected by a licensed coastal engineer in May 2026 and found to be performing as intended, with no significant distress observed and no maintenance recommended at the time of inspection. The engineering report is available for buyer review.
Combining irreplaceable oceanfront frontage, diversified income, extensive recent capital improvements, professionally evaluated shoreline protection, and exceptional long-term appreciation potential, 1476–1480 Pescadero Avenue represents a premier investment opportunity in one of San Diego's most coveted and tightly held coastal markets.
The property offers a diversified income strategy with three established short-term rental residences and three month-to-month rental units, providing immediate cash flow together with compelling upside through market rent repositioning and continued optimization of the short-term rental program. Buyer to independently verify all unit configurations, permitted uses, short-term rental eligibility, licensing, operating requirements, and transferability.
Extensive renovations and capital improvements completed between 2020 and 2026 include thoughtfully upgraded interiors, remodeled kitchens and bathrooms, luxury vinyl plank flooring, dual-pane windows, exterior improvements, new garage doors, and new exterior staircases. A rare four-car garage provides secure onsite parking in one of San Diego's most supply-constrained coastal neighborhoods.
The property's shoreline protection system was professionally inspected by a licensed coastal engineer in May 2026 and found to be performing as intended, with no significant distress observed and no maintenance recommended at the time of inspection. The engineering report is available for buyer review.
Combining irreplaceable oceanfront frontage, diversified income, extensive recent capital improvements, professionally evaluated shoreline protection, and exceptional long-term appreciation potential, 1476–1480 Pescadero Avenue represents a premier investment opportunity in one of San Diego's most coveted and tightly held coastal markets.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $9,296,034 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,549,339 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.67% | Building Size | 4,334 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.97 | No. Stories | 2 |
| No. Units | 6 | Year Built/Renovated | 1958/2026 |
| Property Type | Multifamily | Parking Ratio | 0.92/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM-2-4 - Multi-Family | ||
| Price | $9,296,034 CAD |
| Price Per Unit | $1,549,339 CAD |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.97 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,334 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2026 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | RM-2-4 - Multi-Family |
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Double Vanities
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Carpet
- Wi-Fi
- Dining Room
- Double Pane Windows
- Family Room
- Linen Closet
- Patio
- Porch
- Window Coverings
- Large Bedrooms
Site Amenities
- Fenced Lot
- Laundry Facilities
- Waterfront
- Gated
- Grill
- Recycling
- Wi-Fi
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 750 - 1,100 |
| 1+1 | 2 | - | 350 |
1 1
Exceptionally drivable
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 448-242-03 | Total Assessment | $313,382 CAD |
| Land Assessment | $132,239 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $181,143 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
448-242-03
Land Assessment
$132,239 CAD
Improvements Assessment
$181,143 CAD
Total Assessment
$313,382 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1476-80 Pescadero Dr
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