2175-2177 Bacon St 7 Unit Apartment Building $5,548,500 CAD ($792,643 CAD/Unit) 4.55% Cap Rate San Diego, CA 92107

CBRE is pleased to present 2175–2177 Bacon Street, a high-end 2026-renovated 7-unit apartment community, remodeled from the studs, located in the highly desirable Ocean Beach neighborhood of San Diego. Bacon Street represents an owner/occupant or investment grade opportunity with higher beach cap rate than typical local new construction Ocean Beach investments. Completed in 2026 and resting just 3 blocks to the beach, this property features a desirable unit mix of three (2) one-bedroom / one-bath units (approximately 450 square feet), three (4) two-bedroom units (approximately 600 square feet), and a single stand-alone one-bedroom / one-bath casita with den (approximately 600 square feet). The property offers a modern coastal living experience in one of San Diego’s most supplyconstrained beach communities. Each unit has received condo-quality finishes with top tier kitchen and bathroom upgrades.
The property features brand new construction with contemporary design and high-quality finishes throughout, including stainless steel appliances, in-unit washer and dryer, central air conditioning, and thoughtfully designed interiors. Additional features include new exterior storage for each unit (approximately 5’x4’), with the ability to add interior closets or additional storage solutions, as well as potential garage rental income opportunities, providing flexibility and added revenue potential for ownership. Most units pay back utility expenses through a RUBS program and feature two single car garages and an additional off-street parking space (3 parking spaces total). The property also benefits from convenient access to public transportation and major freeways, including Interstate 8 and Interstate 5, providing connectivity to Downtown San Diego, Mission Bay, and surrounding employment hubs. With its new construction quality, prime coastal location, strong walkability, and additional income potential through storage and garage rentals, 2175– 2177 Bacon Street presents a compelling investment opportunity in one of San Diego’s most desirable beach-side rental markets.