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909-911 Chalcedony Street 909 Chalcedony St 3 Unit Apartment Building $2,697,923 CAD ($899,308 CAD/Unit) 3.15% Cap Rate San Diego, CA 92109
Investment Highlights
- Two blocks to beach
- ADU potential with garage conversion
- Value add potential with interior renovation
- Walking distance to Pacific Beach's most popular restaurants & nightlife
Executive Summary
Kidder Mathews is pleased to present 909–911 Chalcedony Street, a well-located triplex offering significant value-add potential in the desirable area of North Pacific Beach. Originally constructed in 1956, the property features a detached three-bedroom, one-bath single-family residence with a single-car garage at the front of the lot, along with a rear duplex comprised of two stacked two-bedroom, one-bath units. The units have been well maintained but remain largely in original condition, providing a clear opportunity for a new owner to implement interior renovations with modern, high-end finishes and in-unit washer/dryers to substantially increase rental income. Additional upside exists through the potential conversion of the detached garage into an accessory dwelling unit (ADU).
Ideally situated within walking distance to Pacific Beach’s premier restaurants, nightlife, and amenities, the property benefits from a highly desirable coastal location that supports strong rental demand and long-term appreciation.
Ideally situated within walking distance to Pacific Beach’s premier restaurants, nightlife, and amenities, the property benefits from a highly desirable coastal location that supports strong rental demand and long-term appreciation.
Property Facts
| Price | $2,697,923 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $899,308 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 3.15% | Building Size | 2,684 SF |
| Gross Rent Multiplier | 16.9 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1956 |
| Property Type | Multifamily | Parking Ratio | 2/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM-1-1 - Multi Family 10 Units Less | ||
| Price | $2,697,923 CAD |
| Price Per Unit | $899,308 CAD |
| Sale Type | Investment |
| Cap Rate | 3.15% |
| Gross Rent Multiplier | 16.9 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,684 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 2/1,000 SF |
| Zoning | RM-1-1 - Multi Family 10 Units Less |
Amenities
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $5,195 CAD | 1,048 |
| 2+1 | 2 | $4,051 CAD | 805 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 415-541-03 | Improvements Assessment | $105,125 CAD |
| Land Assessment | $131,022 CAD | Total Assessment | $236,147 CAD |
Property Taxes
Parcel Number
415-541-03
Land Assessment
$131,022 CAD
Improvements Assessment
$105,125 CAD
Total Assessment
$236,147 CAD
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909-911 Chalcedony Street | 909 Chalcedony St
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