1460 Grand Avenue presents a rare multifamily investment and development opportunity in the heart of Pacific Beach. The property consists of three renovated residential units and includes plans in final review for the construction of six additional studio units, creating the potential for a nine-unit asset upon completion. The… Read More existing improvements include a two-bedroom house, an additional two-bedroom unit, and a three-bedroom unit, providing immediate rental income while minimizing near-term capital expenditures. Investors can continue generating cash flow during construction of the proposed six studio units, offering an attractive combination of current income and future upside. Ideally located approximately four blocks from Mission Bay and seven blocks from the Pacific Ocean, the property is within walking distance of Pacific Beach's restaurants, cafés, shopping, nightlife, and recreational amenities. With driveway and alley access, on-site parking potential, and plans that include private balconies with potential bay and ocean views, 1460 Grand Avenue offers a compelling opportunity to acquire an income-producing coastal asset with significant long-term development potential. Read Less
Listing Snapshot
Days Online
5
Last Updated
Lot Size
0.14 Acres
Year Built
1950
MLS Number
260017941SD
Additional Details
Building
Built in 1950, 2 buildings, 2 stories, Levels: Two
Community
Park Name: No
Cooling
None
Fence
Partial
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $145,800, Net Operating Income: $96,098
Lot
0.1429 acres
Roof
Composition
Taxes
Parcel Number: 4231811400
Tenant Pays
CableTv, Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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