We are pleased to exclusively present 1676 Chalcedony Street, a rare opportunity to acquire a meticulously renovated four-unit apartment community in the heart of Pacific Beach, one of San Diego’s most desirable coastal neighborhoods. Constructed in 1987 and located just ten blocks from the Pacific Ocean, the property offers an… Read More exceptional combination of prime location, large floor plans, luxury interior finishes, and long-term investment appeal. The property consists of an extremely desirable unit mix of four spacious two-bedroom, two-bathroom residences, each averaging approximately 820 square feet. Every apartment has been comprehensively upgraded to a true condominium-quality standard, featuring luxury vinyl plank flooring, designer kitchens with new appliance packages and built-in microwaves, beautifully renovated bathrooms, in-unit washers and dryers, and abundant natural light from oversized skylights that create bright, open living environments. The spacious primary suites include en-suite bathrooms with dual-sink vanities, offering a level of finish rarely found in multifamily investments of this size. Parking is a significant competitive advantage, with two dedicated off-street parking spaces provided for every residence. Two units benefit from a private garage in addition to an uncovered parking space, while the remaining two units each include a covered carport and an additional off-street space. Select units further enhance resident appeal, including Unit 2’s private fenced patio and yard, while all residents enjoy access to a shared outdoor patio. 1676 Chalcedony Street represents an exceptional opportunity to acquire a boutique coastal asset requiring virtually no deferred maintenance while offering investors flexibility for both traditional long-term rental operations and short-term rental strategies where permitted. With its rare large-unit configuration, luxury renovations, abundant parking, and premier Pacific Beach location, the property offers an institutional-quality investment combining stable in-place income with outstanding long-term appreciation potential in one of Southern California’s most supply-constrained rental markets. Read Less
Listing Snapshot
Days Online
45
Last Updated
Lot Size
0.11 Acres
Year Built
1987
MLS Number
260023067SD
Additional Details
Building
Built in 1987, 1 building, 2 stories, Levels: Two
Community
Park Name: complex
Cooling
WallWindowUnits
Fence
None
Heating
Electric
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $197,400, Net Operating Income: $132,589
Lot
0.1059 acres
Roof
RolledHotMop
Taxes
Parcel Number: 4163221300
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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