"RARE Pacific Beach 4-Unit Investment Opportunity Just 4.5 Blocks to the Ocean" WHAT WE LOVE: Unique opportunity to own a fully rented 4-unit property in the heart of Pacific Beach. Situated on historic Grand Avenue just 4.5 blocks from the beach, this property features a unique and desirable layout with a detached single-family home in the front and a three-unit structure in the rear, accessible via the alley. Two-single car garages from the alley and additional off-street parking add valuable functionality and tenant appeal. Private yard or patio space for each unit: Unit A) Detached house: front yard + back patio. Unit B) Two-story: private patio w/ enclosed wood fence. Unit C) Ground level: back patio w/ enclosed wood fence. Unit D) Upstairs: patio/balcony. Rear units just had the entire roof redone - new wood, TPO on flat portion, drains, gutters, fascia - with a transferrable warranty, upgraded electrical panel, fresh wood siding in sections and property has just received Sec. 1 termite clearance. Each unit is currently occupied, providing immediate income in one of San Diego's most established coastal rental markets. The front home offers its own driveway and entry, elevated up off the street with a privacy hedge, front yard/patio and mature tree canopy providing a little extra. While the rear units enjoy private access and dedicated parking. Zoned for long-term rental investment with stable occupancy and strong area demand. Close to shopping, dining, and beach access, this is a solid portfolio addition in a high-demand neighborhood with proven rentability. WHAT WE LOVE (Cont..): Located just 4.5 blocks from the Pacific Ocean, this centrally positioned 4-unit property sits in one of the most walkable and vibrant sections of Pacific Beach. Tenants enjoy easy access to everything PB has to offer: miles of sandy beaches, the scenic boardwalk, and nearby Mission Bay, Sail Bay, and Crown Point for kayaking, paddleboarding, and cycling. Historic Grand Avenue also offers tenants walkable public transportation options and is home to local events like the PB Holiday Parade and seasonal farmers markets. Within a short stroll are dozens of popular restaurants, cafés, breweries, fitness studios, and boutique shops "” making this area a year-round hotspot for renters. Highly accessible to nearby universities including UCSD, USD, PLNU, and SDSU, this location draws student, faculty, and professional tenants alike. Zoned for Pacific Beach Middle School (recently remodeled and now an International Baccalaureate (IB) school) and Mission Bay High School (also IB designated), the area continues to gain appeal among tenants seeking strong academic options. Just minutes to downtown San Diego, the airport, and major freeways, this property offers both a premium beachside lifestyle and commuter convenience "” a rare combination that supports long-term rental stability.
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DAYS ON MARKET
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1
|
LAST UPDATED
|
8/11/2025
|
|
TRACT
|
Pacific Beach
|
YEAR BUILT
|
1952
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COMMUNITY
|
92109 - Pacific Beach
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COUNTY
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San Diego
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STATUS
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Active
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PROPERTY TYPE(S)
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Residential Income
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| AIR |
None |
| AREA |
92109 - Pacific Beach |
| LOT |
6216 sq ft |
| POOL DESCRIPTION |
None |
| STORIES |
2 |
| SUBDIVISION |
Pacific Beach |
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Listed with The Greenhouse Group Inc
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 8/12/25 10:26 AM PDT 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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