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$ 2,425,000
Est. payment | /mo
4 Beds
4 Baths
5,918 Sqft Lot
$ 2,425,000
Est. payment | /mo
4 Beds
4 Baths
5,918 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Pacific Beach
MLS Listing ID 260026252
Bedrooms 4
Full Baths 4
Year Built 1948
Lot Size 5,918 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present 934–940 Chalcedony Street, a rare four-unit coastal investment opportunity with RTI plans for 4 additional 2nd level units ideally located just two blocks from the beach in the heart of Pacific Beach. Currently operating as a vacation rental, the property offers investors immediate income alongside a compelling value-add strategy in one of San Diego's most desirable and supply-constrained coastal rental markets. Built in 1948, the property consists of four 1-bedroom/1-bath residences, each approximately 525 square feet. Each unit is complemented by its own private one-car garage accessed from the alley, an increasingly scarce amenity within San Diego's beach communities. The existing interiors provide a clear opportunity for modernization, allowing a new owner to reposition the residences, enhance the guest experience, and potentially capture additional rental income. Further distinguishing the offering is its significant development potential. Existing plans contemplate the addition of four units through the construction of a new second floor, creating an opportunity to potentially double the existing unit count while maximizing the value of an irreplaceable coastal site. Combined with the opportunity to renovate the existing residences, the expansion strategy provides multiple avenues for long-term value creation. Located only two blocks from the Pacific Ocean, residents and guests enjoy convenient access to the beach as well as Pacific Beach's extensive collection of restaurants, cafés, retail, nightlife, and outdoor recreation.
Location
State CA
County San Diego
Area Coastal South
Interior
Heating Wall/Gravity
Cooling Wall/Window
Fireplace No
Exterior
Fence Gate
Utilities Available Sewer Available
View Y/N Yes
Water Access Desc Meter on Property
View Ocean
Roof Type Composition
Building
Story 1
Water Meter on Property
Level or Stories 1
Others
Senior Community No
Tax ID 415-472-15-00
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Conor M Brennan, DRE#01918598 Conor Brennan, Broker
Nearby Locations
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Keegan Wetzel
Founder | Naval Academy | OIF Veteran License ID: 02153342