930 Felspar Street

San Diego, CA 92109

$13,000,000

List Price

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Property Description

Pleased to present the “The Grand Apartments,” a twenty-four (24) unit property located just off the coast of Pacific Beach, San Diego. Located at 930 Felspar St, the subject property is situated on a 14,077 square foot lot and is comprised of eight (8) studio units and sixteen (16) one bedroom/one-bath units. The property was recently remodeled inside and out with luxury finishes and a modern design. The units have all been upgraded with new cabinets, quartz countertops, vinyl plank flooring, stainless appliances, and lighting fixtures. The property’s landscaping, windows, and common areas have also been upgraded. Pacific Beach is perceived to be among the best multifamily investment neighborhoods in San Diego. Additionally, this property is considered a “walker’s paradise,” boasting a walk score of 93. Residents can enjoy being just a few blocks from the Pacific Ocean and the bustling Garnet and Grand Ave, allowing residents to live an idyllic suburban lifestyle, while being situated a short walk to the beach and a myriad of local shops and restaurants. This property is an opportunity for an investor to purchase a rare turn-key investment property in a high demand rental submarket. The owner will enjoy the security of having a property that is destined to maintain its desirability and increase in value over time. This offering is perfect for a long-term investor seeking a multifamily investment in a premier San Diego location.

Listing Information

List Price $13,000,000
Status Active
MLS 240014512SD
HOA $0
Type Commercial
Subtype Mixed Use
Lot Size N/A
Structure Size N/A
DOM 50
Courtesy Of Marcus & Millichap
Listing Agent Austin Huffman DRE#01981817

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Austin Huffman, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 24th, 2024 at 10:34 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.