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John R Thompson

jrtcalibroker@gmail.com +1(805) 796-5221

Listed by Carlos Rodrigues M Rodrigues • Berkshire Hathaway HomeService

$2,699,000

Est. payment - /mo

5,133 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,133 sqft

Price per Sqft $525

MLS Listing ID 8P-2606902

Year Built 1980

Lot Size 5,133 Sqft

Property Sub-Type Quadruplex

Source California Regional Multiple Listing Service (CRMLS)

Property Description

Exceptional value-add multifamily opportunity in the highly sought-after Mission Beach submarket. This 4-unit apartment property sits on an approximately 5,133 SF lot comprised of two APNs and offers a compelling investment profile with below-market rents, a vacant unit, and significant rental upside. The unit mix includes one 3-bedroom/2.5 bath unit, 2-bedroom/2-bath unit, and two 2-bedroom/1.5-bath units, providing strong tenant appeal in a supply-constrained coastal rental market. Current occupancy is 75%, with one vacant unit creating an immediate opportunity to establish market rent while preserving in-place cash flow from the occupied units. The property's location in Mission Beach benefits from exceptionally high barriers to entry, limited new multifamily development opportunities, and consistently strong demand for coastal housing. A standout feature is the extensive onsite parking, downstairs laundry facility, a storage room, including a 2-car garage, the other is a tandem 4-car with two additional spaces, giving this property 8 total parking spots! With one additional covered parking space, an increasingly scarce amenity in the coastal market. Positioned just 1 block from both the Pacific Ocean and the Mission Bay yacht club, the asset offers investors the opportunity to acquire a well-located coastal multifamily property with potential income growth and long-term appreciation in one of San Diego's most desirable beach communities. Property does present an opportunity for interior improvements and rental repositioning. Buyers to satisfy themselves regarding unit condition through seller-provided inspections and their own due diligence. Photos can be provided upon request. Don't miss this opportunity!

Location

State CA

County San Diego

Area 92109 - Pacific Beach

Zoning Multi Family Dwellings

Interior

Interior Features Balcony

Laundry In Closet, Outside

Exterior

Exterior Feature Barbeque Private

Parking Features Garage Faces Rear, Assigned, Attached Carport, Built-In Storage

Garage Spaces 2.0

Pool None

Community Features Curbs, Sidewalks, Street Lights, Watersports

Utilities Available See Remarks, Cable Available, Electricity Available

View Y/N Yes

View Peek-A-Boo, Ocean, Back Bay, Bay

Building

Lot Description Corner Lot, Near Public Transit, Park Nearby, Walkstreet

Sewer Public Sewer

Others

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John R Thompson

+1(805) 796-5221

Broker/Owner License ID: 01200900

806 Manhattan Ct Pacific Beach (san Diego), CA 92109

John R Thompson

Key Details

Location

Interior

Exterior

Building

Others

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806 Manhattan Ct