1460 Grand Ave
1460 Grand Ave, San Diego, CA 92109
PROPERTY DETAILS
Property Make Up: (3) Units
(1) 3-Bed / 1-Bath
(2) 2-Bed / 1-Bath
(6) Studios (Proposed)
Building Size: 2,273 SF
Lot Size: 6,225 SF
PROPERTY HIGHLIGHTS
Three Renovated Residential Units Providing Immediate Rental Income
Plans in Final Review to Expand the Property from Three to Nine Residential Units
Existing Rental Income Can Help Offset Carrying Costs During Construction
Highly Walkable Pacific Beach Location Just Blocks from Mission Bay and the Pacific Ocean
Rare Opportunity to Combine Stable Cash Flow with Significant Long-Term Development Upside
PROPERTY DESCRIPTION
CONTACT BROKER FOR OM
Whitewater Commercial Real Estate is pleased to present 1460 Grand Avenue, a rare multifamily investment and development opportunity in the heart of Pacific Beach. The property features three renovated residential units with plans in final review to construct six additional studio units, creating the potential for a nine-unit asset.
The existing improvements include two 2-bedroom units and one 3-bedroom unit, providing immediate rental income with limited near-term capital needs. The proposed expansion is designed to complement the existing improvements and offers investors the opportunity to generate income while completing the development.
Located along Grand Avenue, the property is approximately four blocks from Mission Bay and seven blocks from the Pacific Ocean. Residents enjoy a highly walkable lifestyle with convenient access to Pacific Beach's restaurants, cafés, shopping, nightlife, and recreational amenities.
Combining stable in-place cash flow, plans for six additional units, and a premier coastal location, 1460 Grand Avenue offers investors a unique opportunity to acquire an income-producing asset with substantial long-term development upside in one of San Diego's most desirable rental markets.
