CROWN POINT
CROWN POINT
4051 MORRELL ST, SAN DIEGO, CA 92109
Whitewater Commercial Real Estate is pleased to present 4051 Morrell Street, a 3-unit multifamily property located in San Diego’s highly desirable Crown Point neighborhood of Pacific Beach.
Situated on a 5,375 SF lot, the property offers 3,158 rentable SF across two buildings, along with five single-car garages and an on-site laundry room. The property features an attractive unit mix of spacious 2-bedroom and 3-bedroom residences, each with private outdoor patios and/or balconies, providing desirable indoor-outdoor living in a premier coastal neighborhood.
Located in the heart of Crown Point, just steps from Mission Bay, beaches, parks, restaurants, and entertainment, the property offers residents convenient access to San Diego’s coastal lifestyle. Current rents are approximately 30% below estimated market rents, providing significant rental upside. With larger residential units, five garages, below-market rents, and a highly desirable Crown Point location, 4051 Morrell Street presents an opportunity to increase income while benefiting from the long-term appeal of the Pacific Beach rental market.
PROPERTY DETAILS
Purchase Price - $2,400,000
3,158
03
SQ. FT.
UNITS
1950
5,375
YEAR BUILT
LOT SIZE
Pacific Beach
Value-Add
LOCATION
ASSET TYPE
PROPERTY HIGHLIGHTS
01 / Three Unit Property
Fully renovated in 2026 — turnkey, low-maintenance asset consisting of ten units: (7) 1BD/1BA, (2) 2BD/1.5BA, (1) 2BD/2BA.
02 / Crown Point Location
Located in University Heights, just behind Park Blvd, the neighborhood’s retail corridor with popular cafes, restaurants, bars and breweries within steps.
03 / Value-Add Investment
Upgrades include new electrical upgrade, plumbing, in-unit laundry, quartz countertops, stainless appliances, AC Units, with 10 off street parking spaces.
Listing Team
Whitewater Commercial Real Estate
350 Tenth Ave #710, San Diego, CA 92101
License #: CA 012255012