1460 GRAND
1460 GRAND AVE
1460 GRAND AVE, SAN DIEGO,CA 92109
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.
PROPERTY DETAILS
Purchase Price - $2,500,000
2,273
03
SQ. FT.
UNITS
03
6,225
PARKING
LOT SIZE
Pacific Beach
Value Add
LOCATION
ASSET TYPE
PROPERTY HIGHLIGHTS
01 / Development Plans
Property can be purchased with plans for a 9-unit multi-family property, with the development to be built between the front house and back duplex.
02 / Location
Located in Pacific Beach, blocks from the Pacific Ocean, in one of San Diego’s most attractive neighborhoods.
03 / Existing Rental Income
Primary front-house, (3)-Bed/1-Bath & (2) 1-BR/1-BA provide rental income to offset holding costs during development.
Listing Team
350 Tenth Ave #710, San Diego, CA 92101
License #: CA 01974818