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Hot Pacific Beach Properties

$3,149,000
220013262 MLS ACTIVE Status La Palma BLDG.
An Incredible & Rare Offering of Home Plus a Duplex at a Fantastic Location, Steps from the Famous & Fabulous Sail Bay & Fanuel Street Park (at La Palma St.)! There’s Great Potential to Expand & Build 4 Condo Units This property hasn’t been on the market for 30 years! Whether you are looking for a development opportunity, investment purchase or a home to live in and collect rental income, this is the property for you! The La Palma property features a larger lot, with a depth of 150 feet and easy access to the wonderful mission bay boardwalk that surrounds Mission Bay. Sail Bay beach access is also just around the corner from the home. Presently there’s a charming single level 2-bedroom beach bungalow home in front of the lot with its own laundry room, storage, and grassy yard. The separate rear building has two units (2 bedrooms each), shared laundry room, additional front and private backyard space. All units are in great condition and have light and bright features with ample parking for all tenants. With tenants set in the current 3 units, you can capture great rental income while implementing the designed plans to develop 4 amazing and desirable condo units. The featured renderings show what can be placed on the lot to capture the highest and best use of the property. The development opportunity should allow condominium ownership with potential to divide interest to each unit. Each unit will have its own private two car garage with direct access to the living area, along with a spacious roof deck to allow sunset views, a relaxing setting at this superior location.

1350-1354 La Palma St, Pacific Beach/Mission Beach

Listing courtesy of Epic Real Estate and Mgmt, Inc

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