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Hot Pacific Beach Properties

$2,449,000
8 Beds 5 Baths 260018256 MLS ACTIVE Status
Rare North Pacific Beach Fourplex with Immediate Value-Add Opportunity! Address is 2127-2131 1/2 Felspar. Well-maintained and held as a long-term investment, this exceptional income property offers the ideal combination of strong in-place cash flow, low deferred maintenance, and significant upside potential. Featuring two separate duplexes with an attractive unit mix of two 2BR/1BA units, one 3BR/2BA unit, and one 1BR plus office, this property is perfectly positioned for both seasoned investors and 1031 exchange buyers. Zoned Rm-3. Two upcoming vacancies create an outstanding opportunity to renovate (if desired) and quickly capture market rents. One 2BR unit is vacant now, followed by the 3BR/2BA unit at the end of September, allowing a new owner to substantially increase income in the near term. An extensive list of repairs and upgrades is available, reflecting the pride of ownership and ongoing care invested in the property. Located in highly desirable North Pacific Beach, this quiet residential neighborhood consistently attracts quality tenants seeking a coastal lifestyle with everyday convenience. Just minutes from the beach, Mission Bay, shopping, restaurants, parks, and major employment centers, the property also enjoys close proximity to the local elementary school and easy freeway access. Rare North Pacific Beach Fourplex with Immediate Value-Add Opportunity! Address is 2127-2131 1/2 Felspar. Well-maintained and held as a long-term investment, this exceptional income property offers the ideal combination of strong in-place cash flow, low deferred maintenance, and significant upside potential. Featuring two separate duplexes with an attractive unit mix of two 2BR/1BA units, one 3BR/2BA unit, and one 1BR plus office, this property is perfectly positioned for both seasoned investors and 1031 exchange buyers. Zoned Rm-3 Two upcoming vacancies create an outstanding opportunity to renovate (if desired) and quickly capture market rents. One 2BR unit is vacant now, followed by the 3BR/2BA unit at the end of September, allowing a new owner to substantially increase income in the near term. Projected rental figures have been conservatively estimated, providing additional upside. The property has been consistently maintained over the course of ownership. An extensive list of repairs and upgrades is available, reflecting the pride of ownership and ongoing care invested in the property. Located in highly desirable North Pacific Beach, this quiet residential neighborhood consistently attracts quality tenants seeking a coastal lifestyle with everyday convenience. Just minutes from the beach, Mission Bay, shopping, restaurants, parks, and major employment centers, the property also enjoys close proximity to the local elementary school and easy freeway access. Investment opportunities with this combination of location, condition, unit mix, and near-term rental upside rarely become available in North Pacific Beach.

2127-2131 1/2 Felspar, Pacific Beach/Mission Beach

$2,275,000
4 Beds 3 Baths 260017939 MLS ACTIVE Status
Contemporary architecture and effortless indoor-outdoor living define this extensively remodeled residence in North Pacific Beach. Ideally located within the highly regarded La Jolla School District and moments from the beach, the approximately 1,832-square-foot floor plan offers 4 bedrooms and 3 updated bathrooms. The dramatic great room is highlighted by soaring ceilings and 5-panel folding LaCantina doors, creating a seamless connection with the outdoors. The backyard showcases an Ipe hardwood deck, pergola-covered dining area, fire pit lounge, and outdoor shower. At the heart of the upper level, the remodeled kitchen blends custom cabinetry, natural quartzite countertops, Bosch appliances, abundant storage, and direct access to the adjoining dining area and second-level terrace. Also on this level, the primary suite features a walk-in closet and a newly renovated bath, along with an additional bedroom and full bath. An expansive rooftop deck captures ocean views and spectacular sunsets, offering an exceptional setting for entertaining or relaxing. Additional highlights include white oak flooring, air conditioning, a finished garage with epoxy flooring and built-in storage, expanded driveway parking, and a Tigerwood front fence. Conveniently situated near Law Street Beach, Tourmaline Surfing Park, Bird Rock, and an array of local shops and eateries, this North Pacific Beach residence is perfectly positioned to enjoy the coastal lifestyle.

803 Wilbur Ave, Pacific Beach/Mission Beach

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