Investment Overview

Marcus & Millichap is pleased to present for sale a 7 unit partially renovated apartment complex in the Pacific Beach neighborhood of San Diego. Constructed in 1968 with recent upgrades, this property rests on a 6,335 SF lot and offers 5,028 of rentable SF. 1320 Felspar St is comprised of (one) three-bedroom/2-bathroom unit, (2) two-bedroom/1-bathroom units, and (4) one-bedroom/one-bathroom units. In 2022, the units were turned over with various updates to the interiors. With architectural plans already submitted to the city, investors could convert the garages adding an additional (2) large one-bedroom/one-bathroom units making this property 9-units total. ADU units 563 and 601 SF. Pacific Beach is one of San Diego’s most profitable rental markets that continues to attract high quality and reliable tenants. 1320 Felspar St has a walk score of 93 and is just steps away from over 50 restaurants, bars, shops, and attractions located along Garnet Ave. Located just 6 blocks from the beach, this property is a rare opportunity to acquire a high performing asset with upside in one of Southern California’s most desirable coastal markets.