Investment Overview

Marcus & Millichap is pleased to present 311 San Elijo Street, a 3-unit multi-family property located just two blocks to San Diego Bay in the highly coveted Point Loma neighborhood of San Diego, California. Resting just north of Naval Base Point Loma, 311 San Elijo Street offers panoramic views of the Bay, Coronado and Downtown, security of the nearby Navy and close proximity to the water. This two-story complex features a mix of one 2-bedroom / 1-bath units (approximately 1,054 square feet) and two 1-bedroom / 1-bath units (approximately 588 square feet). Units feature private outdoor areas, new windows, new gas lines, custom cabinetry, upgraded kitchens, baths and appliance packages. A driveway at the side of the property leads to two rear double-car garages. A sophisticated investor seeking a turn-key triplex may raise rents to market, turn units to vacation rentals, or build additional ADUs while the property also works perfectly for an owner/occupant. Point Loma is situated on a scenic peninsula that offers breathtaking views of the Pacific Ocean, San Diego Bay and Downtown. The picturesque coastline and stunning sunsets create a desirable living environment, attracting residents and tourists alike. This natural beauty enhances the value of properties in the area, making it an excellent investment option. Point Loma boasts a rich history and a vibrant community. The neighborhood is home to the renowned Cabrillo National Monument, which commemorates the landing of Juan Rodriguez Cabrillo in 1542, making it a popular tourist destination. The area is also known for its military presence, with Naval Base Point Loma and the Marine Corps Recruit Depot located immediately to the south. This military influence provides stability to the local economy and contributes to a strong rental market, making it an appealing choice for investment properties. Furthermore, Point Loma offers a range of amenities, including upscale shopping centers, trendy restaurants, and recreational facilities, ensuring a high quality of life for residents. The combination of natural beauty, historical significance, and a thriving community makes Point Loma a great neighborhood to invest in for those seeking profitable real estate opportunities.