Investment Overview

Marcus & Millichap is proud to present this exceptional 5-unit garden-style apartment community located in the highly sought-after coastal neighborhood of Pacific Beach, San Diego, CA. The property consists of five units: one 1BR/1BA, three 2BR/1BA units, and one 3BR/1BA standalone home. The 3BR unit will be delivered vacant by July 15, 2025. Residents benefit from ample off-street parking, on-site laundry, and a spacious central courtyard nestled between the two buildings—offering a comfortable and communal outdoor living space. Ownership has meticulously maintained the property over the years. While it is in strong physical condition, current rents trail the market by approximately 30%, presenting an immediate value-add opportunity for investors through interior upgrades and repositioning. Located in Pacific Beach (“PB”), one of San Diego’s most desirable coastal communities, the property sits within a quiet enclave known as Rose Canyon. This unique location offers tenants the best of both worlds: proximity to the vibrant beach lifestyle, dining, and entertainment that PB is known for, while providing a peaceful, residential setting that appeals to both young professionals and families. The property is also within close reach of elementary, middle, and high schools, and benefits from excellent freeway access via Interstate 5—providing easy connectivity to all of San Diego County. This offering presents a rare opportunity to acquire a well-maintained asset with significant rental upside in one of San Diego’s strongest rental submarkets