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Candi DeMoura

[email protected] +1(858) 900-1333

$ 2,749,000

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Pending

5111 Mission Blvd San Diego, CA 92109

4 Beds

2 Baths

7,222 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

Subdivision Pacific Beach

MLS Listing ID 260005460

Bedrooms 4

Full Baths 2

Year Built 1948

Lot Size 7,222 Sqft

Lot Dimensions 125x58

Property Sub-Type Res Income 2-4 Units

Property Description

Rarely does a North Pacific Beach property present this level of flexibility, income, and long-term upside. Situated on an oversized 7,221 sq ft lot just 0.2 miles (a 5-minute walk) from the beach, this two-unit property is a compelling opportunity for investors, second-home buyers, and developers alike. The existing improvements include two 2-bedroom, 1-bath units, each with its own private outdoor space and one-car garage. Both units are lightly updated, featuring refreshed flooring, and are currently operated as proven short-term rentals. Ocean views are already captured from one unit, with the potential to enhance views through future development. Zoned RM-2-5 and located within the Complete Communities Housing Solutions (CCHS) area, the property unlocks a wide range of redevelopment pathways. Options include converting the garages into two studio ADUs, reconfiguring or expanding to four standard units, developing five condominiums, or pursuing a higher-density project of up to 14 units (subject to buyer verification and entitlements). A 30-foot height limit and 2.5 FAR further support the site's development potential. Located within the La Jolla school boundaries and surrounded by primarily residential uses, this is a rare chance to acquire a high-performing coastal asset with meaningful current income and exceptional future optionality — just moments from the sand.

Location

State CA

County San Diego

Area Coastal South

Zoning RM-2-5

Direction Northeast corner of Mission blvd and Tourmaline

Interior

Heating Zoned Areas

Cooling Zoned Area(s)

Fireplace No

Exterior

Fence Gate, Partial

Utilities Available Sewer Connected

View Y/N Yes

Water Access Desc Meter on Property

View Ocean

Roof Type Composition

Building

Story 1

Water Meter on Property

Level or Stories 1

Others

Senior Community No

Tax ID 415-242-27-00

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

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Listed by Steve Springer, DRE#01733282 Compass

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Candi DeMoura

Realtor | License ID: 01930846

+1(858) 900-1333

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San Diego, CA

Candi DeMoura

5111 Mission Blvd San Diego, CA 92109

Key Details

Location

Interior

Exterior

Building

Others

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5111 Mission Blvd