Listed by WHITEWATER Commercial Real Estate
$2,500,000
1460 Grand Avenue
Details
Property Type Multifamily, Land
Sub Type Apartment Building, Residential
Square Footage 2,273
Net Rentable (SqFt) 2,273
Units 3
Cap Rate 3.84%
NOI $96,098
Occupancy 100%
Tenancy Multi
Year Built 1950
Year Renovated 2026
Buildings 2
Lot Size (SqFt) 6,225
Investment Type Value Add
Pacific Beach Renovated Triplex | Plus Plans in Final Review to Add 6 Units
Marketing description
- Renovated Triplex with Immediate Income: Three updated residential units providing stable in-place cash flow.
- Plans for Six Additional Studios: Final-review plans to expand from three to nine total units.
- Generate Income During Development: Existing rentals can help offset carrying costs while new units are built.
- Prime Pacific Beach Location: Walkable to Mission Bay, the beach, restaurants, shopping, and nightlife.
- Exceptional Value-Add Opportunity: Combine current cash flow with significant long-term development upside.
Investment highlights
Whitewater Commercial Real Estate is pleased to present 1460 Grand Avenue, a rare investment opportunity in the heart of Pacific Beach.
This offering features a renovated triplex with plans in final review to add six additional studio units, providing investors with immediate rental income and the potential for a nine-unit asset in one of San Diego's most sought-after coastal neighborhoods.
Located just blocks from Mission Bay and the Pacific Ocean, the property combines strong in-place cash flow with exceptional long-term development upside.
Listing Contacts
Listed by WHITEWATER Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,098.00
$8,008.17/mo
Valuation Metrics
0
DSCR
3.84%
Cap Rate
3.84%
ROI
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