San Diego, CA 92109 901 Sapphire Street

901 Sapphire Street San Diego, CA - Image 1901 Sapphire Street San Diego, CA - Image 2901 Sapphire Street San Diego, CA - Image 3
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901 Sapphire Street San Diego, CA - Image 4901 Sapphire Street San Diego, CA - Image 5
Presented By: Mike Aon with Realty Executives Dillon; Mike@theaongroup.com
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# PTP2504299
  • 06/10/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 1
  • Baths • 1
  • SQFT • 6,320

Home Details

Incredible opportunity to own a 10-unit multifamily property in the heart of Pacific Beach (92109), one of San Diego’s most sought-after coastal communities. Just blocks from the ocean, this walkable location boasts a Walk Score® of 88 and provides easy access to Garnet Avenue, shops, restaurants, nightlife, and public transit. This Pacific Beach, prime location multi-unit property consists of ten 1-bedroom units with development potential to convert several units into 2-bedroom layouts (buyer to verify). Situated on a 7,876 SF R-3 zoned lot (0.18 acres), the site also offers long-term redevelopment upside. Additional features include 10 surface parking spaces, strong in-place income, and significant value-add potential through interior renovations and rent optimization. With limited inventory in the area and high tenant demand, this is a rare investment opportunity with room to grow in both cash flow and equity. See attached Memorandum in Documents.
Presented By: Mike Aon with Realty Executives Dillon; Mike@theaongroup.com

Interior Features for 901 Sapphire Street

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 901 Sapphire Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.96
Carport Y/NNo
CitySan Diego
Community FeaturesCurbs, Gutters, StormDrains, StreetLights, Sidewalks
CountySan Diego
DirectionsGPS
Electric Expense5472.0
Electric On Property Y/NNo
Entry Locationfirst and second
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income262086.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense3800.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet7840.8
Lot Size UnitsAcres
MLS Area92109 - Pacific Beach
MobileHomeRemainsYNNo
Net Operating Income173435.0
New ConstructionNo
Number Of Units Total10
Open Parking Spaces10.0
Operating Expense88651.0
Pool FeaturesNone
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot33 & 34 & E?½ Lot 35
Taxes$23,098
Trash Expense2200.0
Virtual TourClick here
Water Sewer Expense4000.0
Year Built1950
Year Built SourceAppraiser
ZoningR-3:RESTRICTED MULTIPLE

Exterior for 901 Sapphire Street

Building Area Total6320.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50 feet (frontage) x 157.52 feet (depth)
Lot Size Acres0.18
Lot Size Area0.18
Lot Size SourceAppraiser
LotDimensionsSourceAppraiser
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking10.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $4,000,000
MLS#PTP2504299
List Date 06/10/2025
Property Type Multi-Family
Phone 714.742.6515
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