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# PTP2504354
  • 06/11/2025
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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.
  • 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
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
CountySan Diego
DirectionsGPS
Electric Expense5472.0
Electric On Property Y/NNo
Garage Y/NNo
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
MLS Area92109 - Pacific Beach
MobileHomeRemainsYNNo
Net Operating Income173435.0
New ConstructionNo
Number Of Units Total10
Number of Units Leased10
Open Parking Spaces10.0
Operating Expense88651.0
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Trash Expense2200.0
UtilitiesElectricityConnected
Virtual TourClick here
Water Sewer Expense4000.0
Year Built1950
Year Built SourceAssessor
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 157.2 feet (depth)
Lot FeaturesLevel, StreetLevel
Lot Size Area0.18
Lot Size SourceAppraiser
LotDimensionsSourceAppraiser
Number of Buildings1
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#PTP2504354
List Date 06/11/2025
Property Type Commercial
Phone 714.742.6515
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