Property listed by The Mendes Company, Anthony Mendes 619-222-9502
$1,995,000
Rarely does a property of this caliber come to market in one of San Diego's most coveted neighborhoods. This four-unit offering delivers breathtaking panoramic views of the San Diego Harbor. The diverse unit mix includes two 1-bedroom/1-bathroom apartments with spectacular harbor vistas, a 2-bedroom/1-bathroom single-family home with bay views, and… Read More a charming studio with its own private yard — appealing to a wide range of tenants and investment strategies alike. The upside potential is as impressive as the views. Three single-car garages present a compelling ADU conversion opportunity, four dedicated on-site parking spaces add premium value in an urban setting, and the property qualifies for favorable residential 2–4-unit financing. The units are ripe for modernization, offering a true value-add canvas for an investor ready to renovate, reposition rents, and build meaningful equity in an irreplaceable location. For the owner-occupant, this is a rare chance to plant roots in an iconic San Diego neighborhood while rental income offsets the mortgage. For the long-term investor, the property's RM-2-5 zoning and Complete Communities Housing Solutions designation at 6.5 FAR unlock genuine development potential: the parcel sits within a Transit Priority Area with no coastal overlay, no historic designation, and no environmental constraints — a clean entitlement profile for a future ground-up multifamily or condo project. With harbor views, multiple exit strategies, and a location that simply cannot be recreated. Read Less
Listing Snapshot
Days Online
125
Last Updated
Year Built
1942
MLS Number
260012365SD
Additional Details
Appliances & Equipment
GasWaterHeater
Building
Built in 1942, 2 buildings, 2 stories, Levels: Two
Community
Park Name: N/A
Cooling
None
Disclosures
Incorporated
Fence
Partial
Heating
FloorFurnace, NaturalGas
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $109,692, Net Operating Income: $70,789
Pool
None
Property
Bay, Panoramic
Roof
Composition
Taxes
Parcel Number: 4517360400, Zoning: RM-2-5
Tenant Pays
CableTv, Electricity, Gas, Sewer, Water
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September 23, 2026
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