Description

1460 Grand Avenue presents a rare multifamily investment and development opportunity in the heart of Pacific Beach. The property consists of three renovated residential units and includes plans in final review for the construction of six additional studio units, creating the potential for a nine-unit asset upon completion. The existing improvements include a two-bedroom house, an additional two-bedroom unit, and a three-bedroom unit, providing immediate rental income while minimizing near-term capital expenditures. Investors can continue generating cash flow during construction of the proposed six studio units, offering an attractive combination of current income and future upside. Ideally located approximately four blocks from Mission Bay and seven blocks from the Pacific Ocean, the property is within walking distance of Pacific Beach's restaurants, cafés, shopping, nightlife, and recreational amenities. With driveway and alley access, on-site parking potential, and plans that include private balconies with potential bay and ocean views, 1460 Grand Avenue offers a compelling opportunity to acquire an income-producing coastal asset with significant long-term development potential.