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$2,335,000
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Property Description
"RARE Pacific Beach 4-Unit Investment Opportunity Just 4.5 Blocks to the Ocean" WHAT WE LOVE: Unique opportunity to own a fully rented 4-unit property in the heart of Pacific Beach. Situated on historic Grand Avenue just 4.5 blocks from the beach, this property features a unique and desirable layout with a detached single-family home in the front and a three-unit structure in the rear, accessible via the alley. Two-single car garages from the alley and additional off-street parking add valuable functionality and tenant appeal. Private yard or patio space for each unit: Unit A) Detached house: front yard + back patio. Unit B) Two-story: private patio w/ enclosed wood fence. Unit C) Ground level: back patio w/ enclosed wood fence. Unit D) Upstairs: patio/balcony. Rear units just had the entire roof redone - new wood, TPO on flat portion, drains, gutters, fascia - with a transferrable warranty, upgraded electrical panel, fresh wood siding in sections and property has just received Sec. 1 termite clearance. Each unit is currently occupied, providing immediate income in one of San Diego's most established coastal rental markets. The front home offers its own driveway and entry, elevated up off the street with a privacy hedge, front yard/patio and mature tree canopy providing a little extra. While the rear units enjoy private access and dedicated parking. Zoned for long-term rental investment with stable occupancy and strong area demand. Close to shopping, dining, and beach access, this is a solid portfolio addition in a high-demand neighborhood with proven rentability.
Full Property Details
Full Property Details for 1228 Grand Ave
General
- Sold For: $2,335,000
- Status: Closed
- Type: Multi-Family
- Source: SANDICOR
- MLS ID: 250035996
- Added to Site: 192 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 5
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 7
Additional Information
- Pool: Yes
Location
- Area: San Diego (92109)
- County: San Diego
- Subdivision: PACIFIC BEACH
- Neighborhood: Pacific Beach
- Complex: 1228 Grand Ave
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Stucco, Wood
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 3,700
- Year Built: 1952
Unit Information
- Units in Building: 4
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,218
- Lot Size: .14
- Zoning: R-3:RESTRI
Financial Considerations
- Operating Expenses: $74,233
- Terms: Cash, Conventional
- Tenant Pays: Electricity, Gas/Propane
Disclosures and Reports
- Special Conditions: Call Agent, Other/Remarks
- Property ID: 423-161-16-00
Listed by The Greenhouse Group Inc (858) 863-0261, Jesse Ibanez
Sold by Backyard Brokerage Inc. (858) 337-2796, Christopher J Luna
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Schools
Schools serving 1228 Grand Ave
School District:San Diego City Unified School District
| Name | Grades | Distance |
|---|---|---|
Pacific Beach Elementary School 1234 Tourmaline Street, San Diego, CA 92109 | K-5 | 0.9 mi |
Pacific Beach Middle School 4676 Ingraham Street, San Diego, CA 92109 | 6-8 | 0.4 mi |
Mission Bay High School 2475 Grand Avenue, San Diego, CA 92109 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1228 Grand Ave
Date
Details
Price
Change
Source
10/01/2025
Sold
$2,335,000
1.52%
MLS
8/11/2025
Listed
$2,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1228 Grand Ave, San Diego, CA 92109 (MLS# 250035996) is a Multi-Family property that was sold at $2,335,000 on October 01, 2025. Want to learn more about 1228 Grand Ave? Do you have questions about finding other Multi-Family real estate for sale in San Diego? You can browse all San Diego real estate or contact a Coldwell Banker agent to request more information.

