OPTIONS! Long term rental, Airbnb or potential condo conversion. $250,000+ current gross annual income. 1152-54 Pacific Beach Dr. is a premier four-unit investment property in the coveted Sail Bay neighborhood of Pacific Beach, San Diego. Originally constructed in 1980 and extensively renovated in 2023, this coastal gem features a desirable condo quality mix of one large four-bedroom/two-bath front house, one three-bedroom/two-bath unit, and two two-bedroom/two-bath units. Two single car garages are also at the rear of the building along with four surface parking spaces. The units are spacious, ranging from 800 to 2,000 square feet, boasting modern interiors with new kitchens, stainless steel appliances, marble countertops, and farm-style sinks. Select units include full-size washer/dryers, and all benefit from air conditioning and new dual-pane windows. Additional upgrades include a new 30 year roof, all new electrical sub-panels, iron security gates, EV charging stations and more. Ideally situated just one block from Sail Bay, residents enjoy proximity to the Bayside Boardwalk, Fanuel Street Park, and the Catamaran Resort, with the Pacific Ocean also a short walk away. Numerous shops, restaurants, and bars of Pacific Beach and Mission Beach are also within easy reach, enhancing the property’s appeal for residents. This versatile investment offers opportunities for long-term rentals, lucrative Airbnb potential, or potential condo conversion, with comparable nearby condos fetching nearly $1,000 per square foot.
For sale
$3,945,000
1152-54 Pacific Beach Dr, San Diego, CA 92109
11beds
8baths
--sqft
Est.:
Multi Family
Built in 1980
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Pacific oceanBayside boardwalkCatamaran resortModern interiorsIron security gatesFarm-style sinksEv charging stations
- 39 days
- on Zillow |
- 666 |
- 32 |
Zillow last checked: 7 hours ago
Listing updated: July 03, 2025 at 12:37pm
Listed by:
Nate Pepper DRE #01993739 858-546-2645,
CBRE
Source: SDMLS,MLS#: 250032404
Originating MLS: San Diego Association of REALTOR

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 8
Cooling
- Other/Remarks
Interior area
- Total structure area: 4,628
Property
Features
- Levels: 2 Story
- Fencing: Gate
Details
- Parcel number: 42325214
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood/Stucco
- Roof: Other/Remarks
Condition
- Year built: 1980
Community & HOA
Community
- Security: Gated Community
- Subdivision: PACIFIC BEACH
Location
- Region: San Diego
Financial & listing details
- Tax assessed value: $2,965,140
- Annual tax amount: $36,460
- Date on market: 7/3/2025
- Listing terms: Other/Remarks
- Tenant pays: Electricity, Gas/Propane
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