1320 Felspar

San Diego, CA 92109

Located approximately six blocks from the beach, within walking distance to the best dining, nightlife and shopping that Pacific Beach has to offer, 1320 Felspar Street is a seven-unit multifamily investment property with immediate upside potential. The unit mix consists of four (4) one-bedroom/one-bathroom units and three (3) two-bedroom/one-bathroom units. There are three surface off-street parking spaces in front and four garages in back, as well as gated front and rear access, a charming lightly landscaped courtyard, and a laundry room on-site. Built in/around 1968 on a +/-6,335 SF lot, the two-story structure was built of wood-frame construction upon a concrete on grade foundation, with a flat mansard roof, and has a combination of stucco and ornamental brick tile exterior. Units feature wall heat, and are separately metered for gas and electricity. Most units have tile countertops, white cabinets and standard white appliances. Two of the units have been upgraded with vinyl plank flooring. Of the 5+ unit properties to have sold in Pacific Beach within the past nine months, few are as well situated within PB as this property. Don´t miss the opportunity to acquire such a superbly located multifamily property with a balanced unit mix, ample off-street parking (including garages), immediate upside, and the ability to become a well-performing legacy asset. This extremely desirable coastal sub-market continues its strong upward trend, as more people relocate to San Diego and often prefer proximity to the beach.

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