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Residential Income for sale : 9 bedrooms : 1173-1179 Felspar St. in San Diego

1173-1179 Felspar St. San Diego

Main Photo: Residential Income for sale : 9 bedrooms : 1173-1179 Felspar St. in San Diegobanner
$3,350,000
Prop. Type:
Residential Income
MLS® Num:
260004398
Status:
Active
Bedrooms:
9
Bathrooms:
5
Year Built:
1953
PRIME REDEVELOPMENT OPPORTUNITY IN PACIFIC BEACH! Don’t miss this rare opportunity to own two 4-unit residential complexes in the heart of Pacific Beach. Ideally located on the corner of Felspar & Everts St., this property sits in a highly desirable neighborhood with strong rental demand and abundant local amenities; making it an excellent redevelopment opportunity! Just one block from PB’s vibrant main strip on Garnet Ave. and only a few short blocks from the beach. Prime location close to popular restaurants, shops, nightlife, and coastal attractions, including Crystal Pier, Sail Bay, Mission Beach, and Belmont Park. This location provides easy access to some of San Diego’s most desirable destinations. Property Details: *Two Parcels Sold Together* Total Lot Size Approx.: 6,696 sq. ft. Parcel 1 (1165-1171): Three 2-bedroom, 1-bathroom ground-floor units (~760 sq. ft. each) One upstairs 2-bedroom, 2-bathroom unit (~932 sq. ft.) Four garages and shared laundry room Parcel 2 (1173-1179): Three 2-bedroom, 1-bathroom ground-floor units (~760 sq. ft. each) One upstairs 3-bedroom, 2-bathroom unit (~932 sq. ft.) Four garages and shared laundry room
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
1
County Or Parish:
San Diego
Market Area:
Coastal South
Neighborhood Code:
Pacific Beach
Name of Complex/Subdivision:
PACIFIC BEACH
Building Name:
N/A
Total Building Area:
Switch units of measure3,212 sq. ft.
Total Floor Area:
Switch units of measure0 sq. ft.
Total Bedrooms:
9
Bathrooms:
5
Full Bathrooms:
5
Half Bathrooms:
0
Stories:
2 Story
Total Stories:
2
Year Built:
1953
Age (in years):
Switch units of measure73 year(s)
Short Sale:
false
Mello Roos Fee:
$0
Other Fees:
$0
Monthly Total Fees:
$0
Terms:
Cash, Conventional
Cap Rate.:
2.53
Gross scheduled income:
142801.0
Other income actual:
0
Operating expense:
57923.0
Gross Rent Multiplier:
23.0
Number of Units:
4
Number of Units with Cooling:
0
Tenant pays:
Trash, Electricity, Gas/Propane
Unit Number for Unit 1:
1173
Unit Number for Unit 2:
1175
Unit Number for Unit 3:
1177
Unit Number for Unit 4:
1179
I-5 North - take Exit 23A to Grand Ave./Garnet Ave. I-5 South - take Exit 23 to Balboa Ave./Garnet. Take a right on Everts St.
Site Influences:
Alley Access, Corner Lot, Public Street, West of I-5
Complex Features:
Laundry Facilities
Special Listing Conditions:
N/K
Age Restrictions:
N/K
Exposure Front:
N/K
Construction Material:
Stucco
Lot Size:
Switch units of measure0 sq. ft.
Parcel Number:
415-623-01-00
Heating:
Wall/Gravity
Heating fuel:
Natural Gas
Cooling:
N/K
Utilities:
Sewer Connected
Pool Features:
N/K
Spa Features:
N/K
Roof:
Composition
Security:
N/K
Water supply:
Meter on Property
Pets Allowed:
Yes
Fencing:
Full
Listed by Shore Management Inc
Data was last updated February 27, 2026 at 07:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego Multiple Listing Service, Inc.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego Multiple Listing Service, Inc.