1228 Grand Ave

Why this one

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.