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OCEAN BEACH Property for sale: 1476-80 Pescadero Drive in San Diego

1476-80 Pescadero Drive San Diego OCEAN BEACH

Main Photo: OCEAN BEACH Property for sale: 1476-80 Pescadero Drive in San Diegobanner
$7,000,000
Prop. Type:
2-4 Units
MLS® Num:
250026011
Status:
Active
Year Built:
1958
Oceanfront income property in Sunset Cliffs with sweeping views, a rare 4-car garage, and beautifully renovated rental units—offering an exceptional blend of location, flexibility, and lifestyle. Renovations were completed as recently as January 2025, and the entire property has been thoughtfully upgraded between 2020–2025 with new kitchens, baths, windows, and high-end finishes throughout. The front ocean-facing units enjoy private outdoor areas and unobstructed coastal views—one short-term rental was booked 317 nights over the past year. Two rear studios (bonus) are currently operated as long-term rentals. 2024 gross rental income totaled $445K with operating expenses of just $62K. Located just steps from Sunset Cliffs Natural Park, the beach, and neighborhood cafes. A rare opportunity to own a fully renovated oceanfront income property with strong financials and irreplaceable coastal frontage.
Total Floor Area:
Switch units of measure5,382 sq. ft.
Lot Size:
4,000-7,499 SF
Lot Size:
Switch units of measure5,227 sq. ft.
Number of Buildings:
1
Number of Units:
4
Year Built:
1958
Stories:
2 Story
Total Stories:
2
Market Area:
Coastal South
Community:
OCEAN BEACH
County:
San Diego
Neighborhood Code:
Sunset Cliffs
Name of Complex/Subdivision:
Pescadero Drive
Home Owner Fees:
0.0
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Electricity, Gas/Propane
Other income:
383000
Annual expense actual:
63000
Cap Rate.:
5.62
Gross Rent Multiplier:
15.72
Gross scheduled income:
445100
Projected gross scheduled income:
400000
Unit Number for Unit 1:
1476
Finished Area for Unit 1:
Switch units of measure1,100 sq. ft.
Bedrooms for Unit 1:
2
Number of bathrooms for Unit 1:
1
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
10000.0
Total Rent for Unit 1:
126000.0
Projected Rent for Unit 1:
126000.0
Total Garage Spaces for Unit 1:
1
Garage for Unit 1:
Assigned, Detached
Parking for Unit 1:
None Known
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
Yes
Unit Number for Unit 2:
1478
Finished Area for Unit 2:
Switch units of measure1,100 sq. ft.
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
12000.0
Total Rent for Unit 2:
128000.0
Projected Rent for Unit 2:
128000.0
Total Garage Spaces for Unit 2:
1
Garage for Unit 2:
Assigned, Detached
Parking for Unit 2:
None Known
Unit 2 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 2:
Yes
Unit Number for Unit 3:
1478.5
Finished Area for Unit 3:
Switch units of measure750 sq. ft.
Bedrooms for Unit 3:
2
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
7500.0
Total Rent for Unit 3:
96000.0
Projected Rent for Unit 3:
96000.0
Garage for Unit 3:
Assigned, Detached
Parking for Unit 3:
None Known
Unit 3 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 3:
Common
Unit Number for Unit 4:
1476.5
Finished Area for Unit 4:
Switch units of measure750 sq. ft.
Bedrooms for Unit 4:
2
Number of bathrooms for Unit 4:
1
Full Bathrooms for Unit 4:
1
Half Bathrooms for Unit 4:
0
Deposit for Unit 4:
4000.0
Total Rent for Unit 4:
46000.0
Projected Rent for Unit 4:
50000.0
Garage for Unit 4:
Assigned, Detached
Parking for Unit 4:
None Known
Unit 4 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 4:
Common
Pescadero Avenue
School District URL:
https://www.sandiegounified.org/
Elementary School:
San Diego Unified School District
Elementary School URL:
https://www.sandiegounified.org/
Middle School:
San Diego Unified School District
Middle School URL:
https://www.sandiegounified.org/
High School:
San Diego Unified School District
Site Influences:
Corner Lot, Public Street, Street Paved, West of I-5
Miscellaneous:
Outbuilding, Value in Land
Complex Features:
BBQ, Beach Rights, Other/Remarks
Exposure Front:
Ocean/Bluff, Ocean/Sand
Exterior Features:
Stucco, Vinyl
View:
City, Ocean/Bay, Panoramic, Panoramic Ocean
Directions:
Sunset Cliffs Boulevard to Pescadero Avenue to Pescadero Drive.
Cooling:
None
Heating:
Forced Air Unit, Other/Remarks
Heating fuel:
Natural Gas
Irrigation:
N/K
Number of Units with Cooling:
0
Number of Units with Dishwashers:
4
Number of Units with Dryers:
2
Number of Units with Fireplaces:
0
Number of Furnished Units:
3
Number of Units with Garages:
4
Number of Units with Patios:
4
Number of Units with Range/Oven:
4
Number of Units with Refrigerators:
4
Number of Units with Washers:
2
Pool:
N/K
Pool Heat:
None Known
Spa:
N/K
Spa Heat:
None Known
Roof:
Other/Remarks
RV Parking:
None Known
Sewer Septic:
Sewer Connected
Telecommunications:
Cable (coaxial), Wired High Speed Internet
Water district:
CITY OF SAN DIEGO
Water Heater Type:
Gas
Water supply:
Meter on Property
Security:
Other/Remarks
Fencing:
Full
Topography:
Level
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional
Parcel Number:
448-242-03-00
Listed by Pacific Sotheby's Int'l Realty
Data was last updated May 1, 2025 at 07:10 PM (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 © 2025 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 © 2025 San Diego Multiple Listing Service, Inc.