1303 Missouri St, Pacific Beach/Mission Beach, CA 92109

$2,350,000
5
BD
2
BA
1,200
SqFt

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List Price
$2,350,000
Status
ACTIVE
MLS#
260023942
Bedrooms
5
Bathrooms
2
Living Sq. Ft
1,200
Lot Size(apprx.)
6,251
Property Type
Single Family Residential
Year Built
1947

Property Description

Income today, development󠃳󠂠󠂀󠂠󠃢󠂁󠂢󠃢󠂁󠂣󠃢󠂁󠂣󠃍󠂏󠃍󠂏 potential tomorrow in North Pacific Beach. 1303 Missouri St features an existing single family residence generating $8,500 per month in rental income, plus shovel ready plans delivered stamped by city opon COE. The proposed ADUs include one 1-bedroom/1-bath, one studio/1-bath, and two 2-bedroom/1-bath units, totaling approximately 2,400 square feet of new residential space making this a 5 unit upon completion. Private patios and balconies, 2 tandem parking spaces, in-unit laundry and a 2025 brand new remodel on the existing residence. Retain the existing home and create a five-unit coastal rental property. Pacific Beach’s limited new housing supply adds to the appeal. With limited units coming online recently and the longstanding 30-foot height framework many investors are seeking for recession proof rents in Pacific Beach. Not to mention the scarce available land contribute with pacific ocean, high way 5 and the other significant barriers to new construction in the coastal overlay zone. Conveniently located near beaches, dining, shopping, and recreation, this property combines existing income with a defined expansion plan in one of San Diego’s most sought-after coastal neighborhoods. Buyer to verify rents, permit status, paid fees, development requirements, and construction timeline. Images are architectural renderings depicting proposed improvements that have not yet been constructed. Renderings are for illustrative purposes only.

Additional Information

Stories
2
Roof
Shingle
Cooling
Attic Fan, Central Air, Electric

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Christopher J Luna (916-397-4367) from Listing Office: Backyard Brokerage Inc..

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