Get the App

901 Sapphire Street, San Diego, CA 92109

Commercial property · 2 recorded sales since 2025

901 Sapphire Street, San Diego, CA 92109 Sold July 2025 CRMLS
$4,250,000Sold July 2025

Listing Agent: Mike Aon (DRE #01300658) · Listing Office: Realty Executives Dillon · Contact: Mike@theaongroup.com · Bought with: Nichole Quiroz · NewTown Real Estate · MLS #PTP2504354 · Source: CRMLS

6,320
Building Sq Ft
10
Units
4.96%
Cap Rate
$173,435
NOI
1950
Year Built
R-3:RESTRICTED MULTIPLE
Zoning
Commercial property
Type

About this commercial property

Incredible opportunity to own a 10-unit multifamily property in the heart of Pacific Beach (92109), one of San Diego’s most sought-after coastal communities. Just blocks from the ocean, this walkable location boasts a Walk Score® of 88 and provides easy access to Garnet Avenue, shops, restaurants, nightlife, and public transit. This Pacific Beach, prime location multi-unit property consists of ten 1-bedroom units with development potential to convert several units into 2-bedroom layouts (buyer to verify). Situated on a 7,876 SF R-3 zoned lot (0.18 acres), the site also offers long-term redevelopment upside. Additional features include 10 surface parking spaces, strong in-place income, and significant value-add potential through interior renovations and rent optimization. With limited inventory in the area and high tenant demand, this is a rare investment opportunity with room to grow in both cash flow and equity. See attached Memorandum in Documents.

Listing description from the July 2025 sale, as reported to CRMLS.

Sale history

$4,250,000
Sold July 2025 · listed $4,000,000, on market May 2025 · MLS #PTP2504354 · Source: CRMLS
Listing Agent: Mike Aon · Listing Office: Realty Executives Dillon · Contact: Mike@theaongroup.com · Bought with: Nichole Quiroz · NewTown Real Estate
$4,250,000
Sold July 2025 · listed $4,000,000, on market May 2025 · MLS #PTP2504299 · Source: CRMLS
Listing Agent: Mike Aon · Listing Office: Realty Executives Dillon · Contact: Mike@theaongroup.com · Bought with: Nichole Quiroz · NewTown Real Estate
See homes for sale in San Diego Open the Nalren App

Explore San Diego