4088 Crown Point Drive

San Diego , CA 92109

MLS#: 230002968SD

$8,300,000

Status: Closed
Listing number: 230002968SD
Listing provided by: Marcus & Millichap
Listing agent phone: None
Last update: 2 years ago
On site: 2 years ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Sq.Footage

N/A

Rare Opportunity to acquire 20 Bay Front Apartment Units in the Crown Point section of Pacific Beach! Long Term Ownership has done an exceptional job in maintaining and improving the building over the years. Many recent Capital Improvements should ensure a property with little to no deferred maintenance. Great unit mix of mostly 2BR/2Bath units. Plenty of off-street parking spaces. Immediate Upside in income (Low Rents, Currently no Utility Reimbursement Program in Place, Tenants not paying for parking, etc.). Long term tenants. New Windows & Sliders, New Roof 2022, Multiple Units upgraded with new flooring, appliances, cabinets, etc. Seller may consider Financing a 1st or 2nd Note.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block, Stucco

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.2247

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $8,300,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

San Diego

Elementary School

Middle School

High School

Listing Courtesy of Thomas McCartin , Marcus & Millichap

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Rare Opportunity to acquire 20 Bay Front Apartment Units in the Crown Point section of Pacific Beach! Long Term Ownership has done an exceptional job in maintaining and improving the building over the years. Many recent Capital Improvements should ensure a property with little to no deferred maintenance. Great unit mix of mostly 2BR/2Bath units. Plenty of off-street parking spaces. Immediate Upside in income (Low Rents, Currently no Utility Reimbursement Program in Place, Tenants not paying for parking, etc.). Long term tenants. New Windows & Sliders, New Roof 2022, Multiple Units upgraded with new flooring, appliances, cabinets, etc. Seller may consider Financing a 1st or 2nd Note.

4088 Crown Point Drive

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

In San Diego real estate, there are properties that perform well, and then there are properties that transcend the market. 1941 Columbia Street is one of those rare opportunities. Set in the heart of Little Italy, this boutique 18-unit community is more than just an apartment building — it’s a modern architectural statement inspired by the narrow streets and courtyards of Venice. Completed in 2014, the property combines timeless design, walkable lifestyle, and lasting demand drivers that few assets can claim. Buildings like this simply do not trade often. With just 18 thoughtfully crafted residences, ranging from efficient studios to expansive penthouses, 1941 Columbia offers investors both stability and upside in San Diego’s most desirable rental submarket. We are proud to bring this unique offering to market — a property that is as rare as it is resilient.
#250043828SD

San Diego

1941 Columbia

None Beds

None Baths

N/A

$8,900,000

MLS#: 250043828SD

Exceptional 20-unit apartment building in a prime Pacific Beach location at 2125 Reed Ave, featuring all 1-bedroom, 1-bathroom units. This well-maintained property offers tremendous upside in rental income with strong value-add potential. Conveniently located near the beach, Mission Bay, shopping, and dining. An ideal opportunity for investors seeking to capitalize on one of San Diego’s most desirable rental markets.
#250041965SD

San Diego

2125 Reed Avenue

None Beds

None Baths

N/A

$7,800,000

MLS#: 250041965SD

Seller will Carry with $1,250,000 Downpayment...VALUE ADD, Legacy Property, 'Marlborough Arms' is a Unique Vintage Style 11 Unit Rental Community Located in Kensington Heights, One of the Most Vibrant Rental Districts in Metro San Diego. A Once in a Lifetime Opportunity to Acquire the Landmark Income Property Consisting of (SIX) 1 Bed 1 Bath Apartments AND (FIVE) 2 Bed 1 Bath Apartments PLUS ADD (9) Studios Currently Under the City PERMIT PROCESS, Current YEARLY Income is Approximately $308,300, PLUS A Common Area Laundry, Situated on a 98x135 Corner Lot with an Alley.
#250041680SD

San Diego

5050 Marlborough Dr. (-70)

None Beds

None Baths

N/A

$6,750,000

MLS#: 250041680SD

The Wilson Apartments represent a rare opportunity to acquire a prime development site in San Diego’s historic Cortez Hill District, one of Downtown’s most desirable residential neighborhoods. The offering consists of two parcels totaling 15,000 square feet at the top of Cortez Hill, located at 1560–1572 10th Avenue and 1561–1575 9th Avenue, San Diego, CA 92101. The existing improvements include five multifamily buildings constructed circa 1930, comprising 13 rental units with a total rentable square footage of 7,738. There are nine units across two apartment buildings on 9th Avenue (ten 1BR/1BA, one 2BR/1BA, and two studios/1BA), along with four units within three cottages along 10th Avenue, including one duplex cottage. The property also includes 12 parking spaces, with nine open stalls and three garages. These character-rich buildings generate immediate rental income and provide investors with flexibility — either to enhance the existing apartments as a value-add opportunity or to hold as a true covered land play while entitling and planning for future redevelopment. The property is zoned CCPD-R, which permits multifamily residential uses with a maximum FAR of 8.0. It is also located within the Complete Communities District, where FAR limits are effectively waived, further enhancing redevelopment potential. Recent trends in Uptown and Downtown San Diego have seen the razing of older improvements for high-rise apartment projects, reflecting strong demand for infill sites in this submarket.
#250040754SD

San Diego

1561 9th Ave

None Beds

None Baths

N/A

$7,125,000

MLS#: 250040754SD

Presenting The Richmond! Newly built 19-units (2025) in the heart of Hillcrest, featuring studios, 1BRs, and 2BRs averaging 597 SF, most with balconies. A recent rent comps survey indicates current rents are 20% below market, presenting an investor with the opportunity to unlock hidden value and achieve higher returns with minimal capital investment. The property is also exempt from AB 1482 rent caps through at least 2040, providing flexibility to capture market rent growth. Units include in-unit W/D, premium cabinetry, quartz counters, stainless steel appliances, triple-pane windows, and dishwashers in all but three units. Central HVAC ensures year-round comfort. Community features: secured subterranean parking (6 standard + 1 ADA), roof-mounted 17.3 kW solar. Built with wood-frame over podium construction, the property enjoys unmatched proximity to Balboa Park, UCSD Medical Center, Scripps Mercy, Downtown, and the airport. With strong demographics, high renter demand, and limited supply, The Richmond is a rare best-in-class asset in a prime San Diego location.
#250038838SD

San Diego

4015 Richmond St

None Beds

None Baths

N/A

$9,950,000

MLS#: 250038838SD

3034-50 Canon Street is located just blocks from La Playa and Shelter Island. The 3 structures totaling 12,410 square feet built in 1947 are situated on a 10,108 square foot lot. There are seventeen spacious 1 Bedroom / 1 Bathroom units and one commercial unit. The units have all been remodeled with plank flooring, horizontal window coverings, and new ceiling fans which complement the tile countertops and existing built ins. There is assumable financing at 3.95% fixed until March of 2027 with Chase Bank with a current balance of approximately $2.4M. Solar Panels were recently installed as well as new windows and tankless hot water heaters. There are two laundry rooms with leased equipment. There are back and central patio areas with bike storage. The property is in a central location across the street from Cabrillo Elementary School and a few blocks from Liberty Station. Point Loma is a scenic peninsula with panoramic views of the Pacific Ocean, San Diego Bay, Coronado Island and Downtown San Diego. The picturesque coastline and is known for its sunsets and has created a desirable living environment, attracting residents and tourists alike. This natural beauty enhances the value of properties in the area. Point Loma boasts a rich history and a vibrant community. The neighborhood is home to the renowned Cabrillo National Monument, which commemorates the landing of Juan Rodriguez Cabrillo in 1542, making it a popular tourist destination. The area is also known for its military presence, with Naval Base Point Loma.
#250038524SD

San Diego

3034 Canon Street

None Beds

None Baths

N/A

$6,900,000

MLS#: 250038524SD

We are pleased to present 3167 Landis Street, a fully renovated 16-unit multifamily community in the heart of North Park — one of San Diego’s most desirable rental markets. This gated property has been extensively upgraded down to the studs, featuring modern, high-end finishes, in-unit laundry, and ductless air conditioning in every apartment. Residents benefit from assigned parking, abundant off street spaces, and a spacious central common area that encourages outdoor living and community interaction. With strong local schools like Francis Parker, OLP, McKinley Elementary, and St. Augustine nearby, the property appeals to a wide range of tenants. Offering excellent curb appeal, a highly walkable location, and strong income potential, 3167 Landis Street presents a rare opportunity to acquire a turnkey asset in one of San Diego’s most established and vibrant urban neighborhoods.
#250036656SD

San Diego

3167 Landis St

None Beds

None Baths

N/A

$7,570,000

MLS#: 250036656SD

Price reduced
BACK ON MARKET!!! $400K PRICE REDUCTION!!! ***Excellent Investment Opportunity / 26 Unit Senior Building in North Park*** Sunshine Apartments offers 26 one-bedroom/one-bath units and 12 parking spaces. Residents enjoy convenient elevator access and close proximity to an array of shops and restaurants. The property is also a short drive to downtown and Balboa Park, and in walking distance to the iconic North Park Water Tower, North Park Community Park, and North Park Recreation Center. This is an exceptional investment opportunity in one of San Diego's most sought-after and rapidly developing neighborhoods.
#250025986SD

San Diego

4226 Utah St

None Beds

None Baths

N/A

$6,800,000

MLS#: 250025986SD

We are pleased to present 4665-4669 34th Street, a core multi-family investment opportunity in the highly desirable Normal Heights neighborhood. The fully turnkey and renovated property offers a stable, high-quality asset with strong market fundamentals. This multi-family property checks every box for a prime investment. Each unit includes dedicated parking and the property is fully secure/gated, ensuring security and convenience for all tenants. The majority of the units are 2 Bedroom layouts, providing a functional and attractive living space. Notably, due to the property consisting of two parcels, an on-site manager is not required, reducing the operational costs and maximizing efficiency. Beyond the property itself, the Normal Heights location is a key value driver. As one of San Diego's most desirable neighborhoods, the area offers proximity to nearby amenities, strong tenant demand, and a positive neighborhood reputation, all factors that contribute to long-term investment security. With a fully renovated asset in a prime location, 4665-4669 34th Street represents an excellent opportunity for investors seeking core multi-family acquisition with strong long-term upside. Please see attached OM for more details.
#250022880SD

San Diego

4665 34th Street

None Beds

None Baths

N/A

$7,725,000

MLS#: 250022880SD

Unparalleled investment opportunity at the gateway to San Diego State University's upcoming Mission Valley Campus. Capitalize on "complete communities" incentives that offer a generous FAR of 4.0 on this prime 51,389 SF site (2 parcels), allowing for approx. 200,000 SF of buildable residential space in a location on the brink of a renaissance. 1/4 mile from the forthcoming SDSU Mission Valley Campus & within the “special attention area” Trolley Station Design District under the Mission Valley Community Plan, this site offers future residents an oasis of urban living, complete w/ quality jobs, immediate access to unrivaled retail & entertainment, as well as green spaces & mobility infrastructure that encourage healthy outdoor living. The SDSU Mission Valley Campus plan includes a River Park with 80+ acres of recreation & open spaces, bike & pedestrian paths, bridges & plazas; an expansive 95,000-SF retail hub w/ shopping, dining & entertainment; 1.6 million SF of research & innovation space; hotel & conference space; & Snapdragon Stadium, a hotspot for world-class sports events & musical performances. The existing office building & 7-Eleven generate stable, near-market rents, offering a financial cushion during the permitting process. Please see the Offering Memorandum for more details & 2 pro formas of potential development scenarios. Don’t miss your chance to benefit from SDSU’s & the City’s major investments in the revitalization of an area with already high rental demand, which will only continue to rise. This is an asset to keep in the portfolio for generations to come!
#230018690SD

San Diego

10505 San Diego Mission Road

None Beds

None Baths

N/A

$7,500,000

MLS#: 230018690SD

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here