Listing Agent: Christopher Luna      Broker/Office: Backyard Brokerage Inc.
1303 Missouri St San Diego CA 92109
$ 2,350,000
  5   |    2   |    1200 Sq Feet

Listing ID

#260023942SD

Status

Active

Property Type

Single Family Residence

Property Style

Contemporary

County

San Diego

Neighborhood

Pacific Beach

Year Built

1947

Days on website

2

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. An opportunity for a buyer to pursue construction financing at acquisition. 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.
Location
Financial Information
List Price:  $ 2350000
Property Features
Appliances:  Refrigerator
Construction Materials:  Stucco
Cooling:  Electric
Fencing:  Wood
Heating:  Electric
Laundry Features:  Inside
Levels:  Two
Parking Features:  Paved
Patio And Porch Features:  Patio
Roof:  Shingle
Senior Community YN:  false
Water Source:  Public
MLS Area Major:  92109 - Pacific Beach
City:  San Diego
Senior Community YN:  false
Listed By:   Christopher Luna   Backyard Brokerage Inc. 
CA Lic#