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Tricia Mcmullan

tricia.mcmullan@redfin.com +1(626) 318-7433

$ 2,100,000

Est. payment -/mo

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Price Dropped by $100K

1303 Missouri St San Diego, CA 92109

5 Beds

2 Baths

1,200 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,200 sqft

Price per Sqft $1,750

Subdivision Pacific Beach

MLS Listing ID 260023942SD

Bedrooms 5

Full Baths 2

HOA Y/N No

Year Built 1947

Lot Size 6,250 Sqft

Property Sub-Type Single Family Residence

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. Seller will consider offers between $1,900,000 and $2,200,000. 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.

Location

State CA

County San Diego

Area 92109 - Pacific Beach

Zoning RS-1-7

Interior

Interior Features Open Floorplan, Bedroom on Main Level

Heating Electric, Heat Pump

Cooling Central Air, Electric

Fireplace No

Appliance Electric Water Heater, Refrigerator, Range Hood

Laundry Electric Dryer Hookup, Inside

Exterior

Parking Features Paved

Garage Spaces 1.0

Garage Description 1.0

Fence Wood

Pool None

Amenities Available Meeting/Banquet/Party Room

View Y/N No

Roof Type Shingle

Accessibility None

Porch Patio

Total Parking Spaces 4

Private Pool No

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Water Public

Architectural Style Contemporary, Modern

Level or Stories Two

New Construction Yes

Others

Senior Community No

Tax ID 4163820100

Acceptable Financing Cash

Listing Terms Cash

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Listed by Christopher Luna Backyard Brokerage Inc. #02082702