Sold

1350-54 La Palma St

Pacific Beach CA, 92109

$2,900,000


$1,115.38 per sqft

Sold

6 Beds

4 Baths

2,600 sqft

Multi-family

Built in 1955

The La Palma Street Property is a Fabulous Beach & Bay Triplex (Home Plus a Duplex)!! A Rare Oversized South Facing Property in a Fantastic Location. Steps to Famous Sail Bay in Pacific Beach, Mission Bay Boardwalk and Fanuel Street Park. There's potential to Expand the Existing Detached Home or Build a Brand New 4-unit Development based upon our Architectural Renderings! Whether you are looking for an exceptional place to call home with rental income, an investment or development opportunity this is the property for you! The La Palma Property has a larger and deeper lot (currently zoned for 2-5 units). In front, there's a charming single level 2-bedroom beach bungalow home with a grassy front and backyard, hardwood floors, and an attached oversized private laundry room, with walk-in closet, extra storage. The home provides the perfect ability for an owner-occupant to enjoy the property as is, enhance the design or expand the square footage to create your own Dream Home while receiving rental income from the back separate duplex building. The duplex has a lower 2-bedroom unit & an upper 2-bedroom unit. Both units have 1-1/2 bathrooms. There's a shared private backyard space, and a laundry storage room. All 3 units are rented, light and bright, in great condition, The featured renderings show a Modern Fourplex Development to maximize the use with potential for divided individual condo ownership. Each designed unit has 3 bedrooms, 2 bathrooms, a private 2-car garage with direct access into unit, and spacious roof top deck for amazing western sunset views.

220016830

MLS ID

June 30, 2022

Listed

February 10, 2024

Updated

Map

1350-54 La Palma St
Pacific Beach CA, 92109

Interior Features

Bedrooms

6 Beds


Bathrooms

4 Baths


Appliances

Gas Water Heater, Range/Oven, Refrigerator, Dryer, Washer


Laundry Description

Unit 1 Hookups


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Natural Gas, Wall/Gravity

Exterior/Building Features

Lot Size

0.17 Acres


Lot Features

West of I-5


Roof

Composition

Other Property Details

Area Name

Coastal South


Days on Market

19


Garage

No


Parking

Non-Garage(Uncovered)


View

No


County

San Diego


Water Source

Meter on Property


Pool

No


Pool Features

None


Zoning

R-4:MULTIP


Buyer Agency Compensation

2.5%

Listed by Epic Real Estate and Mgmt, Inc, Roy Wannamaker,
Listing Contact: 760-550-8160 

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