$7,000,000

1476-80 Pescadero Dr San Diego, CA 92107

Ocean Beach Neighborhood

Estimated payment $45,660/month

Total Views 8,977
8 Beds
4 Baths
3,700 Sq Ft
$1,892 Price per Sq Ft

Highlights

  • Beach Front
  • Community Beach Access
  • Corner Lot
  • Sunset View Elementary School Rated A
  • Ocean View
  • Community Barbecue Grill

About This Home

Oceanfront income property in Sunset Cliffs with sweeping views, a rare 4-car garage, and beautifully renovated rental units—offering an exceptional blend of location, flexibility, and lifestyle. Renovations were completed as recently as January 2025, and the entire property has been thoughtfully upgraded between 2020–2025 with new kitchens, baths, windows, and high-end finishes throughout. The front ocean-facing units enjoy private outdoor areas and unobstructed coastal views—one short-term rental was booked 317 nights over the past year. Two rear studios (bonus) are currently operated as long-term rentals. 2024 gross rental income totaled $445K with operating expenses of just $62K. Located just steps from Sunset Cliffs Natural Park, the beach, and neighborhood cafes. A rare opportunity to own a fully renovated oceanfront income property with strong financials and irreplaceable coastal frontage.

Listing Agent

Dawn Leahy

Pacific Sotheby's Int'l Realty License #01292805 Listed on: 04/30/2025

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,382 Sq Ft Lot
  • Beach Front
  • Property is Fully Fenced
  • Corner Lot
  • Level Lot

Property Views

  • Ocean
  • Panoramic
  • City

Home Design

  • Vinyl Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Wired For Data

Location

  • West of 5 Freeway

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 448-242-03-00

Community Details

Overview

  • 4 Units
  • Pescadero Drive Community

Recreation

  • Community Beach Access

Additional Features

  • Community Barbecue Grill
  • Net Operating Income $383,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Pescadero Avenue
  • Neighborhood: Sunset Cliffs
  • Miscellaneous: Outbuilding, Value in Land
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 1958
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Vinyl
  • Fencing: Full
  • Frontage: Ocean/Bluff, Ocean/Sand
  • View: City, Ocean, Panoramic, Panoramic Ocean

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial), Wired High Speed Internet
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: Pescadero Drive
  • Community: OCEAN BEACH
  • Complex Features: BBQ, Beach Rights
  • Manager Name: Dawn Leahy
  • Manager Phone: 619-992-4413

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Corner Lot, Public Street, Street Paved, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-4
  • Assessor Parcel Number: 448-242-03-00
  • Estimated Lot Sq Ft: 5382
  • Estimated Number of Acres: 0.12
  • Map Code Column: H
  • Map Code Page: 1267
  • Map Code Row: 7

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 383000
  • Annual Expense Actual: 63000
  • Gross Rent Multiplier Actual: 15.72
  • Gross Sched Income Actual: 445100
  • Gross Sched Income Projected: 400000
  • Number Of Buildings: 1
  • Number Of Furnished Units: 3
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 2
  • Other Income Actual: 383000

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 For Sale $7,000,000 -- $1,892 / Sq Ft
Source: San Diego MLS

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Source: San Diego MLS

MLS Number: 250026011

San Diego MLS

California San Diego County San Diego 92107 Ocean Beach

1476-80 Pescadero Dr, San Diego, CA

This home is located at 1476-80 Pescadero Dr, San Diego, CA 92107 and is currently priced at $7,000,000, approximately $1,891 per square foot. This property was built in 1958. 1476-80 Pescadero Dr is a home located in San Diego County with nearby schools including Sunset View Elementary School, Richard Henry Dana Middle School, and Correia Middle School.

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Nearby Homes
Dawn Leahy
Listing Agent
Dawn Leahy
Section Image
Pacific Sotheby's Int'l Realty
(619) 992-4413