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2127-2131 1/2 Felspar , San Diego, CA 92109
$2,449,000
Est. Payment: $12,366.73/mo
8 Bed
5 Bath
3398 Sqft
Status: pending | Days on site: 11
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Chris Heller
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House Description

Rare North Pacific Beach Fourplex with Immediate Value-Add Opportunity! Address is 2127-2131 1/2 Felspar. Well-maintained and held as a long-term investment, this exceptional income property offers the ideal combination of strong in-place cash flow, low deferred maintenance, and significant upside potential. Featuring two separate duplexes with an attractive unit mix of two 2BR/1BA units, one 3BR/2BA unit, and one 1BR plus office, this property is perfectly positioned for both seasoned investors and 1031 exchange buyers. Zoned Rm-3. Two upcoming vacancies create an outstanding opportunity to renovate (if desired) and quickly capture market rents. One 2BR unit is vacant now, followed by the 3BR/2BA unit at the end of September, allowing a new owner to substantially increase income in the near term. An extensive list of repairs and upgrades is available, reflecting the pride of ownership and ongoing care invested in the property. Located in highly desirable North Pacific Beach, this quiet residential neighborhood consistently attracts quality tenants seeking a coastal lifestyle with everyday convenience. Just minutes from the beach, Mission Bay, shopping, restaurants, parks, and major employment centers, the property also enjoys close proximity to the local elementary school and easy freeway access.
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Highlights

Listed by Lenna C Doyle , 858-449-6560 and Rob Aumann , 858-752-8730 Compass , 858-277-3325. San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family
Lot/Acreage
0.14

Year Built

1956

County

San Diego

Area

Coastal South

 Neighborhood

Pacific Beach

Listing ID

260018256

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:8
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:5
Air Cond:N/K
Fireplaces:

Exterior Features

Zoning:RM-3
Roof:Composition
Principal Interest
$12,367
Taxes
$1,561

Home Price

$2,449,000

Loan Details

30 yrs
6.487%

Down Payment

20%
$489,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$12,366.73

Principal

Taxes

Principal Taxes HOA Total
Monthly $12,366.73 $1,561.24 $0.00 $13,927.97
Yearly $148,400.78 $18,734.85 $0.00 $167,135.63
Total $4,452,023.29 $562,045.50 $0.00 $5,014,068.79

Today's Rates

30 Year

6.49%

20 Year

6.28%

15 Year

5.8%

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Market insight data is pulled from the same city as the listing being viewed (San Diego, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-08-10T20:38:14.000Z

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