3918-3924 Gresham St

VERY RARE opportunity in an A+ location (1 of 49 parcels on Sail Bay, in Pacific Beach)! *original owner* 8-unit trophy property situated on a large 8,119 sq ft waterfront lot in Pacific Beach, San Diego. Unit mix is comprised of (6) spacious 1BR 1BA units, and (2) bay-front 2BR 1BA units with panoramic views of the bay. The 1957 building has been very well maintained. Most of the units are original, with some upgrades including flooring. All units are in great condition, however. Still plenty of room room for upgrades and value-add. Rents are slightly below market. Roof replaced 2013, and plumbing re-done. This is a Legacy property that presents an incredible buy and hold opportunity, with long term development potential. For those seeking a safe and lucrative place to park capital, you will not find a better property. Waterfront property in San Diego is incredibly limited and is always in demand.