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818-820 San Luis Rey Place, San Diego, CA 92109

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For Sale

$1,795,000

4 beds • 3 baths • 1,694 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $1,059.62
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Exceptional two unit opportunity in one of the most desirable pockets of South Mission Beach. Set on a quiet street just a few homes from Mission Bay and 2 blocks from the majestic Pacific, this property offers a rare combination of versatility and potential. The existing 1,694 sf duplex includes a 3-bed, 2-bath main residence with an attached 2-car garage, plus an attached 1-bedroom, 1-bath upper unit with its own entrance, deck, and additional off-street parking space. The upper unit is currently open to the main residence but can be easily closed for separate occupants. The 2,400 sf lot is zoned R-2, allowing two units per parcel and providing options to renovate or redevelop to optimize value as either a duplex or larger single family residence. Current zoning may support new construction totaling over 2,600sf of combined living area. In 2018, plans were commissioned to construct a stunning 3 story duplex with rooftop view deck. Now expired but potential to reopen. Located near the tranquil bayside of the peninsula and within easy walking distance of the beach, parks, and local amenities, this property sits in one of Mission Beach's most coveted and quiet enclaves. For developers or end users alike, the offering represents a rare chance to secure a legacy-level holding-particularly given the adjacent property (814-816 San Luis Rey) is also available, enabling a combined project of extraordinary scale and potential. First time on the market in over 50 years - do not miss this opportunity to make your own mark in this cherished beach community.
MLS# 250041603

Courtesy Of Compass

(858) 375-7394

Property Features

  • Age
    Over 50 Years Old
  • Heating System
    Forced Air

Map and Directions

Directions to 818-820 San Luis Rey Place, San Diego, CA 92109

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.