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1165 Felspar St.San Diego, CA 92109

For Sale

$3,150,000

Smart Buyer Rebate $31,500

PRIME REDEVELOPMENT OPPORTUNITY IN PACIFIC BEACH! Don’t miss this rare opportunity to own two 4-unit residential complexes in the heart of Pacific Beach. Ideally located on the corner of Felspar & Everts St., this property sits in a highly desirable neighborhood with strong rental demand and abundant local amenities; making it an excellent redevelopment opportunity! Just one block from PB’s vibrant main strip on Garnet Ave. and only a few short blocks from the beach. Prime location close to popular restaurants, shops, nightlife, and coastal attractions, including Crystal Pier, Sail Bay, Mission Beach, and Belmont Park. This location provides easy access to some of San Diego’s most desirable destinations. Property Details: *Two Parcels Sold Together* Total Lot Size Approx.: 6,696 sq. ft. Parcel 1 (1165-1171): Three 2-bedroom, 1-bathroom ground-floor units (~760 sq. ft. each) One upstairs 2-bedroom, 2-bathroom unit (~932 sq. ft.) Four garages and shared laundry room Parcel 2 (1173-1179): Three 2-bedroom, 1-bathroom ground-floor units (~760 sq. ft. each) One upstairs 3-bedroom, 2-bathroom unit (~932 sq. ft.) Four garages and shared laundry room

Listed by Justin Hoech

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License #01926592

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Shore Management Inc

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619-818-0364

Last updated February 25, 2026

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Source: CRMLS #260004397SD

Listing Facts

  • TypeMulti-family
  • NeighborhoodPacific Beach
  • Days on Prevu19

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

02/25/2026
Listed by Shore Management Inc
$3,150,000

Property Details for 1165 Felspar St.

Exterior

Construction

  • Number Of Units Total: 4
  • Roof: Composition
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1953

Measurements

  • Lot Size Source: Public Records

Financial

Residential Income

  • Cap Rate: 2.87

Taxes

  • Parcel Number: 4156232100

Interior

Features

  • Appliances: Gas Water Heater
  • Spa: Yes

Other

Location

  • Subdivision Name: Pacific Beach

Utilities

Equipment

  • Heating: Natural Gas
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1165 Felspar St..

How does 1165 Felspar St. compare to other multi-family homes in Pacific Beach?

This multi-family home is listed 44% above the average price for multi-family homes in Pacific Beach and has been on the market for 25 less days than the typical home in this area.

1165 Felspar St. is a -bedroom multi-family home for sale in San Diego CA 92109. Listed on Prevu for 19 days at $3,150,000. This property is located in Pacific Beach. The median listing price for multi-family homes in this area is $1,190,000. The home offers parking. Explore more multi-family home listings in San Diego.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.