1476-80 Pescadero Drive

Unobstructed true oceanfront multifamily asset located in San Diego’s highly coveted Sunset Cliffs corridor. This turn-key coastal property features a blend of upgraded primary rental residences and additional well-finished studio spaces, offering multiple operational strategies and excellent revenue diversity (buyer to verify use). Three spaces currently operate as high-performing short-term rentals exclusively through VRBO, producing strong year-over-year income with consistent occupancy, repeat guest traffic, and opportunities for further optimization. The remaining rental spaces are month-to-month, providing immediate upside through repositioning or conversion.

Recent renovations completed between 2020–2025—including modern interior upgrades, updated kitchens and baths, dual-pane windows, LVP flooring, improved exterior elements, and new garage doors and staircases—reduce near-term capital expenditure needs and support efficient ownership. The property’s commanding ~280° oceanfront view orientation enhances rental demand and long-term asset value. A four-car garage offers rare onsite parking in a coastal zone with limited availability.

With its combination of stable cash flow, flexible rental configuration, extensive renovations, and irreplaceable oceanfront frontage, this asset represents a high-quality investment opportunity in one of Southern California’s most supply-constrained and desirable multifamily submarkets.