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Listed price in listed location currency (USD).
$2,749,000

000

MLS® 260005460SD

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes 
Days Active 1
Approx. Age 1948
MLS® Number 260005460SD

Property Address: 5111 Mission Blvd, San Diego, CA, 92109-1016

Average square foot calculated using Size range provided by listing agent.

Description

Rarely does a North Pacific Beach property present this level of flexibility, income, and long-term upside. Situated on an oversized 7, 221 sq ft lot just 0.2 miles (a 5-minute walk) from the beach, this two-unit property is a compelling opportunity for investors, second-home buyers, and developers alike. The existing improvements include two 2-bedroom, 1-bath units, each with its own private outdoor space and one-car garage. Both units are lightly updated, featuring refreshed flooring, and are currently operated as proven short-term rentals. Ocean views are already captured from one unit, with the potential to enhance views through future development. Zoned RM-2-5 and located within the Complete Communities Housing Solutions (CCHS) area, the property unlocks a wide range of redevelopment pathways. Options include converting the garages into two studio ADUs, reconfiguring or expanding to four standard units, developing five condominiums, or pursuing a higher-density project of up to 14 units (subject to buyer verification and entitlements). A 30-foot height limit and 2.5 FAR further support the site’s development potential. Located within the La Jolla school boundaries and surrounded by primarily residential uses, this is a rare chance to acquire a high-performing coastal asset with meaningful current income and exceptional future optionality — just moments from the sand. Rarely does a North Pacific Beach property present this level of flexibility, income, and long-term upside. Situated on an oversized 7, 221 sq ft lot just 0.2 miles (a 5-minute walk) from the beach, this two-unit property is a compelling opportunity for investors, second-home buyers, and developers alike. The existing improvements include two 2-bedroom, 1-bath units, each with its own private outdoor space and one-car garage. Both units are lightly updated, featuring refreshed flooring, and are currently operated as proven short-term rentals with strong performance. Ocean views are already captured from one unit, with the potential to enhance views through future development. Zoned RM-2-5 and located within the Complete Communities Housing Solutions (CCHS) area, the property unlocks a wide range of redevelopment pathways. Options include converting the garages into two studio ADUs, reconfiguring or expanding to four standard units, developing five condominiums, or pursuing a higher-density project of up to 14 units (subject to buyer verification and entitlements). A 30-foot height limit and 2.5 FAR further support the site’s development potential. Located within the La Jolla school boundaries and surrounded by primarily residential uses, this is a rare chance to acquire a high-performing coastal asset with meaningful current income and exceptional future optionality — just moments from the sand.
MLS® Number260005460SD
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1948
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 9, 2026List Date
$2,749,000List Price
  • Commute

Commute

Starting Address
Destination Address
5111 Mission Blvd, San Diego, CA

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