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$ 6,750,000
Est. payment /mo
New
1476 80 Pescadero Drive San Diego, CA 92107
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Ocean Beach
MLS Listing ID 250044862SD
HOA Y/N No
Year Built 1958
Property Description
Rare true oceanfront income property in Sunset Cliffs with sweeping ~280° sit-down ocean views, exceptional privacy, and beautifully renovated, turn-key interiors. Includes four upgraded 2BR residences plus two well-finished bonus studio units, offering excellent flexibility and income potential. Renovations from 2020–2025 include quartz counters, stainless appliances, LVP flooring, updated baths, dual-pane windows, and cohesive coastal-modern finishes. Three residences perform strongly as VRBO short-term rentals, while the remaining units are month-to-month long-term rentals with significant upside. Additional highlights: rare 4-car garage, new garage doors, new staircases, and multiple ocean-facing decks/patios. The property has been operated with a blend of successful vacation rentals and stable long-term tenants, creating a flexible income profile adaptable to a variety of ownership strategies. The vacation rental component has been managed exclusively through VRBO with strong guest demand and reviews, consistent occupancy, and repeat travelers, providing room for growth through platform expansion or rate optimization. Long-term residents remain on month-to-month status, allowing for gradual repositioning over time as desired. Several spaces offer private outdoor areas and elevated ocean exposure that contribute to premium rental appeal. Recent interior and exterior improvements support low-maintenance operation and reduce near-term capital needs, while the site's direct oceanfront placement provides one of the most desirable view orientations in Sunset Cliffs. This combination of location, operational flexibility, and modern upgrades positions this property as a turn-key coastal investment.
Location
State CA
County San Diego
Area 92107 - Ocean Beach
Building/Complex Name Pescadero Drive
Zoning R-4
Interior
Heating Forced Air, Natural Gas, See Remarks
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Pool None
View Y/N Yes
View Ocean, Panoramic
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4482420300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Dawn Leahy Pacific Sotheby's Int'l Realty