2635-39 Magnolia Ave, San Diego, CA 92109

Local realty services provided by:ERA North Orange County Real Estate
2635-39 Magnolia Ave,San Diego, CA 92109
$2,390,000
Virtual Tour
  • 8 Beds
  • 5 Baths
  • 3,525 sq. ft.
  • Multi-family
  • Active
Listed by:conor m brennan
Office:marcus & millichap
MLS#:250024514
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,390,000
  • Price per sq. ft.:$678.01

About this home

5.01% CAP RATE; THE HIGHEST MULTIFAMILY CAP RATE IN PB. We are pleased to present 2635-39 Magnolia Avenue, a fully renovated 5-unit complex in the highly popular Pacific Beach neighborhood of San Diego, CA. Resting near the end of a quiet col-de-sac, Magnolia features a desirable mix of four 2-bedroom /1-bath units and a single studio unit (affordable; 110% AMI). Of the four 2-bedrooms which range from 733 square feet to 750 square feet, one is a 2-story townhome. The studio is approximately 350 square feet. Units include their own in-unit washer/dryers, new vinyl plank flooring, wall-heaters, stainless steel appliances, new ceiling fans, refurbished and new cabinetry along with new kitchens and bathrooms. The complex was built in 1960 and totally restored with additional ADUs added in 2023-2024. The lot is approximately 6,185 square feet zoned RM-3-8 (1du per 800sf) with 3,525 square feet of improvements and four tandem parking spaces.

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Home facts

  • Listing ID #:250024514
  • Added:172 day(s) ago
  • Updated:October 05, 2025 at 01:53 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:5
  • Living area:3,525 sq. ft.

Heating and cooling

  • Cooling:Wall/Window
  • Heating:Wall

Structure and exterior

  • Roof:Composition
  • Building area:3,525 sq. ft.

Finances and disclosures

  • Price:$2,390,000
  • Price per sq. ft.:$678.01
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