5111 Mission Blvd, San Diego, CA 92109
Local realty services provided by:ERA North Orange County Real Estate
Upcoming open houses
- Tue, Mar 1010:00 am - 12:00 pm
Listed by: steve springer
Office: compass
MLS#:260005460SD
Source:CRMLS
Price summary
- Price:$2,749,000
About this home
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.
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Home facts
- Year built:1948
- Listing ID #:260005460SD
- Added:1 day(s) ago
- Updated:March 09, 2026 at 08:25 PM
Heating and cooling
- Cooling:Zoned
- Heating:Electric, Zoned
Structure and exterior
- Roof:Composition
- Year built:1948
- Lot area:0.17 Acres
- Levels:1 Story
Finances and disclosures
- Price:$2,749,000
Features and amenities
- Appliances:Gas Water Heater
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