
San Diego, California 92109
This property presents a High-Potential Investment Opportunity with a List Price of $2,350,000—positioned above the $2,140,081 Fair Market Value. While priced for its development upside, the asset features a 2025 Remodel and generates $8,500/month in rental income. With Shovel-Ready Plans for four additional ADUs, this site offers a clear path to a five-unit coastal complex. Located near Bird Rock Elementary (10/10), this is a strategic acquisition for Buy-and-Hold Investors or Developers seeking to maximize density in a supply-constrained market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1303 Missouri St Subject 5 bd · 2 ba · 1,200 sqft · $1,743 | $2,200,000* List Price | 5 | 2 | 1,200 | $1,743 | - |
A 1343 Emerald St Sold 3 bd · 3 ba · 1,350 sqft · $1,518 · 0.1 mi | $2,049,000 | 3 | 3 | 1,350 | $1,518 | 0.1 mi |
B 1335 Loring Street Sold 3 bd · 2 ba · 1,584 sqft · $1,490 · 0.3 mi | $2,360,000 | 3 | 2 | 1,584 | $1,490 | 0.3 mi |
C 1020 Archer St Sold 3 bd · 2 ba · 1,587 sqft · $1,606 · 0.8 mi | $2,549,000 | 3 | 2 | 1,587 | $1,606 | 0.8 mi |
D 1529 Beryl St Active 3 bd · 2 ba · 1,200 sqft · $1,583 · 0.3 mi | $1,899,000 List Price | 3 | 2 | 1,200 | $1,583 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1947, the listing specifies a 2025 brand new remodel on the existing residence, meeting the criteria for a renovation under 5 years old. The high rental income of $8,500/month further indicates the property is in mint, move-in ready condition with updated systems.
Elementary School: Bird Rock Elementary School (10/10).
The property comes with shovel-ready, city-stamped plans to add four ADUs, transforming the site into a high-density five-unit complex in a supply-constrained coastal market.
Currently generating $8,500 per month in rental income from a 2025 remodeled residence, providing investors with significant carry income during the development phase.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6251, other record lot size in square feet = 6200. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1200, other record living area = 1052. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The provision of only two tandem parking spaces for a proposed five-unit residential complex is a notable deficiency that may impact tenant desirability in a high-density beach neighborhood.
Beyond the $2.35M acquisition cost, the buyer must secure substantial additional funding to execute the 2,400 square feet of new construction required to realize the property's full value.
Income today, development potential tomorrow in North Pacific Beach. 1303 Missouri St features an existing single family residence generating $8,500 per month in rental income, plus shovel ready plans delivered stamped by city opon COE. Seller will consider offers between $2,000,000 and $2,350,000. The proposed ADUs include one 1-bedroom/1-bath, one studio/1-bath, and two 2-bedroom/1-bath units, totaling approximately 2,400 square feet of new residential space making this a 5 unit upon completion. Private patios and balconies, 2 tandem parking spaces, in-unit laundry and a 2025 brand new remodel on the existing residence. Retain the existing home and create a five-unit coastal rental property. Pacific Beach’s limited new housing supply adds to the appeal. With limited units coming online recently and the longstanding 30-foot height framework many investors are seeking for recession proof rents in Pacific Beach. Not to mention the scarce available land contribute with pacific ocean, high way 5 and the other significant barriers to new construction in the coastal overlay zone. Conveniently located near beaches, dining, shopping, and recreation, this property combines existing income with a defined expansion plan in one of San Diego’s most sought-after coastal neighborhoods. Buyer to verify rents, permit status, paid fees, development requirements, and construction timeline. Images are architectural renderings depicting proposed improvements that have not yet been constructed. Renderings are for illustrative purposes only.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,200 | 1,752.269 |
| Lot Size | 6,251 | 6,446.159 |
| Price | $2.20M | $1.27M |
| Price per sq ft | $1.8K | $736 |
| Built year | 1947 | 1971 |
| HOA | $0 | $186 |
| Days on market | 24 | 41 |
Oct 16, 2026
$2,200,000
$2,350,000
-6% Price Drop
Initial Listing
Oct 1, 2026
$2,350,000
Initial Listing
Feb 3, 2025
$1,800,000
Public Record
Oct 23, 2003
$580,000
Public Record
Jul 29, 2003
$580,000
Public Record