Sold

870 Diamond

Pacific Beach CA, 92109

$11,250,000


$641.14 per sqft

Sold

4 Beds

17,547 sqft

Commercial

Pleased to offer for sale, for the first time ever since its construction, 870 Diamond Street, a 22 unit apartment property located just 2 blocks from the beach in desirable Pacific Beach, within its coveted northwest quadrant. Attractive Seller Financing is offered with this sale. Built in 1972, held and meticulously maintained by the same family as its original architect and developer (Henry F. Bugenhagen) for over fifty years since, this is a very rare opportunity. The unit mix consists of: 13 x 1Br/1Ba units; 3 x 1Br/1.5Ba units; and 6 x 2Br/2Ba units, each with its own generously sized private patio or balcony, some with peek ocean views. There are twenty two (22) off-street parking spaces, six of which are covered. Many units have been updated with vinyl plank flooring in kitchens and bathrooms, newer cabinetry, quartz countertops, and newer white appliances (incl. dishwasher). The building is serviced by a central elevator, two stairwells, and there are multiple controlled access ground floor entry points. Each floor (3) has its own laundry room with owned equipment. Interior hallways have a fire monitoring system and fresh air duct system. Electricity for the building is separately metered, while gas is on a master meter that powers the central recirculating boiler and hot water tank.

240012492

MLS ID

June 3, 2024

Listed

August 23, 2024

Updated

Map

870 Diamond
Pacific Beach CA, 92109

Interior Features

Total Stories

3


Bedrooms

4


Appliances

Dishwasher, Range, Refrigerator


Laundry Description

Owned


Floor Description

Concrete, Vinyl, Other


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Radiant

Exterior/Building Features

Roof

Tar/Gravel

Other Property Details

Area Name

Coastal South


Days on Market

22


Garage

No


Parking

Carport, Spaces


Parking Total

22


View

No


County

San Diego


Pool

No


Zoning

RM-1-1

Listing History

Date

Event

Price

8/9/2024

Sold

$11,250,000

6/22/2024

Pending

Listed by Palma Commercial, Joseph A Burrough,
Listing Contact: 858-822-9222 

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