09/24/2026
🏡 JUST LISTED IN PACIFIC BEACH | FIVE FULLY VACANT UNITS STEPS FROM MISSION BAY
1344-1348 La Palma Street offers a compelling combination of immediate rental upside and long-term development potential, all less than one block from Mission Bay and Fanuel Street Park.
PRICED AT $3,075,000.00
All five residences are being delivered vacant, giving the next owner complete flexibility to renovate, establish market rents, and coordinate lease-up without existing tenant restrictions.
PROPERTY HIGHLIGHTS:
✅ Detached front cottage plus four apartment residences
✅ Two parking spaces allocated to each unit
✅ Private patios and balconies
✅ Washer and dryer hookups
✅ Five separate gas and electric meters
✅ Newer roofs on both buildings
✅ Replaced sewer line and newer water heaters
✅ Recently repainted exterior
✅ Approximately 7,500-square-foot RM-2-5 lot
The property includes a flexible detached front cottage, two lower one-bedroom residences, and two upper two-bedroom residences with vaulted ceilings. Interior improvements vary by unit and include updated kitchens, newer flooring, granite countertops, upgraded bathrooms, newer windows, air conditioning, and additional storage.
Rental analysis estimates gross potential rent of approximately $16,000 to $17,400 per month in the current condition. Following a cohesive renovation, projected gross rent may reach approximately $18,400 to $19,900 per month, subject to final improvements, leasing conditions, and confirmation of the front cottage configuration.
The property also offers a separate development story. Preliminary analysis identifies a primary conceptual range of approximately 15 to 19 units, with a separate 24-unit compact study. No development program is approved, and buyers must independently verify all zoning, Coastal, affordability, parking, and entitlement requirements.
🎥 WATCH THE FULL PROPERTY VIDEO:
https://youtu.be/SqBpiujAqrY
📲 REQUEST THE PROPERTY PACKAGE, RENTAL ANALYSIS, OR DEVELOPMENT SUMMARY:
https://mikeandjessica.net
Contact the Wolf Real Estate Team today to schedule a private tour or discuss this Pacific Beach multifamily opportunity.
Michael Wolf, REALTOR® | DRE #01709065
Jessica Wolf, REALTOR® | DRE #01855679
Wolf Real Estate Team
Coldwell Banker West | DRE #01481919
📞 858-722-6847
📧 [email protected]
🌐 https://mikeandjessica.net
Award Winning Team of Michael & Jessica Wolf. For nearly a decade we’ve been blessed to help our clients buy, sell and invest in San Diego Real Estate.