A rare opportunity to own an amazing multifamily investment property in beautiful Point Loma, one of the most sought-after areas in San Diego. This never-before-listed gem, custom-built in 1992 on a corner lot, speaks to comfort and functionality. Each of the four units consist of two bedrooms and two full bathrooms, with one of the bathrooms being a primary en suite. Residents will enjoy the convenience of an indoor washer and dryer, a cozy gas fireplace, a wet bar, a private balcony, ample closet space throughout, and an abundance of natural light streaming through the expansive windows and skylights. They are all a generous 1,055 square feet and the top two units have vaulted ceilings which provide an even more spacious feel. An ideal and invaluable feature of this property is its gated subterranean garage with a parking spot and additional storage closet for each unit. The property’s driveway also allows for tandem parking and leads to a small communal area featuring a brick BBQ. An added perk? Each of the four units is equipped with its own water meter, ensuring autonomy and efficiency. Located just blocks from tranquil Shelter Island and only minutes from an array of shopping, dining, schools, and local attractions, this property offers a unique chance to own a prime piece of real estate in one of San Diego’s highly desirable locales. Don’t let it pass you by!A rare opportunity to own an amazing multifamily investment property in beautiful Point Loma, one of the most sought-after areas in San Diego. This never-before-listed gem, custom-built in 1992 on a corner lot, speaks to comfort and functionality. Each of the four units consist of two bedrooms and two full bathrooms, with one of the bathrooms being a primary en suite. Residents will enjoy the convenience of an indoor washer and dryer, a cozy gas fireplace, a wet bar, a private balcony, ample closet space throughout, and an abundance of natural light streaming through the expansive windows and skylights. They are all a generous 1,055 square feet and the top two units have vaulted ceilings which provide an even more spacious feel. An ideal and invaluable feature of this property is its gated subterranean garage with a parking spot and additional storage closet for each unit. The property’s driveway also allows for tandem parking and leads to a small communal area featuring a brick BBQ. An added perk? Each of the four units is equipped with its own water meter, ensuring autonomy and efficiency. Located just blocks from tranquil Shelter Island and only minutes from an array of shopping, dining, schools, and local attractions, this property offers a unique chance to own a prime piece of real estate in one of San Diego’s highly desirable locales. Don’t let it pass you by!
Pending
$3,100,000
1268-74 Locust St, San Diego, CA 92106
8beds
4,220sqft
Est.:
Res Income 2-4 Units
Built in 1992
-- sqft lot
$-- Zestimate®
$735/sqft
$-- HOA
What's special
Cozy gas fireplacePrivate balconyBrick bbqPrimary en suiteCorner lotIndoor washer and dryerWet bar
- 533 days
- on Zillow |
- 53 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: March 26, 2025 at 02:23pm
Listed by:
Karine R Izidoro 01941146 4,
Keller Williams San Diego Metro
Source: SDMLS,MLS#: 230022316

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Fireplace(s), Forced Air, Natural Gas
Appliances
- Included: Gas Water Heater, Dishwasher, Range/Oven, Refrigerator, Dryer, Washer
- Laundry: Unit 1 Laundry Hookup, Unit 2 Laundry Hookup, Unit 3 Laundry Hookup, Unit 4 Laundry Hookup
Features
- Cable (coaxial)
- Has fireplace: Yes
Interior area
- Total structure area: 4,220
- Total interior livable area: 4,220 sqft
Video & virtual tour
Property
Parking
- Total spaces: 8
- Parking features: Garage(Gated, Underground), Non-Garage(Tandem)
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Patio & porch: # of Units w/Patios: 4
- Fencing: Partial
Lot
- Size: 5,327 Square Feet
- Features: Corner Lot, West of I-5
- Topography: Level
Details
- Parcel number: 5313140700
- Zoning: R-4
- Other equipment: Satellite Dish
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Res Income 2-4 Units
Materials
- Wood/Stucco
- Roof: Tile
Condition
- Year built: 1992
Utilities & green energy
- Water: Meter on Property, Other/Remarks
- Utilities for property: Sewer Connected
Community & HOA
Community
- Features: BBQ
- Subdivision: Roseville
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $735/sqft
- Tax assessed value: $1,118,558
- Annual tax amount: $13,784
- Date on market: 11/13/2023
- Listing agreement: Exclusive Right (R)
- Listing terms: Cash,Conventional,1031 Exchange
- Total actual rent: 10776
- Tenant pays: Sewer, Water, Cable TV, Electricity, Hot Water
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