Prime Mission Beach Duplex
720 Redondo Court San Diego CA 92109
List Price
Price Per Unit
1.16 %
Cap Rate
Investment Overview

South Coast Commercial, Inc. is pleased to present the opportunity to purchase 2 units one parcel from the boardwalk in the heart of Mission Beach, California. This property is located on a corner lot on Redondo Court and Strandway in the northern part of Mission Beach. The property consists of 2 units across 3 stories on a 2,490 square foot lot, with building square footage totaling 2,110. The first floor of the building contains a 2BD/1BA 800 square foot unit with heated flooring along with a spacious living , dining, and kitchen area. On the east side of the building on the ground floor there is a laundry room, gated patio, and outdoor shower that is shared by both units. Within the outdoor patio area there are stairs that lead up to the owner's unit which consists of 3 Bedrooms, 3 bathrooms across approximately 1,300 square feet and two stories. The owner's unit is on top of the 2BD/1BA unit, and it has a great balcony with peak Ocean views. 2 parking spaces are dedicated to the owner's unit, and 1 parking space is dedicated to the 2BD/1BA. This property is perfect for vacation rentals, long term rentals, an owner occupant, or a combination of all the above. Current income is low because the owner's unit has been owner occupied for many years, but the income comes from a combination of vacation rentals in the summer and student rentals the rest of the year for the 2BD/1BA unit. All of the property has been extensively renovated and meticulously maintained over the past 20+ years of ownership. Come get your piece of beautiful Mission Beach!

Location Overview

Mission Beach is a community built on a sandbar between the Pacific Ocean and Mission Bay. It is part of the city of San Diego, California. Mission Beach spans nearly two miles of ocean front. It is bounded by the San Diego River estuary on the south, Mission Bay Park on the east, and the community of Pacific Beach on the north. A boardwalk runs along the beaches on both the ocean and bay sides of the community. The main artery through Mission Beach is Mission Boulevard. The community is divided into South Mission, a peninsula, and North Mission. At the south end of the beach a jetty, with grass, parking and a walk, extends into the ocean. Many residential structures in Mission Beach were built in the 1930s and '40s as summer cottages and some date as early as the 1920s. The rare airplane bungalow on Manhattan Court[1] was built in 1924. Because of problems to work out with developing on sand, Mission Beach developed later than the neighboring communities of Ocean Beach to the south and Pacific Beach to the north. As a result of a new official subdivision in 1914, encouraged by land sales in those next-door communities and a new wooden bridge linking Mission Beach with Ocean Beach, John D. Spreckels offered small lots for sale. As a result, Mission Beach is the most densely developed residential community in San Diego with a land use designation across the majority of its land area of 36 dwelling units per acre. It also has the smallest lots in the city, ranging from 1,250 square feet to 2,400 square feet. Few have been consolidated to form larger lots. Many of the structures within the community have been redeveloped into two-story homes.


Kevin Hemstreet
Senior Vice President/Principal
License # BRE# 01490629