5111 Mission Blvd

San Diego CA 92109

1565 sq. ft.

7222 sq. ft.

Multi-Family

Last sold for $2,500,000

Steve Springer, last sold this property on 17 April 2026 after 37 days on market.

Overview

Rarely does a North Pacific Beach property present this level of flexibility, income, and long-term upside. Situated on an oversized 7,221 sq ft lot just 0.2 miles (a 5-minute walk) from the beach, this two-unit property is a compelling opportunity for investors, second-home buyers, and developers alike. The existing improvements include two 2-bedroom, 1-bath units, each with its own private outdoor space and one-car garage. Both units are lightly updated, featuring refreshed flooring, and are currently operated as proven short-term rentals. Ocean views are already captured from one unit, with the potential to enhance views through future development. Zoned RM-2-5 and located within the Complete Communities Housing Solutions (CCHS) area, the property unlocks a wide range of redevelopment pathways. Options include converting the garages into two studio ADUs, reconfiguring or expanding to four standard units, developing five condominiums, or pursuing a higher-density project of up to 14 units (subject to buyer verification and entitlements). A 30-foot height limit and 2.5 FAR further support the site’s development potential. Located within the La Jolla school boundaries and surrounded by primarily residential uses, this is a rare chance to acquire a high-performing coastal asset with meaningful current income and exceptional future optionality — just moments from the sand. Rarely does a North Pacific Beach property present this level of flexibility, income, and long-term upside. Situated on an oversized 7,221 sq ft lot just 0.2 miles (a 5-minute walk) from the beach, this two-unit property is a compelling opportunity for investors, second-home buyers, and developers alike. The existing improvements include two 2-bedroom, 1-bath units, each with its own private outdoor space and one-car garage. Both units are lightly updated, featuring refreshed flooring, and are currently operated as proven short-term rentals with strong performance. Ocean views are already captured from one unit, with the potential to enhance views through future development. Zoned RM-2-5 and located within the Complete Communities Housing Solutions (CCHS) area, the property unlocks a wide range of redevelopment pathways. Options include converting the garages into two studio ADUs, reconfiguring or expanding to four standard units, developing five condominiums, or pursuing a higher-density project of up to 14 units (subject to buyer verification and entitlements). A 30-foot height limit and 2.5 FAR further support the site’s development potential. Located within the La Jolla school boundaries and surrounded by primarily residential uses, this is a rare chance to acquire a high-performing coastal asset with meaningful current income and exceptional future optionality — just moments from the sand.

Features

4 bedrooms

2 bathrooms

1565 sq. ft. floor area

7222 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 4 bedroom multi families sold in San Diego over the last 12 months, the estimated median property value of 5111 Mission Blvd is $2.31m.

Median value

$2.31m

Estimated value range

$1.44m - $4.25m

Median days on market

Estimated value trend

23%

increase over the last 12 months

Average days on market is based on recent, comparable sales in San Diego. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5111 Mission Blvd

2026

Sold

$2,500,000

17 Apr 2026 by Steve Springer, of Compass

2019

Sold

$1,200,000

11 Jan 2019 by Vicente Enriquez, of Keller Williams SanDiego Metro

Happy sellers in San Diego

We have insufficient information to provide an overview of customer satisfaction for San Diego. Viewing the agent profiles, reviews and sales for San Diego can provide insights for this location.