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930 Felspar St, San Diego, CA, 92109

--beds
0baths
12,000sqft
$11,995,000
$1,000price/sqft
$71,001/moest. monthly cost
$2,840,040/yrincome needed

About This Home

A twenty-four (24) unit property located just off the coast of Pacific Beach, San Diego. The property is situated on a 14,077 square foot lot and is comprised of eight (8) studio units and sixteen (16) one bedroom/one-bath units. The property was recently remodeled inside and out with luxury finishes and a modern design. All units have been upgraded with new cabinets, quartz countertops, vinyl plank flooring, stainless appliances, and lighting fixtures. The property’s landscaping, windows, and common areas have also been upgraded. Pacific Beach is one of the best multifamily investment neighborhoods in San Diego. Additionally, this property is has a walk score of 93. Residents enjoy being just a few blocks from the Pacific Ocean and close to Garnet and Grand Ave, allowing residents to enjoy both the beach and local shops and restaurants all within just a short walk. This property is an opportunity for an investor to participate in the upside of this stable and growing beach community.

Getting Around

95
WalkingWalker's Paradise
43
TransitSome Transit
70
BikeVery Bikeable

Schools

10/10
9/10
Mission Bay High SchoolGrades 9-121.7 mi

Construction

Materials

  • Construction materials: Metal Fence

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Laundry features: Leased

Features

  • Flooring: Vinyl

Interior Area

  • Total structure area: 12,000
  • Total interior livable area: 12,000 sqft

Property

Details

  • Parcel number: 4156021000
  • Zoning: R-3:RESTRI
  • Zoning description: R-3:RESTRI
  • Special condition: Call Agent

Features

  • Levels: 2 Story
  • Stories: 2

Lot

  • Lot size: 0.32 Acres

Parking

  • Total spaces: 24
  • Parking features: Spaces

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Wildfire

FEMA Declared Disasters in San Diego County and California

Earthquake
Flood
Mud Landslide
Severe Storm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $60,653$727,836
Home Insurance *$1,078$12,936
Property Taxes $6,697$80,364
Electricity $2,573$30,878
Total$71,001$852,012
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$2,434,320/yr
40% on housing$2,130,030/yr
45% on housing$1,893,360/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,000This listing

vs Other Active Listings

Avg $/sqft

ZIP 92109$1,009
San Diego County$558

vs Homes Sold Last Month

Median $/sqft

ZIP 92109$1,129
San Diego County$576

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-06Listed for sale$12,000,000

For Sale by Agent

AgentEvan Faulkner
BrokerageRise Realty

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