2886 Mission Blvd, Pacific Beach/Mission Beach, CA 92109

Property Description

MAJOR PRICE REDUCTION FROM $3,300,000 TO $2,995,000!!! 2886–2888 Mission Blvd in San Diego, California is located in South Mission Beach. The property consists of an 8-unit coastal mixed-use asset comprising of six studio apartments and two ground-floor commercial retail spaces, situated along one of Mission Beach's most heavily trafficked pedestrian and vehicle corridors. Positioned directly on Mission Blvd, the site benefits from exceptional street visibility, strong daily foot traffic, and immediate proximity to both the ocean and Mission Bay. This offering presents an excellent opportunity for both owner-users and investors alike. An owner-user can establish or expand a retail or service-based business by occupying one or both of the vacant ground-floor commercial units, while benefiting from the income producing residential units above to offset carrying costs. For an investor, the vacant commercial spaces represent immediate value-add upside through lease-up, complemented by a stabilized residential income stream from six renovated units in one of San Diego's most supply-constrained coastal markets. Located within the thriving South Mission Beach submarket, the asset benefits from year-round tourism, strong rental demand, and consistent consumer traffic driven by nearby destinations including Belmont Park, SeaWorld, and Crystal Pier.