4791 Ingraham St, San Diego 92109 – Pacific Beach Multifamily Sale

Property Overview

Located just minutes from Mission Bay and the heart of Pacific Beach, 4791 Ingraham St is a rare 7-unit coastal apartment asset in one of San Diego’s most supply-constrained rental markets. Properties of this size and location rarely trade, making this a marquee transaction within the PB submarket.

Deal Summary

• Sold For: $2,450,000

• Submarket: Pacific Beach (Coastal San Diego)

• Unit Mix:

  • (6) Two-Bedroom / One-Bath

  • (1) One-Bedroom / One-Bath

• Representation: Seller

The property’s location and unit mix made it highly desirable to investors seeking stable coastal income with long-term appreciation potential.

Investment Highlights

• High-demand coastal rental location with extremely low vacancy

• Mix of mostly two-bedroom units — ideal for long-term tenant retention

• Strong rentability due to proximity to Mission Bay, beaches, and major PB retail corridors

• Attractive property size for multifamily investors utilizing conventional or agency financing

• Upside potential through interior upgrades and strategic rent optimization

Pacific Beach continues to outperform the broader San Diego multifamily market due to its location-driven renter demand and constrained supply.

Pacific Beach Multifamily Market Insight

Pacific Beach is one of San Diego’s most competitive rental markets. Key factors:

• Consistently strong rental rates relative to non-coastal submarkets

• Extremely limited inventory of 5–15 unit buildings

• High investor competition for coastal assets

• Long-term appreciation historically outpacing inland submarkets

• Ideal location for value-add improvements that immediately translate to rent growth

For owners, PB continues to present one of the strongest exit environments in San Diego County.

Advisory Strategy & Execution

Representing the seller, Arby positioned the property to highlight both its coastal fundamentals and long-term value-add runway.

Strategic actions included:

• Underwriting to demonstrate rent growth and renovation-driven upside

• Highlighting the premium location as a stable-income anchor

• Marketing directly to coastal-focused multifamily investors

• Managing buyer competition while protecting seller objectives

• Ensuring minimal disruption to tenants throughout the process

This approach ensured the property reached top-of-market pricing for its category and submarket.

Result

The property successfully sold for $2,450,000, securing excellent value for the seller and giving the buyer a rare coastal asset with multiple levers for increased NOI.

Considering Selling a Coastal Apartment Building?

Coastal assets perform differently — make sure you get multifamily-specific guidance.

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