1367 Diamond, Pacific Beach/Mission Beach, CA 92109

Property Description

PRIME DEVELOPMENT GEM at the Heart of Pacific Beach! 4-UNIT! PERMITS PENDING! Unrivaled yield potential! Exceptional opportunity for infill developers and savvy investors to capitalize on maximum coastal density with a massive head start. All heavy lifting and upfront holding costs have been eliminated: old structure demolished, site cleared, premium architectural plans engineered and submitted, pending permit approval! Designed for maximum rental yield and marketability, the masterfully proposed project features 4 total units across two sleek duplexes, 975 sq ft each; and each duplex has an ADU of 830 st ft, yielding 4 highly desirable 2BR/2.5BA units with 9ft ceilings, open-concept layouts, and 4 dedicated on-site parking spaces via alley access. Per zoning guidelines, 1 unit will be designated as affordable housing, unlocking incredible local density incentives while still delivering three market-rate units primed for top-tier coastal rents. Prime flat lot with street and alley access, located just minutes, couple blocks to Trader Joe's, PB Rec Center, Garnet Ave shops & dining, Sail Bay, and the ocean. Bypass 12–18+ months of entitlement delays and demo hassles—bring your builder and hit the ground running on day one! Rare opportunity! Location! Location! Location! PRIME DEVELOPMENT GEM at the heart of Pacific Beach in San Diego. ATTENTION DEVELOPERS: CYCLE 1 IS 100% COMPLETED! Eliminate the coastal permitting wait. This is an expedited multi-family play with massive momentum. Official City DSD Project Review Status reports (dated Sept 10, 2026) confirm that Cycle 1 is fully finished with critical structural milestones already achieved. Fire-Plan Review, DSD-Noise, and DSD-Historic have officially SIGNED OFF and are completely cleared. Preliminary design is finalized, initial square-footage and master plan fees are fully paid, and the CEQA Notice of Exemption was formally filed on August 3, 2026, completely removing environmental lawsuit risk.The project under Master Construction Record PRJ-1159449 is currently in a routine "Resubmittal Required" state. The City has provided its clear, administrative correction "to-do list" for the final structural loops, expect final building permit issuance soon!