Apartment Realty Group sells Pacific Beach 4-unit for $2.36 million

By AI, Created 10:35 PM UTC, May 19, 2026, /AGP/ – Apartment Realty Group closed the sale of a 4-unit value-add multifamily property at 935 Chalcedony Street in San Diego’s Pacific Beach neighborhood for $2.36 million. The deal underscores continued investor demand for coastal rental assets with income upside in one of the city’s strongest apartment markets.

Why it matters: - The sale shows continued investor appetite for small coastal multifamily properties with room to raise rents. - Pacific Beach remains a strong rental-demand submarket because of its proximity to shops, restaurants and the beach. - The property’s value-add profile gives the buyer a path to improve income from a limited-unit asset.

What happened: - Apartment Realty Group represented both the seller and the buyer in the sale of a 4-unit multifamily property in Pacific Beach. - The property at 935 Chalcedony Street, San Diego, CA 92109 sold for $2,360,000. - James Carter, senior managing broker/partner, and Angelo La Bruna, senior vice president, handled the transaction. - The sale was announced May 19, 2026.

The details: - The asset includes one detached 2-bedroom, 1-bath house. - The building also includes two 2-bedroom, 1-bath apartment units. - One 2-bedroom, 1.5-bath townhome unit rounds out the four-unit property. - The property sits on a 6,206-square-foot lot. - The total building footprint is 3,600 square feet. - The location is a short walk from local shops, restaurants and the beach. - La Bruna said the property drew multiple offers within the first week of marketing. - La Bruna said escrow closed in under 30 days.

Between the lines: - The quick offer activity suggests buyers still compete for well-located coastal assets even when they require operational or rental upside. - Small multifamily deals in walkable beach communities tend to draw interest because the downside is limited and the long-term income case can be straightforward. - Apartment Realty Group’s dual representation points to a transaction where both sides wanted a broker already active in the local market.

What’s next: - The buyer is positioned to pursue rental growth through the property’s existing upside. - Coastal multifamily listings with similar unit mix and location are likely to remain attractive to investors looking for stable demand and value-add potential. - Apartment Realty Group will likely continue marketing similar small multifamily assets across San Diego’s coastal submarkets.