***PLEASE DO NOT DISTURB THE TENANTS*** This is a 2-unit multifamily complex for sale located at 721-723 Law St San Diego, CA 92109. This is the first time the property has been on the market in decades. There are two detached beach cottages that consist of Two 2 Bed / 1 Bath units with below market rents on a month to month lease agreement. Built in the 1950's, this property sits on Law St, considered one of the most famous streets in the Pacific Beach area. The asset consists of two residential units totaling ±1,199 square feet situated on a ±3,304 square foot lot, offering a small-scale multifamily investment opportunity in one of the city’s most supply-constrained rental markets.
Sold for $1,870,000
$1,870,000
721-23 Law St, San Diego, CA 92109
4beds
--sqft
Multi Family
Built in 1950
-- sqft lot
$1,902,700 Zestimate®
$--/sqft
$5,633 Estimated rent
Home value
$1,902,700
$1.81M - $2.00M
$5,633/mo
Zestimate® history
Owner options
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$5,633/mo
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$11,879/mo
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List your homeWhat's special
Two detached beach cottages
Zillow last checked:
Listing updated:
Listed by:
Tony Franco DRE #01714957 858-717-1697,
Tony Franco Realty, Inc.
Bought with:
Assaf Avissar, DRE #01404616
Coldwell Banker West
Source: SDMLS,MLS#: 260006773
Originating MLS: SDMLS
Originating MLS: SDMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Cooling
- N/K
Interior area
- Total structure area: 1,199
Property
Features
- Levels: 1 Story
- Fencing: Partial
- Frontage type: N/K
Details
- Parcel number: 4154500900
- Zoning: RM-1-1
- Zoning description: RM-1-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco, Wood/Stucco
- Roof: Composition
Condition
- Year built: 1950
Community & HOA
Community
- Features: N/K
- Security: N/K
- Subdivision: PACIFIC BEACH
Location
- Region: San Diego
Financial & listing details
- Tax assessed value: $402,028
- Annual tax amount: $5,604
- Date on market: 3/23/2026
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Other/Remarks
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Sold | $1,870,000-6.3% |
Source:  SDMLS #260006773 Report a problem | ||
| 4/30/2026 | Pending sale | $1,995,000 |
Source: SDMLS #260006773 Report a problem | ||
| 3/23/2026 | Listed for sale | $1,995,000 |
Source: SDMLS #260006773 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,604 +14.6% | $402,028 +2% |
| 2024 | $4,889 +2.3% | $394,146 +2% |
| 2023 | $4,780 +2.7% | $386,418 +2% |
| 2022 | $4,653 +0.7% | $378,843 +2% |
| 2021 | $4,621 +1.2% | $371,415 +1% |
| 2020 | $4,565 +2.8% | $367,608 +2% |
| 2019 | $4,440 +5.9% | $360,401 +2% |
| 2018 | $4,193 +2.4% | $353,335 +2% |
| 2017 | $4,094 +1.6% | $346,408 +2% |
| 2016 | $4,028 +1.5% | $339,617 +1.5% |
| 2015 | $3,969 +1.6% | $334,516 +2% |
| 2014 | $3,907 | $327,964 +0.5% |
| 2013 | -- | $326,483 +2% |
| 2012 | -- | $320,082 +2% |
| 2011 | -- | $313,807 +0.8% |
| 2010 | -- | $311,463 -0.2% |
| 2009 | -- | $312,203 +2% |
| 2008 | -- | $306,083 +2% |
| 2007 | -- | $300,082 +2% |
| 2006 | -- | $294,199 -31.4% |
| 2005 | -- | $428,988 +654.7% |
| 2004 | -- | $56,842 +1.9% |
| 2003 | -- | $55,801 +2% |
| 2002 | -- | $54,708 +2% |
| 2001 | -- | $53,637 |
Find assessor info on the county website
Neighborhood: Pacific Beach
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Nearby schools
GreatSchools rating
- 9/10Bird Rock Elementary SchoolGrades: K-5Distance: 0.7 mi
- 9/10Muirlands Middle SchoolGrades: 6-8Distance: 2.2 mi
- 10/10La Jolla High SchoolGrades: 9-12Distance: 2.4 mi
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Estimated market value
$1,902,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,902,700
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