- $1,010,000
- $1,025,000
Overview
- Multi Family, Commercial Sale
- 3310 Sqft
- 1955
Description
*FINANCIALS ARE PRO-FORMA – CURRENT RENTS ARE SUBSTANTIALLY BELOW MARKET. See Marketing Package, Rent Roll (Documents). Value-add 5-unit apartment built 1955. Unit mix = (1) 2bed+2bath (roughly 800 SF), (2) 2bed+1bath (roughly 705 SF), (2) 1bed+1bath (roughly 550 SF). Roughly 45% upside. Ability to add laundry/storage income, and possibly convert 3 garages to ADUs? Units are dated, but well-maintained. New roof done 4 years ago. All new bathrooms in all units done in last 2-4 years. Has been owned long term in a family trust for almost 20 years. Larger lot with mature landscaping, trees, shade, and a grass lawn. (3) 1-car storage garages in the rear (allocated to 2-bedroom units), + additional common laundry/storage area with storage lockers and laundry hookups. Roughly 4-5 parking spaces in the rear, accessible via alley. 1 tenant has about 6-months remaining on current lease. All others month-month. Quiet, residential area w/ easy access to 805 freeway. Information deemed reliable, but not guaranteed. All buyers must take appropriate measures to verify all information set forth herewith.
Address
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City: San Diego
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State/county: CA
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Zip/Postal Code: 92113
Details
Updated on June 12, 2026 at 5:20 pm-
Property ID PTP2000798
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Price $1,010,000
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Property Size 3310 Sqft
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Year Built 1955
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Property Type Multi Family, Commercial Sale
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Property Status Closed
Additional details
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Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Trust Deed
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County San Diego
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Property Type Commercial Sale
Features
Mortgage Calculator
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