6.13% Cap Rate | Value-Add Opportunity with ADU Potential. Well-maintained 16-unit property with strong current income and room to grow. Light renovations can push returns to 7%+. Excellent unit mix: ten 1BD/1BA, four 2BD/1.5BA, and two studios. Six units feature in-unit washer/dryers. Most units updated with laminate flooring, quartz counters, stainless steel appliances, tiled showers, and new cabinetry. Select units include AC. ADU potential for 1-2 additional units. Upside in rents with minimal improvements.
MLS # | 250027339SD |
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Listing Type | For Sale |
Style | Mixed Use |
Sub-Type | Resale |
Status | Active |
Days On Site | 60 |
Listing Provided By | Apartment Realty Group (ARG) | Jordan Concepcion |
Units | 16 |
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Building(s) | 1 |
Heating Yes / No | No |
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Cooling Yes / No | Yes |
State | CA |
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County | San Diego |
City | San Diego |
Zip Code | 92115 |
Area | 92115 San Diego |
![]() | $5,200,0004481 Estrella AvenueSan Diego, CA 92115 |
$3,500,0005047 University AveSan Diego, CA 92105 |