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$1,950,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250037425SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
Highest Current Cap Rate in all of San Diego County with upside! All 2BR/1BA units with a strong current cap rate of 6.59% and upside to reach a 8%+ cap rate through rent increases and minor improvements. The full 2-bedroom unit mix is highly desirable for tenants and supports long-term stability and rental growth. Select units feature updated finishes including quartz countertops, laminate flooring, and newer cabinets, with room for further upgrades to maximize rents. In addition the unit layouts can fit washer and dryer to further push rents for a new investor. Located in a low-vacancy area near major freeways, transit, employment centers, and just minutes from Downtown San Diego, the property offers solid cash flow with value-add potential.
Location
State CA
County San Diego
Area 92113 - Logan Heights
Interior
Fireplace No
Exterior
Roof Type Composition
Others
Tax ID 5462111800
Virtual Tour https://www.propertypanorama.com/instaview/snd/250032106
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Listed by Jordan Concepcion Apartment Realty Group (ARG)