See all 11 photos
11 photos
Additional details
$4,495,000
Est. payment /mo
10,393 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250026658SD
HOA Y/N No
Lot Size 10,393 Sqft
Property Sub-Type Mixed Use
Property Description
Rare Hillcrest 14-unit multifamily investment with major rental upside. Located in one of San Diego's strongest rental submarkets, this value-add opportunity includes (8) 1Bed/1Bath, (4) 2Bed/1Bath, and (2) Studios. All tenants are on month-to-month leases, offering maximum flexibility for rent increases and renovations. Current rents are below market, and new ownership can significantly increase income through targeted improvements—some of which have already been completed by the current ownership. With a current cap rate of 3.41% and a proforma cap of 6.37%, this property is ideal for investors seeking cash flow growth and long-term upside in a blue-chip location.
Location
State CA
County San Diego
Area 92103 - Mission Hills
Zoning RM-3-9
Interior
Fireplace No
Exterior
Total Parking Spaces 14
Others
Tax ID 4444913700
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Listed by Jason Lee • JLM Real Estate Inc
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