GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
$ 3,200,000
$ 3,325,000 3.8%
Est. payment | /mo
28 Beds
12 Baths
9,360 SqFt
$ 3,200,000
$ 3,325,000 3.8%
Est. payment | /mo
28 Beds
12 Baths
9,360 SqFt
Key Details
Sold Price $3,200,000
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Sold
Purchase Type For Sale
Square Footage 9,360 sqft
Price per Sqft $341
MLS Listing ID 2600970
Sold Date 09/10/26
Bedrooms 28
Full Baths 12
Lot Size 0.256 Acres
Property Sub-Type Com-Res Income
Property Description
This beautifully refreshed 12-unit property presents a rare opportunity to acquire a pride-of-ownership asset with substantial income upside. Current rents offer immediate improvement potential, with just an 8.8% adjustment, investors can realize a meaningful increase in NOI while positioning the property for natural turnover to market rents. The 3-bedroom and 2-bedroom unit mix stands out in a market saturated with smaller one-bedroom and studio units, providing superior tenant demand and rent growth potential. Recent comparables have traded at similar price-per-unit metrics despite offering inferior layouts and limited income capacity, highlighting the value advantage of this asset. The 3 fourplexes also sit on 3 separate APNs offering the next buyer possible alternative exit strategies. With its recent exterior painting, new parking lot, strong fundamentals, and attractive unit composition, this property is poised to become a top performer in any portfolio.
Location
State CA
County San Diego
Area Metro Uptown
Interior
Heating Wall
Fireplace No
Exterior
Parking Features Spaces
View Y/N No
Total Parking Spaces 12
Building
Story 2
Others
Senior Community No
Tax ID 477-341-04-00
Acceptable Financing Cash, Exchange Up, Other/Remarks
Listing Terms Cash, Exchange Up, Other/Remarks
Listed by Christina M Labowicz, DRE#02055851 ACI Apartments
Bought with Benn Vogelsang NorthMarq Multifamily
Bought with Benn Vogelsang NorthMarq Multifamily
Nearby Locations
GET MORE INFORMATION
Christa Simonsen
REALTOR® Lic# DRE# 01953213