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$2,350,000
Est. payment /mo
4 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Talmadge
MLS Listing ID 250041093
Bedrooms 4
Full Baths 4
Year Built 1962
Property Sub-Type Res Income 2-4 Units
Property Type Res Income 2-4 Units
Property Description
Incredible opportunity to own a fully remodeled 8-unit multifamily property just minutes from SDSU in the rapidly growing College Area of San Diego. Each 1-bed / 1-bath unit is newly upgraded and will be delivered fully furnished, offering a turnkey investment with strong existing income. Six units are currently producing high-demand mid-term rental income, with significant upside if converted to long-term tenants, achieving a projected 6.42% cap rate at the new price of $2,350,000. The property features modern interiors, on-site laundry, 10 parking spaces, and a Walk Score of 91, providing excellent accessibility to dining, retail, and transportation. With strong cash flow, prime location, and appreciation potential, this is a rare, stabilized asset ready for both immediate income and long-term growth. On-site Coin Laundry provides additional monthly income.
Location
State CA
County San Diego
Area Metro Uptown
Interior
Heating Wall/Gravity
Cooling Wall/Window
Fireplace No
Exterior
Fence Partial
Utilities Available Sewer Connected
View Y/N No
Water Access Desc Meter on Property
Roof Type Rolled/Hot Mop
Building
Story 2
Water Meter on Property
Level or Stories 2
Others
Restrictions Other/Remarks
Tax ID 471-141-08-00
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Listed by Christian Romero Millennial Realty Group
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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