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$2,500,000
Est. payment /mo
8 Beds
8 Baths
4,574 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 4,574 sqft
Price per Sqft $546
MLS Listing ID 260014578
Bedrooms 8
Full Baths 8
Property Sub-Type Com-Res Income
Property Type Com-Res Income
Property Description
Pleased to present the exclusive listing for 5752-58 Riley Street, an 8-unit value-add investment opportunity located in the highly desirable Morena submarket of San Diego, California. Originally constructed in 1958, the property offers classic architectural character featuring a pitched roof, low-maintenance common areas, and updated dual-pane vinyl windows installed throughout the building. The 4,574-square-foot property is situated on a 4,976 SF lot and consists of a diverse unit mix featuring (2) studios, (4) 1-bedroom / 1-bathroom units, and (2) 2-bedroom / 1-bathroom units. This specific unit mix caters perfectly to a broad urban tenant base, providing highly efficient layouts, including 1-bedroom floor plans that offer 76 more square feet of living space than nearby new construction, remaining consistently attractive to renters in the submarket. Current ownership has kept up on maintenance and completed a variety of capital improvements including LVP flooring, dual-pane vinyl windows in all units and passed SB721 inspection. Tenants amenities include on-site laundry, (5) off-street parking spaces and partial views of Mission Bay/Point Loma in select units.
Location
State CA
County San Diego
Area Metro
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Others
Senior Community No
Tax ID 436-581-13
Special Listing Condition Call Agent
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Listed by Ben Sierpina, DRE#02062416 Marcus & Millichap
Nearby School & Business
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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