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$ 4,150,000
$ 4,395,000 5.6%
Est. payment | /mo
10,393 Sqft Lot
$ 4,150,000
$ 4,395,000 5.6%
Est. payment | /mo
10,393 Sqft Lot
Key Details
Sold Price $4,150,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 250026658SD
Sold Date 07/25/25
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
Financing Other
Listed by Jason Lee Nara Advisors, Inc.
Bought with Jason Lee Nara Advisors, Inc.
Bought with Jason Lee Nara Advisors, Inc.
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Valerie Condon
Partner | Lic# 00680245