We are pleased to present THE PALMS, a 12-unit multifamily investment opportunity in the highly desirable Linda Vista neighborhood of central San Diego. The property is ideally positioned across from the University of San Diego (USD) and offers exceptional long-term value in a walkable, amenity-rich location. Originally built in… Read More 1962, The Palms underwent a major renovation in 2017, modernizing both interior and exterior features while preserving its mid-century charm. The property sits on a spacious 9,984-square-foot lot and consists of ten (10) one-bedroom, one-bath units, and two (2) studio units, totaling approximately 6,350 rentable square feet. Each unit is individually metered for gas and electricity, ensuring cost-efficient operations for ownership. Fully renovated interiors featuring modern granite countertops, new cabinetry, stainless steel appliances (refrigerator, range, built-in microwave, and dishwasher), luxury vinyl wood plank flooring, updated bathroom vanities, fixtures, lighting, and fresh paint. One unit is equipped with an in-unit washer and dryer, and new plumbing was installed on the first floor of Building 1. Upgraded exterior and community amenities, including dual-pane retrofit windows, new roof (2017), fresh exterior paint, an enhanced pool area and deck with new concrete, fencing, patio furniture, and updated landscaping. The property also features controlled access entry, an on-site owner-operated laundry facility, and six (6) added storage units for additional revenue potential. Read Less
Listing Snapshot
Days Online
23
Last Updated
Property Type
Mixed Use
MLS Number
250019244SD
30 Days Snapshot Of 92110
$923k
-16%
(avg) sold price
9
-60%
homes sold
40
-32%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
2 buildings
Expenses
Operating expense: $102,629
Income
Net operating income: $179,582
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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