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… Read More 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. Read Less
Listing Snapshot
Days Online
55
Last Updated
Property Type
Mixed Use
Lot Size
0.24 Acres
MLS Number
250026658SD
30 Days Snapshot Of 92103
$1.35M
+10%
(avg) sold price
29
-12%
homes sold
62
+40%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1 building
Expenses
Operating expense: $119,692
Income
Net operating income: $169,961
Lot
0.2386 acres, 10,394 square feet, Size: 10,394
Parking
14 totals parking
Property
Zoning: RM-3-9
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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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