5011–15 Auburn Drive is a 9-unit multifamily property in San Diego’s rapidly developing City Heights neighborhood. Spanning over 33,000 sq ft across two legal parcels, the property features three buildings: two 2-story fourplexes with 1 bed/1 bath units, and a detached single-level 2 bed/1 bath home. The property includes… Read More a free-standing garage with potential for an ADU conversion, as well as an additional owner’s storage shed that also offers the possibility of conversion into another ADU (buyer to verify all). Ample parking includes 4 open spaces, 4 tandem spots, and a long driveway with a garage accommodating up to 4 vehicles. A common coin-operated laundry room provides added convenience for residents. With the ability to secure 30 year fixed residential financing on one parcel, this investment offers a rare opportunity to unlock long-term potential in a high-demand rental market. The two legal parcels also provide an added exit strategy, allowing an investor to sell the parcels individually if desired. Don’t miss this competitively priced investment—perfect for repositioning and long-term growth. Read Less
Listing Snapshot
Days Online
36
Last Updated
Property Type
Mixed Use
Lot Size
0.76 Acres
MLS Number
250028625SD
30 Days Snapshot Of 92105
$624k
0%
(avg) sold price
15
-25%
homes sold
43
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
3 buildings
Expenses
Operating expense: $52,517
Income
Net operating income: $93,786
Lot
0.762 acres, 33,193 square feet, Size: 33,193
Parking
16 totals parking
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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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