Welcome to Sun Villas, a well-located 8-unit asset in the heart of Normal Heights with a Walk Score of 92, offering walkable access to Adams Avenue, the cultural energy of North Park, and the charm of neighboring Kensington. One of San Diego’s most resilient submarkets, the area consistently attracts long-term… Read More tenants, supporting strong rent durability and low vacancy. The current in-place cap rate supports pricing based on existing cash flow and recent comparable sales on a price-per-unit basis. The property features a rare and highly functional unit mix of (6) 2-bedroom units and (2) 1-bedroom units—an uncommon configuration in the 92116 submarket—along with on-site laundry and 8 parking spaces, a scarce and highly desirable amenity in San Diego. Combined with efficient layouts, thoughtful improvements to most units, and rents positioned just below nearby comparables, Sun Villas offers a stable, defensible income profile with organic upside and long-term hold appeal. Read Less
Listing Snapshot
Days Online
29
Last Updated
Property Type
MixedUse
Lot Size
0.14 Acres
MLS Number
260001643SD
Additional Details
Building
1 building, Construction Materials: Stucco
Expenses
Operating: $62,957
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $212,808, Net Operating Income: $139,210
Lot
0.1435 acres
Parking
8 total parking spaces
Taxes
Parcel Number: 44751230
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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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