Newly constructed 5-unit multifamily asset completed in 2024, offering a rare opportunity to own a modern, low-maintenance investment property in one of San Diego’s most connected urban locations. Built for long-term efficiency, the property features owned solar, all-electric building systems, and in-unit washer and dryer in every unit, creating a… Read More highly attractive setup for both investors and tenants. The newer construction and energy-conscious design help support lower maintenance demands and more efficient day-to-day operation.
The property consists of two detached buildings with a desirable mix of two 2-bedroom/1-bath units and three 1-bedroom/1-bath units. Contemporary finishes, functional layouts, and modern design elements give the property strong tenant appeal and position it well against older housing stock in the area.
Ideally located just south of Downtown San Diego near the Coronado Bridge, the property benefits from excellent access to major employment hubs, transportation corridors, dining, retail, and entertainment. The surrounding Barrio Logan area is one of San Diego’s oldest and most culturally rich neighborhoods, located south of Downtown and shaped by the presence of the Port of San Diego and Naval Station San Diego. It is also known for its gallery scene, shopping, dining, and proximity to Chicano Park, a National Historic Landmark and cultural destination. These neighborhood qualities help create the kind of location story that stands out to renters and investors alike.
With new construction, owned solar, all-electric efficiency, in-unit laundry, and a location near Downtown and the Coronado Bridge, this property presents a compelling turnkey multifamily opportunity in a strong San Diego rental corridor. Read Less
Listing Snapshot
Days Online
35
Last Updated
Property Type
Apartment
Lot Size
0.09 Acres
Year Built
2024
MLS Number
OC26088678
Additional Details
Appliances & Equipment
Dryer
Building
Built in 2024, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: Ground
Community
Curbs, StreetLights, Sidewalks, Urban
Expenses
Insurance: $2,500, Licenses: $158, Maintenance: $460, Operating: $24,704, Pest Control: $330, Supplies: $975, Trash: $2,160, Water/Sewer: $2,893, Other Expense: $12,025
Home Owner's Association
Association Fee: $0
Income
Gross Income: $116,820, Gross ScheduledIncome: $116,820, Net Operating Income: $91,756
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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