Listed by Marcus & Millichap - San Diego
$1,765,000
2774 Broadway
Details
APN 534-312-24
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,930
Net Rentable (SqFt) 3,930
Units 7
Cap Rate 3.21%
NOI $56,607
Occupancy 100%
Pro-Forma Cap Rate 7.27%
Pro-Forma NOI $128,347
Price per SqFt $449
Year Built 1958
Acreage 0.160
Zoning RM-2-5
Parking Spaces 5 spaces
Parking per 1,000 SqFt 1.27
Investment Type Value Add
Multifamily | 7 Units | $252,143/unit
Marketing description
The McCartin Group is pleased to present 2774–80 Broadway a seven-unit value-add apartment opportunity located in the heart of Golden Hill, one of San Diego’s most desirable urban neighborhoods. The property consists of seven 1-bed/1-bath units and five off-street parking spaces, with convenient alley access.
The property sits within the RM-2-5 zoning designation and is further enhanced by the Complete Communities Tier 3 overlay, offering compelling future development potential with an FAR of up to 6.5. Positioned just minutes from Downtown San Diego, Balboa Park, and
Investment highlights
- True Add-Value Opportunity
- Seven 1BR/1BA units
- Five off-street parking spaces + alley access
- Significant upside with below-market rents
- Prime Golden Hill location near Downtown & Balboa Park
- RM-2-5 zoning + Complete Communities Tier 3 (6.5 FAR)
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,607.00
$4,717.25/mo
Valuation Metrics
0
DSCR
3.21%
Cap Rate
3.21%
ROI
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