Listed by Christen Jensen, Broker
$1,645,000
5707 Mildred St
Details
APN 436-384-01-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,436
Units 4
Cap Rate 4.03%
Year Built 1960
Buildings 1
Stories 2
Acreage 0.100
Zoning R-4:MULTIP
Multifamily | 4.03% CAP | 4 Units
Marketing description
Well-maintained and stabilized 4 Unit property located in the highly desirable Morena neighborhood of San Diego. The building is currently occupied by solid, long-term tenants and provides reliable in-place income from day one. The units have been partially renovated and present a clear value-add opportunity through selective renovations, including kitchens, bathrooms, finishes, windows, and other cosmetic upgrades to further increase rents and overall return. The roof is in good condition. Each unit is assigned one on-site parking space in an area where parking is a premium. The location is a major strength—centrally positioned with easy access to University of San Diego, Tecolote Canyon, multiple Golf Courses, Mission Bay, Pacific Beach, SeaWorld, and Fashion Valley Mall, along with nearby freeway access to I-5 and I-8. This proximity to employment centers, recreation, shopping, and transit drives consistent rental demand. An excellent opportunity for investors seeking stable cash flow today with upside potential tomorrow in one of San Diego’s most supply-constrained rental markets.
Listing Contacts
Listed by Christen Jensen, Broker
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