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31582205
31582209

8353 Ivory Coast Dr, San Diego, CA 92126

GH
CA 02068512
Marcus & Millichap - San Diego
AH
CA CA 01981817
Marcus & Millichap - San Diego
WD
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$3,895,000
53 days on market
Updated 49 days ago

8353 Ivory Coast Road

Details
APN 3110720600
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,030
Net Rentable (SqFt) 5,030
Units 8
Cap Rate 4.5%
NOI $175,252
Price per SqFt $774
Year Built 2025
Buildings 4
Stories 2
Acreage 0.210

Multifamily | 8 Units | $486,875/unit

Marketing description

We are pleased to present 8353 Ivory Coast Drive, an eight-unit multifamily property located in the highly desirable Mira Mesa (92126) submarket of San Diego. Known for its strong residential appeal, proximity to major employment hubs, and convenient access to retail and transportation, Mira Mesa continues to experience consistent rental demand and long-term growth.

The property features a diverse and well-balanced unit mix, consisting of four one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units, one two-bedroom/one-and-a-half-bathroom unit, and one three-bedroom/two-bathroom unit. This range of unit types allows the property to attract a broad tenant base, from individuals to larger households, supporting stable occupancy and long-term leasing flexibility.

Conveniently located near major shopping centers, dining options, and everyday services, 8353 Ivory Coast Drive also benefits from close proximity to key employment corridors including Sorrento Valley, UTC, and Miramar. With easy access to major freeways, residents enjoy seamless connectivity throughout San Diego County. The property represents a compelling opportunity to acquire a well-positioned, income-producing asset in one of San Diego’s most established and high-demand rental markets.

Investment highlights

  • Brand new construction completed in 2026

  • Prime Mira Mesa Location (92126) near major employment hubs including Sorrento Valley, UTC, and Miramar.

  • Eight-Unit Multifamily Asset with a diverse mix of one-, two-, and three-bedroom residences.

  • Premium designer fixtures and finishes, in-unit washers & dryers, split level HVAC systems, and select units with patios or balconies, and high ceilings

  • Drought tolerant landscaping, drip irrigation, energy efficient lighting and rooftop solar

  • Market-rate / New construction asset provides shelter from California AB-1482 rent control measures

Listing Contacts

GH
CA 02068512
Marcus & Millichap - San Diego
AH
CA CA 01981817
Marcus & Millichap - San Diego
WD
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$175,252.00
$14,604.33/mo

Valuation Metrics

0
DSCR
4.5%
Cap Rate
4.5%
ROI

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Additional Information

Name
Graeme Henderson
License
02068512
Brokerage
Marcus & Millichap
Title
Broker
Brokerage Address
12544 High Bluff Drive
Name
Austin Ray Huffman
License
CA 01981817
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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