Apartment Realty Group (ARG)
Listed by Apartment Realty Group (ARG)
$1,200,000
Downtown Village
Details
APN 475-472-21-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,880
Units 4
Cap Rate 1.95%
Year Built 1953
Buildings 1
Multifamily | 1.95% CAP | 4 Units
Marketing description
**4 UNITS, VALUE ADD, 6.91% PROFORMA CAP RATE** The property features three (3) 2bedroom/1bath units and one (1) 1bedroom/1bath unit, along with four (4) off-street parking spaces. There is approximately 132% upside in rental income and a new roof was installed in 2025. The location offers convenient access to local retail, transit, and community amenities, making it an attractive long-term rental market as the neighborhood continues to evolve. Surrounded by ongoing redevelopment projects and neighborhood investment, this property represents a compelling value-add opportunity at one of the best price points for a 4-unit in San Diego County. With renovations and re-tenanting, investors can unlock substantial NOI growth and capitalize on the area’s upward trajectory.
Listing Contacts
Apartment Realty Group (ARG)
Listed by Apartment Realty Group (ARG)
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