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2621 Highland Avenue, San Diego, CA 92105 For Sale

LA
CA 2100978
ERA Ranch & Sea Realty
OJ
01484096
ERA Ranch & Sea Realty
Listed by ERA Ranch & Sea Realty
$1,960,000
87 days on market
Updated 49 days ago

7-Unit Multifamily Value-Add/Investment Property

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,536
Units 10
Cap Rate 6.45%
NOI $126,392
Occupancy 100%
Pro-Forma Cap Rate 7.62%
Pro-Forma NOI $149,267
Price per SqFt $354
Year Built 1979
Year Renovated 2025
Buildings 1
Lot Size (SqFt) 7,070
Zoning R-4 Multiple Residential
Parking Spaces 10 spaces
Parking per 1,000 SqFt 1.81
Investment Type Value Add
Ground Lease No

100% Leased - Ample onsite parking - ADU Opportunity

Marketing description

Located in Swan Canyon within City Heights, this property offers a central San Diego location with convenient access to Interstates 805, 15, and 8, providing easy connectivity to downtown, major job centers, and beaches. The area continues to see strong demand and consistent rental growth, and is

widely recognized as one of the city’s most resilient multifamily submarkets. Close to local amenities and neighboring Normal Heights, the property benefits from both accessibility and long-term investment appeal.

Investment highlights

ERA Ranch & Sea Real Estate is pleased to offer for sale 2621 Highland Ave, a 7-unit multifamily value-add/investment property. Well maintained, 2621 Highland offers a new investor significant immediate rental upside. Built in 1979, the property is sprawled out over an expansive 7070 SF lot and features an ideal unit mix of spacious floor plans, including (4) one-bedrooms, (2) two-bedrooms, and (1) two-bed, two-bath townhome with a bonus room & attached 2-car garage (ADU potential). The gated property also includes 10 onsite parking spaces and a private laundry facility for the tenant’s convenience.

Listing Contacts

LA
CA 2100978
ERA Ranch & Sea Realty
OJ
01484096
ERA Ranch & Sea Realty
Listed by ERA Ranch & Sea Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$126,391.68
$10,532.64/mo

Valuation Metrics

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DSCR
6.45%
Cap Rate
6.45%
ROI

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Additional Information

Name
La Reisa Atanoa
License
2100978
Brokerage
ERA Ranch & Sea Realty
Brokerage Phone
7604722569
Brokerage Address
2963 Carlsbad Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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