Listed by Compass
$7,799,000
1130-34 11th Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,274
Units 25
Cap Rate 4.68%
NOI $364,838
Occupancy 100%
Tenancy Multi
Price per SqFt $943
Class B
Year Built 1904
Year Renovated 1946
Buildings 2
Lot Size (SqFt) 7,556
Zoning Commercial
Investment Type Value Add
Commercial zoning, corner-adjacent positioning, future development in one of SD's active corridors..
Marketing description
This 25, unit multifamily asset presents a compelling investment opportunity in the heart of Downtown San Diego's East Village, one of the city's most active and rapidly evolving urban corridors.
The property offers strong in-place income with clear and immediate upside through lease turnover, unit renovations, and operational improvements.
With multiple units currently leased below market, investors have the ability to increase revenue and drive NOI growth with minimal capital investment.
Additionally, the property's location within a high-growth area provides long-term potential for appreciation and future development (buyer to verify), making this a flexible opportunity for both cash flow and value creation.
Investment highlights
- Multiple units currently leased below market, providing immediate opportunity to drive NOI growth without significant capital investment
- Proven value-add potential through targeted unit renovations, including kitchens, bathrooms, and interior finishes
- Located within close proximity to major demand drivers including City College Trolley Station, Petco Park, and the Gaslamp District
- Positioned within a high-growth area with long-term development and redevelopment potential (buyer to verify)
- Flexible investment strategy: acquire for stable cash flow with upside, execute value-add improvements, or hold for long-term appreciation and future development potential
Listing Contacts
Listed by Compass
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$364,838.34
$30,403.20/mo
Valuation Metrics
0
DSCR
4.68%
Cap Rate
4.68%
ROI
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