Listed by Christen Jensen, Broker
$1,595,000
5707 Mildred St
Details
APN 436-384-01-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,436
Units 4
Cap Rate 3.83%
Year Built 1960
Buildings 1
Acreage 0.100
Zoning R-4:MULTIP
Multifamily | 3.83% CAP | 4 Units
Marketing description
Well-maintained 4-unit property in San Diego's desirable Morena neighborhood. The property is occupied by long-term tenants in month to month contracts and provides stable in-place income from day one. Value add opportunity in renovating the units. The building has a good roof, one assigned on-site parking space for each unit, and a layout that is easy to manage. Parking is a valuable amenity in this area and helps support tenant retention or could be an ADU opportunity. Located just minutes from the University of San Diego, Mission Bay, Old Town, Fashion Valley, SeaWorld, and major employment centers, the property benefits from strong and consistent rental demand. Easy access to I-5, I-8, nearby trolley stations, and San Diego International Airport makes the location convenient for a wide range of tenants. This is an opportunity to acquire a stabilized asset in a central San Diego location with immediate cash flow and long-term upside through continued improvements and rent growth.
Listing Contacts
Listed by Christen Jensen, Broker
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Zoning
RM-3-7 ResidentialMulti FamilyResidential Multiple Unit
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