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33857915
33857914

3305-3309 Clairemont Mesa Blvd, San Diego, CA 92117

MM
CA CA 02073919
Commercial Asset Advisors
MC
CA 01381193, CA
Commercial Asset Advisors
Listed by Commercial Asset Advisors
$3,340,000
3 days on market
Updated 1 day ago

Clairemont Mesa New Construction

Details
APN 359-311-09-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,650
Net Rentable (SqFt) 4,650
Units 6
Cap Rate 5.00%
NOI $166,778
Tenancy Vacant
Pro-Forma Cap Rate 5.00%
Pro-Forma NOI $166,778
Price per SqFt $717
Year Built 2026
Buildings 3
Stories 2
Acreage 0.140
Zoning RM-1-1
Parking Spaces 5 spaces
Parking Per SqFt 1.08
Investment Type Value Add

Clairemont Mesa New Construction

Marketing description

Commercial Asset Advisors presents 3305-3309 Clairemont Mesa Blvd, a six-unit multifamily asset in central San Diego's Clairemont submarket, delivered 100% vacant with a clean path to market rents. The offering pairs four 2026-built residences with a fully renovated 1983 duplex across three detached buildings, giving a new owner modern product, no deferred maintenance, and the flexibility to set every rent to market on day one.

Priced at $3,335,000 ($555,833 per unit, $717 PSF), the asset is underwritten to a 5.00% market cap on $166,778 of stabilized pro forma NOI, with a conservative-to-premium NOI range of $145,438 to $183,194 (4.36% to 5.49% cap). New-construction efficiency holds operating expenses near 29% of EGI. The basis sits below the $562,033 closed-comp average and between the two directly comparable 2025 six-unit deliveries in the submarket.

The unit mix is five two-bedroom and one one-bedroom residence, two with private rooftop decks. Units are delivered fully furnished with a wellness and smart-home package, including Apple HomeKit integration, whole-property filtered water, filtered showers, and smart climate and entry systems. One two-bedroom (Unit 3309-3) is deed-restricted at $3,200 per month; the remaining five are unrestricted and lease at market.

Position is on the Clairemont Mesa Blvd corridor with immediate access to the 805, SR-52, and SR-163, central to Bay Park, Bay Ho, UTC, Mission Valley, and the coast. Offered free and clear.

Investment highlights

  • 6 units across three detached buildings, 4,650 SF, RM-1-1 zoning, 6,083 SF lot
  • Delivered 100% vacant: full mark-to-market on day one, no legacy leases
  • 5.00% market cap on $166,778 NOI; 4.36% to 5.49% cap range across scenarios
  • $555,833 per unit and $717 PSF, below the $562,033 closed-comp average
  • Four 2026-built residences plus a renovated 1983 duplex; no deferred maintenance
  • Two units with private rooftop decks commanding top-of-market rents
  • One 2BR deed-restricted at $3,200 per month; five units unrestricted
  • Central infill location with 805 / SR-52 / SR-163 access, minutes to coast and employment cores
  • Offered free and clear

Listing Contacts

MM
CA CA 02073919
Commercial Asset Advisors
MC
CA 01381193, CA
Commercial Asset Advisors
Listed by Commercial Asset Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$166,778.00
$13,898.17/mo

Valuation Metrics

0
DSCR
4.99%
Cap Rate
4.99%
ROI

Map

Zoning

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RM-1-1 ResidentialMulti FamilyResidential Multiple Unit
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Matt Monterroso
License
CA 02073919
Brokerage
CAA
Title
SVP
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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