Clairemont Mesa New Construction
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
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?


































