Listed by Kidder Mathews San Diego
$7,500,000
Loma Manor Apartments
Details
APN 530-742-05-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,800
Units 18
Cap Rate 3.36%
NOI $251,860
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 4%
Pro-Forma NOI $299,984
Price per SqFt $694
Year Built 1948
Year Renovated 2014
Buildings 3
Stories 2
Acreage 0.350
Zoning CC-4-2 (Community Commercial), RM-3-7 (Residential Multiple Unit)
Parking Spaces 14 spaces
Parking per 1,000 SqFt 1.30
Investment Type Value Add
Multifamily | 18 Units | $416,667/unit
Marketing description
Loma Manor is an 18-unit apartment community located in the coastal neighborhood of Point Loma. The property features one-bedroom and two-bedroom floor plans, an on-site laundry facility, and well-maintained, professionally landscaped grounds. Residents enjoy a highly walkable location near restaurants, grocery stores, coffee shops, and neighborhood amenities, and are less than one mile from Liberty Station, offering approximately 360,000 square feet of premier retail, dining, office, and entertainment space. While the property has been well maintained, in-place rents remain below market. Current ownership has improved six of the 18 units. A new owner can significantly increase the current rents with a full interior and exterior renovation. Located near the waterfront, the property has historically maintained strong occupancy and benefits from Point Loma's desirable coastal lifestyle, scenic bay views, nearby marinas, and major employment centers, including the U.S. Navy. Loma Manor Apartments offers a rare opportunity to acquire a well located coastal multifamily asset with meaningful value-add potential in one of San Diego's most desirable and supply-constrained submarkets.
Investment highlights
- In-place rents are below market. The unit interiors can be renovated to achieve significantly higher rents.
- Well-maintained asset owned by the same family for generations, featuring upgraded unit interiors (approx 1/3 of units), a 2014 roof replacement with new gutters, and many replaced water heaters.
- Highly desirable neighborhood with average household income of $212,063 within 1-mile. The median home value within 1-mile is $1.55 Million.
- 1-mile from Liberty Station, the vibrant mixed use community that spans 361 acres and is home to over 300 businesses, including restaurants, shops, art galleries, and services. The development is expected to grow.
- Most errands can be accomplished on foot. Across the street from Starbucks and one block from Ralph's Grocery. Several prized, local restaurants are within walking distance.
Listing Contacts
Listed by Kidder Mathews San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$251,860.00
$20,988.33/mo
Valuation Metrics
0
DSCR
3.36%
Cap Rate
3.36%
ROI
Map
Zoning
CC-4-2 CommercialNeighborhood CommercialCommercial Community
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View all 188 uses
View all 188 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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