Listed by Compass
$1,475,000
N/A
Details
APN 545-042-07-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,674
Units 4
Cap Rate 5.53%
NOI $83,178
Price per SqFt $552
Year Built 1960
Year Renovated 2026
Buildings 3
Stories 2
Lot Size (SqFt) 7,502
Zoning RX-1-1
Investment Type Value Add
Multifamily | 5.53% CAP | 4 Units
Marketing description
We are pleased to present 3153-55 G Street, a four-unit multifamily investment opportunity in San Diego's Grant Hill neighborhood offering immediate lease-up potential and long-term value-add upside. The property features a 4BD/1BA front home with the opportunity to add a second bathroom, two newly constructed 1BD/1BA ADUs (2026) delivered vacant with modern finishes, mini-splits, and brand-new appliances, and a detached 1BD/1BA rear home with a one-car garage and additional rental upside. Additional amenities include owned solar, two laundry areas, separate gas and electric meters, a gated lot, and a storage shed. Conveniently located just minutes from Downtown San Diego, Balboa Park, and major freeways, the property is projected to achieve an estimated 5.53% pro forma cap rate upon lease-up, while still offering meaningful upside through renovation of the existing homes.
Investment highlights
- 5.3% Cap Rate Upon Lease-Up
- 2 Brand-New Permitted ADUs
- Immediate Lease-Up Opportunity
- Additional Value-Add Potential
- Minutes to Downtown San Diego & Balboa Park
Listing Contacts
Listed by Compass
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,178.00
$6,931.50/mo
Valuation Metrics
0
DSCR
5.64%
Cap Rate
5.64%
ROI
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