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2722 Nye Street, San Diego, CA 92111 For Sale

GH
CA 02068512
Marcus & Millichap - San Diego
AH
CA CA 01981817
Marcus & Millichap - San Diego
WD
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$2,715,000
2 days on market
Updated 2 days ago

2722 Nye Street, San Diego, CA 92111

Details
APN 4316721300
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 3,881
Net Rentable (SqFt) 3,881
Units 6
Cap Rate 5.00%
NOI $135,670
Price per SqFt $700
Year Built 2026
Buildings 3
Stories 2
Acreage 0.130
Ground Lease No

About This Property for Sale

Marketing description

We are pleased to present “Atlas 6 on Nye” a newly completed six-unit multifamily community located in the highly accessible Linda Vista neighborhood of San Diego. This sleek boutique property offers a compelling combination of high-quality construction, modern interiors, and stable rental demand - all within one of San Diego’s most strategically positioned submarkets.

Completed in 2026, Atlas 6 on Nye consists of one (1) one-bedroom/one-bathroom unit and five (5) two-bedroom/one-bathroom units ranging from approximately 471 to 770 square feet. Four of the units were newly constructed in 2026 to complement the extensive renovations on the existing two units. Each unit features a thoughtfully designed layout to maximize living space and functionality for today’s urban renter. Interiors feature plenty of natural sunlight and are appointed with high ceilings, oversized windows, premium designer fixtures and finishes, quartz countertops, wood cabinetry, stainless-steel appliances, luxury vinyl-plank flooring, custom tile shower enclosures, ample closet space, recessed and pendant lighting, ceiling fans, split-level HVAC systems, and in-unit washers and dryers. Additionally, the property is located in a low-density residential neighborhood providing ample street parking available for all tenants.

Centrally located just minutes from the University of San Diego (USD), Mission Valley, the Morena Corridor, and major transportation routes (I-5 & I-8), “Atlas 6 on Nye” benefits from excellent connectivity and tenant accessibility. The property is ideally suited for students, professionals, and residents seeking convenient access to education, employment, and lifestyle amenities. With off-street parking, minimal operational complexity, and potential for future enhancements such as accessory storage or shared amenities, “Atlas 6 on Nye represents a rare opportunity to acquire a low-maintenance, income producing asset in one of San Diego’s most resilient rental markets.

Investment highlights

  • Brand new construction completed in 2026

  • Prime Linda Vista Location (92111) near major employment hubs including Sorrento Valley, UTC, and Miramar

  • Six-Unit Multifamily Asset with 83.33% two-bedroom floorplans

  • Premium designer fixtures and finishes, in-unit washers & dryers, split level HVAC systems, and select units with patios or balconies, and high ceilings

  • Drought tolerant landscaping, drip irrigation, energy efficient lighting and rooftop solar

  • Market-rate / New construction asset provides shelter from California AB-1482 rent control measures

Listing Contacts

GH
CA 02068512
Marcus & Millichap - San Diego
AH
CA CA 01981817
Marcus & Millichap - San Diego
WD
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$135,670.00
$11,305.83/mo

Valuation Metrics

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Cap Rate
5%
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Additional Information

Name
Graeme Henderson
License
02068512
Brokerage
Marcus & Millichap
Title
Broker
Brokerage Address
12544 High Bluff Drive
Name
Austin Ray Huffman
License
CA 01981817
Brokerage Phone
858-373-3122
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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