28
See all 28 photos
$3,325,000
Est. payment /mo
0.26 Acres Lot
Active
2959 54th St San Diego, CA 92105
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2600970SD
HOA Y/N No
Lot Size 0.256 Acres
Property Sub-Type Mixed Use
Property Description
This beautifully refreshed 12-unit property presents a rare opportunity to acquire a pride-of-ownership asset with substantial income upside. Current rents offer immediate improvement potential, with just an 8.8% adjustment, investors can realize a meaningful increase in NOI while positioning the property for natural turnover to market rents. The 3-bedroom and 2-bedroom unit mix stands out in a market saturated with smaller one-bedroom and studio units, providing superior tenant demand and rent growth potential. Recent comparables have traded at similar price-per-unit metrics despite offering inferior layouts and limited income capacity, highlighting the value advantage of this asset. The 3 fourplexes also sit on 3 separate APNs offering the next buyer possible alternative exit strategies. With its recent exterior painting, new parking lot, strong fundamentals, and attractive unit composition, this property is poised to become a top performer in any portfolio.
Location
State CA
County San Diego
Area 92105 - East San Diego
Interior
Heating Wall Furnace
Fireplace No
Exterior
Total Parking Spaces 12
Others
Tax ID 4773410400
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://www.propertypanorama.com/instaview/snd/2600970
Listed by Christina Labowicz ACI Apartments #02055851
NEARBY SCHOOL & BUSINESS
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