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$ 3,325,000
Est. payment /mo
Price Dropped by $200K
2959-81 54th St San Diego, CA 92105
28 Beds
2 Baths
9,360 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 9,360 sqft
Price per Sqft $355
MLS Listing ID 2600970
Bedrooms 28
Full Baths 12
Lot Size 0.256 Acres
Property Sub-Type Com-Res Income
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 Metro Uptown
Interior
Heating Wall
Fireplace No
Exterior
Parking Features Spaces
View Y/N No
Total Parking Spaces 12
Building
Story 2
Others
Senior Community No
Tax ID 477-341-04-00
Acceptable Financing Cash, Exchange Up, Other/Remarks
Listing Terms Cash, Exchange Up, Other/Remarks
Virtual Tour https://www.propertypanorama.com/instaview/snd/2600970
Listed by Christina M Labowicz, DRE#02055851 ACI Apartments
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