Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Lot size

4,154 sqft

Year built

1960

Stories

2

Heating

Natural Gas

Cooling

None

Pool

None

View

Ocean

Status

Active

Days on market

76

MLS #

243913349

About this property

Well-maintained 4-unit property in San Diego's desirable Morena neighborhood. The property is occupied by long-term tenants in month to month contracts and provides stable in-place income from day one. Value add opportunity in renovating the units. The building has a good roof, one assigned on-site parking space for each unit, and a layout that is easy to manage. Parking is a valuable amenity in this area and helps support tenant retention or could be an ADU opportunity. Located just minutes from the University of San Diego, Mission Bay, Old Town, Fashion Valley, SeaWorld, and major employment centers, the property benefits from strong and consistent rental demand. Easy access to I-5, I-8, nearby trolley stations, and San Diego International Airport makes the location convenient for a wide range of tenants. This is an opportunity to acquire a stabilized asset in a central San Diego location with immediate cash flow and long-term upside through continued improvements and rent growth.

Location

5707 Mildred St

San Diego, San Diego, CA, 92110