Ronald Navalta

Agent License ID: 02054032

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$ 3,200,000

$ 3,325,000 3.8%

Est. payment | -/mo

28 Beds

12 Baths

9,360 SqFt

$ 3,200,000

$ 3,325,000 3.8%

Est. payment | -/mo

28 Beds

12 Baths

9,360 SqFt

Key Details

Sold Price $3,200,000

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Sold

Purchase Type For Sale

Square Footage 9,360 sqft

Price per Sqft $341

MLS Listing ID 2600970

Sold Date 09/10/26

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

Listed by Christina M Labowicz, DRE#02055851 ACI Apartments
Bought with Benn Vogelsang NorthMarq Multifamily

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+1(619) 450-3658

ron.navalta777@gmail.com

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2959-81 54th St San Diego, CA 92105