Description
Exceptional value-add 7-unit multifamily investment in the heart of city heights. priced at just $228k per unit, this asset offers strong fundamentals with a grm of 11.4 (pro forma) and a 6.3% pro forma cap rate. the unit mix includes six 1br/1ba units and one spacious 2br/2ba townhome-style unit with an attached 2-car garage and bonus room. all units are on month-to-month leases with rents well below market, presenting a major opportunity to increase cash flow. located in an rm-1-1 zone within a transit priority area, this site supports long-term redevelopment or potential adu additions. ideal for investors seeking immediate rental upside and future redevelopment potential.
Property Type
Residential IncomeCounty
San DiegoStyle
Residential IncomeAD ID
50292998
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Property Details
-
Interior Features
Bathroom Information
- Total Baths: 0
Cooling Features
- Air Conditioning
Heating Source
- Has Heating
Fireplace
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1978
- Building Area Total: 4,544
Pool Features
- None
Laundry Features
- Common Area
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1435
- Lot Size Source: Assessor
- Lot Size Square Feet: 6251
-
Listing Information
Listing Price Information
- Original List Price: 1,600,000
- Listing Contract Date: 2025-05-14
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 4714011100
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 92105 - East San Diego
- Directions: GPS
- Zoning: R-4:MULTIPLE RESIDENTIAL
- Source Property Type: Residential Income
- Area: 92105 - East San Diego
Building and Construction
- Property Age: 47
- Common Walls: 2+ Common Walls
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: front door
- Property Attached: Yes
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BuyOwner last updated this listing 06/29/2025 @ 18:29
- MLS: PTP2504831
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 4,544 sqft, 6,251 sized lot, and 2 parking. are nearby neighborhoods.