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High-performing 7-unit property with strong financials. Offering a 5.77% current cap rate and 11.28 GRM, this investment delivers immediate cash flow with room for upside. The property features a desirable unit mix: 3 spacious 2-bedroom/2-bath units, 2 well-appointed 2-bedroom/1-bath units, and 2 charming 1-bedroom units. Interiors have been fully renovated, showcasing new laminate flooring, quartz countertops, updated kitchens, and tiled bathrooms. Additional upgrades include a new roof and energy-efficient windows. The property includes 6 garages, with plans underway to convert them into 4 ADUs (anticipated completion of plans in Q1 2025—contact agent for details). Current rents do not reflect the value of the garages, offering further income potential through leasing or ADU conversion. This is a turnkey asset with both stability and growth potential.
Property Type(s):
Commercial
| Last Updated | 12/10/2024 | Community | East San Diego |
|---|---|---|---|
| County | San Diego |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | East San Diego |
| HOA DUES | 0 |
Location
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Listed with Apartment Realty Group (ARG)
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