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We're pleased to present 438 Denby Street; a fully stabilized turn-key multifamily offering comprised of nine units on five detached structures. The property consists of one fully remodeled detached single-family home and eight brand-new construction units in the rear completed in 2026. The property totals approximately 4,415 rentable square feet on a 6,573-square-foot parcel. Featuring a solid 6% entry CAP. What distinguishes this offering is that it is already fully stabilized: generating $19,600 of monthly income and $235,200 of annual gross. There is no lease-up, renovation, or rent-repositioning risk left to execute - a buyer steps into durable, day-one cash flow at delivery. Eight of the nine units are AB 1482 exempt from rent control limitations. All utilities are sub-metered, shifting utility costs to residents. The unit mix pairs the remodeled detached 2-bed/1-bath home at $2,925, one - 2-bed/1-bath unit at $2,500 and seven 1-bed/1-bath units averaging $2,025 monthly. Brand-new construction, separately metered utilities, and market-rate rents already in place combine to offer a low-friction, institutionally clean core asset. The property is centrally located within minutes to Downtown San Diego, Coronado, Golden Hill, North Park and some of San Diego's most desireable attractions including PETCO Park, San Diego Zoo and Balboa Park. The region is quickly gentrifying making this an attractive investment opportunity for years to come and a great addition to any portfolio.
Property Type(s):
Commercial
| Last Updated | 7/8/2026 | Year Built | 0 |
|---|---|---|---|
| Community | 92102 - San Diego | County | San Diego |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 92102 - San Diego |
| HEAT | None |
| LOT | 0 |
Location
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Listed with Bridgepoint Realty Inc
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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