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San Diego,CA 92115
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Talmadge
MLS Listing ID 250041093SD
Year Built 1962
Property Description
HUGE PRICE CUT! $250,000 BELOW ORIGINAL ASK! Incredible opportunity to own a fully remodeled 8-unit multifamily property just minutes from SDSU in the rapidly growing College Area of San Diego. Each 1-bed / 1-bath unit is newly upgraded and will be delivered fully furnished, offering a turnkey investment with strong existing income. Six units are currently producing high-demand mid-term rental income, with significant upside if converted to long-term tenants, achieving a projected 6.42% cap rate at the new price of $2,350,000. The property features modern interiors, on-site laundry, 11 parking spaces, and a Walk Score of 91, providing excellent accessibility to dining, retail, and transportation. With strong cash flow, prime location, and appreciation potential, this is a rare, stabilized asset ready for both immediate income and long-term growth.
Location
State CA
County San Diego
Area 92115 - San Diego
Building/Complex Name Complex
Interior
Cooling Wall/Window Unit(s)
Exterior
Fence Partial
View Y/N No
Roof Type Rolled/Hot Mop
Building
Story 2
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan