Courtesy of Apartment Realty Group (ARG)
6.13% Cap Rate Value-Add Opportunity with ADU Potential. Well-maintained 16-unit property with strong current income and room to grow. Light renovations can push returns to 7%+. Excellent unit mix: ten 1BD/1BA, four 2BD/1.5BA, and two studios. Six units feature in-unit washer/dryers. Most units updated with laminate flooring, quartz counters, stainless steel appliances, tiled showers, and new cabinetry. Select units include AC. ADU potential for 1–2 additional units. Upside in rents with minimal improvements.
6.13% Cap Rate Value-Add Opportunity with ADU Potential. Well-maintained 16-unit property with strong current income and room to grow. Light renovations can push returns to 7%+. Excellent unit mix: ten 1BD/1BA, four 2BD/1.5BA, and two studios. Six units feature in-unit washer/dryers. Most units updated with laminate flooring, quartz counters, stainless steel appliances, tiled showers, and new cabinetry. Select units include AC. ADU potential for 1–2 additional units. Upside in rents with minimal improvements.
Multifamily
Com-Res Income
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ACTIVE
34
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Location
- No
Jordan Concepcion
Apartment Realty Group (ARG)
San Diego
250027339
Average List Price
$806,182
9%
Average Sale Price
$800,697
9%
Days on Market
30
0%
Homes Sold
93
36%
Median List Price
$775,000
4%
Median Sale Price
$750,000
4%
Sale/Price Ratio
99%
2%
Homes for Sale
106
27%
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