Courtesy of Commercial Asset Advisors 858-344-9413
Well-maintained 12-unit multifamily asset spanning three adjacent parcels in the Lincoln Park neighborhood of Southeast San Diego. Located within a federally designated Opportunity Zone, the property offers stable in-place income with significant rental upside in a supply-constrained submarket. Constructed in 1973, the property includes three two-story buildings with a strong unit mix: (3) one-bedroom, (6) two-bedroom, and (3) three-bedroom units ranging from 600 to 1,000 square feet. Each unit comes with a dedicated storage space, and the site features 33 off-street parking spaces across 11,878 SF of land. Recent upgrades include new exterior paint, updated roofing, solar, and tasteful interior renovations on select units.
Well-maintained 12-unit multifamily asset spanning three adjacent parcels in the Lincoln Park neighborhood of Southeast San Diego. Located within a federally designated Opportunity Zone, the property offers stable in-place income with significant rental upside in a supply-constrained submarket. Constructed in 1973, the property includes three two-story buildings with a strong unit mix: (3) one-bedroom, (6) two-bedroom, and (3) three-bedroom units ranging from 600 to 1,000 square feet. Each unit comes with a dedicated storage space, and the site features 33 off-street parking spaces across 11,878 SF of land. Recent upgrades include new exterior paint, updated roofing, solar, and tasteful interior renovations on select units.
Multifamily
Res Income 2-4 Units
0
--
--
--
Active
54
0 Sq. Ft.
-- Sq. Ft.
Location
- No
Michael Conger
Commercial Asset Advisors
San Diego
PTP2504104
Average List Price
$713,440
8%
Average Sale Price
$721,183
7%
Days on Market
20
60%
Homes Sold
45
63%
Median List Price
$749,999
4%
Median Sale Price
$770,000
2%
Sale/Price Ratio
101%
0%
Homes for Sale
53
21%
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