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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$2,250,000

Est. payment - /mo

4 Beds

4 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

Subdivision Talmadge

MLS Listing ID 250041093

Bedrooms 4

Full Baths 4

Year Built 1962

Property Sub-Type Res Income 2-4 Units

Property Description

HUGE PRICE REDUCTION! $350,000!!! 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 $2,250,000. The property features modern interiors, on-site laundry, 10 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. On-site Coin Laundry provides additional monthly income.

Location

State CA

County San Diego

Area Metro Uptown

Interior

Heating Wall/Gravity

Cooling Wall/Window

Fireplace No

Exterior

Fence Partial

Utilities Available Sewer Connected

View Y/N No

Water Access Desc Meter on Property

Roof Type Rolled/Hot Mop

Building

Story 2

Water Meter on Property

Level or Stories 2

Others

Senior Community No

Restrictions Other/Remarks

Tax ID 471-141-08-00

Acceptable Financing Cash, Conventional, FHA, Other/Remarks, VA

Listing Terms Cash, Conventional, FHA, Other/Remarks, VA

Virtual Tour https://www.propertypanorama.com/instaview/snd/250041093

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Listed by Christian Romero, DRE#02221513 Millennial Realty Group

NEARBY SCHOOL & BUSINESS

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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4444 49th San Diego, CA 92115