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525-531 Nutmeg Street

Active

Featured Listing

525-531 Nutmeg Street

525-531 Nutmeg Street

$5,000,000

UNITS

18

PROPERTY TYPE

Multifamily

SQUARE FEET

9,370ft

CAP RATE

—

AE

Arby Eivazian

DRE# 01948830 · South Coast Commercial

619-990-4436

Property Details

Property Name

525-531 Nutmeg Street

Address

525-531 Nutmeg Street, San Diego, CA 92103

Asking Price

$5,000,000

Units

18

Building Size

9,370ft SF

Property Type

Multifamily

Cap Rate

—

Price Per Unit

$277,778

Status

Active

Broker

South Coast Commercial

Investment Opportunity

South Coast Commercial is pleased to present 525-531 Nutmeg Street, an 18-unit multifamily
investment opportunity located in San Diego’s highly desirable Bankers Hill neighborhood. Situated on
an 8,593 SF parcel, the property features three two-story buildings built in 1930 with a diverse unit mix
of four studios, twelve 1-bedroom units, and two 2-bedroom units. Currently occupied at below-market
rents, the asset presents a compelling value-add opportunity through future rent growth and strategic
property improvements.

The property’s prime location provides additional long-term upside, with residents benefiting from
proximity to Balboa Park, Downtown San Diego, and the dining and lifestyle destinations of nearby
Hillcrest and Little Italy. Located minutes from major employment centers and regional transportation
corridors, 525-531 Nutmeg Street benefits from strong residential demand and the long-term
fundamentals of one of San Diego’s most established urban submarkets.

Why This Property

Strong in-place income

High-demand urban corridor

Rental upside potential

Limited competing inventory

Suitable for 1031 exchange

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Interested in This Property?

Request the full offering memorandum, financial details, and schedule a private showing.​​​

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