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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