Property Details
Property Name
SRO on 1st Avenue
Address
1468 1st Avenue, San Diego, CA 92101
Asking Price
$4,290,000
Units
34
Building Size
10,980 SF
Property Type
Multifamily
Cap Rate
—
Price Per Unit
$126,176
Status
Active
Broker
South Coast Commercial
Investment Opportunity
Two-unit multifamily property in the centrally located City Heights neighborhood of San Diego. The property features two detached 2-bedroom, 1-bathroom units totaling approximately 1,324 square feet on a 3,124 square foot lot. Both units offer updated interiors, with the front unit including in-unit washer and dryer hookups and extensive upgrades such as new flooring, siding, roof, and insulation. The property also includes three off-street parking spaces, providing a desirable combination of functionality and tenant convenience.
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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