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$ 4,150,000
$ 4,395,000 5.6%
Est. payment | /mo
12 Beds
10 Baths
9,106 SqFt
$ 4,150,000
$ 4,395,000 5.6%
Est. payment | /mo
12 Beds
10 Baths
9,106 SqFt
Key Details
Sold Price $4,150,000
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Sold
Purchase Type For Sale
Square Footage 9,106 sqft
Price per Sqft $455
MLS Listing ID 250026658
Sold Date 07/25/25
Bedrooms 12
Property Sub-Type Com-Res Income
Property Description
Rare Hillcrest 14-unit multifamily investment with major rental upside. Located in one of San Diego's strongest rental submarkets, this value-add opportunity includes (8) 1Bed/1Bath, (4) 2Bed/1Bath, and (2) Studios. All tenants are on month-to-month leases, offering maximum flexibility for rent increases and renovations. Current rents are below market, and new ownership can significantly increase income through targeted improvements—some of which have already been completed by the current ownership. With a current cap rate of 3.41% and a proforma cap of 6.37%, this property is ideal for investors seeking cash flow growth and long-term upside in a blue-chip location.
Location
State CA
County San Diego
Area Metro Uptown
Zoning RM-3-9
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Others
Tax ID 444-491-37-00
Listed by Jason J Lee Nara Advisors, Inc.
Bought with Jason J Lee Nara Advisors, Inc.
Bought with Jason J Lee Nara Advisors, Inc.
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Coronado Premier Properties
Broker Associate | Lic# 01976606