2959-81 54th St, San Diego, CA 92105

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Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

kobezimmerman@bhhscal.com +1(858) 753-3353

$3,525,000

Est. payment - /mo

5 Beds

9,360 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 9,360 sqft

Price per Sqft $376

MLS Listing ID 2600970

Bedrooms 5

Lot Size 0.256 Acres

Property Sub-Type Com-Res Income

Property Description

This beautifully refreshed 12-unit property presents a rare opportunity to acquire a pride-of-ownership asset with substantial income upside. Current rents offer immediate improvement potential, with just an 8.8% adjustment, investors can realize a meaningful increase in NOI while positioning the property for natural turnover to market rents. The 3-bedroom and 2-bedroom unit mix stands out in a market saturated with smaller one-bedroom and studio units, providing superior tenant demand and rent growth potential. Recent comparables have traded at similar price-per-unit metrics despite offering inferior layouts and limited income capacity, highlighting the value advantage of this asset. The 3 fourplexes also sit on 3 separate APNs offering the next buyer possible alternative exit strategies. With its recent exterior painting, new parking lot, strong fundamentals, and attractive unit composition, this property is poised to become a top performer in any portfolio.

Location

State CA

County San Diego

Area Metro Uptown

Interior

Heating Wall

Fireplace No

Exterior

Parking Features Spaces

View Y/N No

Total Parking Spaces 12

Building

Story 2

Others

Senior Community No

Tax ID 477-341-04-00

Acceptable Financing Cash, Exchange Up, Other/Remarks

Listing Terms Cash, Exchange Up, Other/Remarks

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Listed by Christina M Labowicz ACI Apartments

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2959-81 54th St San Diego, CA 92105