Description
HUGE PRICE REDUCTION! $350,000!!! Incredible opportunity to own a fully remodeled 8-unit multifamily property just minutes from SDSU in the rapidly growing College Area of San Diego. Each 1-bed / 1-bath unit is newly upgraded and will be delivered fully furnished, offering a turnkey investment with strong existing income. Six units are currently producing high-demand mid-term rental income, with significant upside if converted to long-term tenants, achieving a projected 6.42% cap rate at the new price of $2,250,000. The property features modern interiors, on-site laundry, 10 parking spaces, and a Walk Score of 91, providing excellent accessibility to dining, retail, and transportation. With strong cash flow, prime location, and appreciation potential, this is a rare, stabilized asset ready for both immediate income and long-term growth. On-site Coin Laundry provides additional monthly income.
Details
| MLS # | 250041093SD |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1962 |
| Days On Site | 321 |
| Listing Provided By | Millennial Realty Group | Christian Romero |
Features
| Story(s) | 2 |
|---|---|
| Units | 8 |
| Building(s) | 1 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Natural Gas |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Gas Water Heater |
Exterior
| Roof | Rolled Hot Mop |
|---|---|
| Fencing | Partial |
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92115 |
| Area | 92115 San Diego |
| Community Name | Talmadge |
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92115 |
| Area | 92115 San Diego |
| Community Name | Talmadge |
 | $1,776,0004904 El Cajon BlvdSan Diego, CA 92115 |