Gustavo Macias - Coldwell Banker Commercial Real Estate Solutions Logo
Price Reduced Listing
$1,750,000
( )
 $9,394 est/mo Sourced by Back At You

559 61st St,San Diego, CA 92114

San Diego, CA 92114

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Description

559-565 61st Street is a rare opportunity to acquire a 7 unit multifamily asset situated across four separate structures on a large 15,606 square foot lot. The property features a desirable unit mix of (6) 2 bedroom/1 bathroom units and (1) 4 bedroom/2 bathroom unit, providing broad tenant appeal and strong occupancy potential. Current rents remain below market, creating a clear opportunity to increase cash flow through interior renovations, strategic lease up, and professional management. An existing RUBS program provides supplemental income while helping offset utility expenses. Encanto remains an attractive investment submarket driven by its relative affordability, strong neighborhood character, and convenient access to transportation. The property is located within walking distance of the Encanto/62nd Street Trolley Station, offering direct connectivity to Downtown San Diego. The property is located within a Federal Opportunity Zone, offering significant tax advantages for qualifying capital gains investments.

Details

MLS #260015251SD
Listing TypeFor Sale
StyleMixeduse
Sub-TypeResale
StatusActive
Days On Site64
Listing Provided ByLandmark Multifamily and Development | Miles Slater

Features

Units7
Building(s)4
Acreage0.36

Interior

Heating Yes / NoNo
Cooling Yes / NoYes

Area Information

StateCA
CountySan Diego
CitySan Diego
Zip Code92114
Area92114 Encanto
Listing VS Median (in 92114)
Price:
$1,750,000
low | high
Med:
$1,275,000
77.142857142857% of Average
On site:
64
low | high
Med:
126
50.793650793651% of Average
Sourced by Back At You

Market Activity 92114

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Additional Information

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Learn More About This Property

Gustavo Macias

Gustavo Macias

Coldwell Banker Commercial

01758792 (626) 523-1730gustavo.macias@cbcinland.com
StateCA
CountySan Diego
CitySan Diego
Zip Code92114
Area92114 Encanto
Listing VS Median (in 92114)
Price:
$1,750,000
low | high
Med:
$1,275,000
77.142857142857% of Average
On site:
64
low | high
Med:
126
50.793650793651% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.312M - $2.187M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
540 65th Property Photo 1
$2,100,000
540 65th
San Diego, CA 92114
Listing Updated: August 21, 2026 at 11:39:02 PM PDT

Gustavo Macias - Coldwell Banker Commercial Real Estate Solutions