1134 Fresno

San Diego, CA 92110

Active

$4,955,000

1/71

Property Description

This property offers the rare opportunity to be the proprietor of a 2017 constructed, multifamily asset next to the University of San Diego. These luxurious living spaces will attract the highest quality, and most desirable renters. Within close proximity to San Diego State, Downtown San Diego , and the 5 and 8 commuter freeways, this property is centrally located and within a short bike or car ride to some of San Diego’s best attractions.

The complex consists of two separate structures sitting on a roughly combined 11,241 SF lot and has an estimated 11,002 SF of rentable space. The unit mix includes (5) four-bedroom/three-bathroom townhomes, and (1) four bedroom / three-and-a-half-bathroom townhome. All units are over 1,800 sf with high end finishes in kitchens and bathrooms, upgraded appliances, and have been well maintained with partial renovations of new floor and paint when a tenant comes in. Additional amenities include private rooftop patios with 360-degree views, central air, and in-unit washer and dryers. Each unit has a two-car garage with (2) additional off-street parking and (2) single car garages with the opportunity for additional revenue. The property is individually metered for gas, electricity, AND water.

This property offers investors unique opportunities of short term rentals or Airbnb/VRBO, using the additional single car garages as storage for cleaning supplies, and linens. Sitting on two separate parcels an investor could choose to further separate the property and turn into 6 individual condos.

Property Details

Property Type

Multifamily

Units

6

SqFt

11,002

Unit Mix

Year Built

(5) 4+3, (1) 4+3.5

2017

Price

$4,955,000

Price/Unit

$825,833

Price/SF

GRM

$450

16.93

Cap Rate

4.00%

Property Location

Morena Vista

Contact Agent

Grant Myerson

858.349.7183

DRE # 02095348

KEN_0377_edit_edited.jpg
KEN_0377_edit_edited.jpg