Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
We are pleased to present THE PALMS, a 12-unit multifamily investment in San Diego’s desirable Linda Vista neighborhood, directly across from the University of San Diego (USD). Built in 1962 and extensively renovated in 2017, the property blends modern upgrades with mid-century charm. Situated on a 9,984 SF lot, it features ten (10) one-bed/one-bath units and two (2) studios, totaling ~6,350 rentable SF. Each unit is separately metered for gas and electricity, ensuring cost-efficient operations. Highlights: Fully renovated interiors with granite countertops, new cabinetry, stainless steel appliances, luxury vinyl plank flooring, updated baths, lighting, and fresh paint. One unit has in-unit laundry; new plumbing on the first floor of Building 1. Exterior upgrades include dual-pane windows, new roof (2017), fresh paint, enhanced pool and deck, new concrete, fencing, patio furniture, updated landscaping, controlled access, owner-operated laundry, and six (6) storage units for added income. The Palms offers a walkable location with retail, dining, shopping, and recreation nearby. Steps from USD, with 9,041 enrolled in 2025, it is ideal for students and faculty. This is a fully renovated, stabilized asset with strong rental demand and low maintenance. Upside potential includes implementing RUBS for utility cost recovery and adjusting rents to market rates, enhancing NOI, cash flow, and ROI.
Features & Amenities
Interior
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Total Bedrooms
N/A
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Bathrooms
N/A
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Cooling YN
YES
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Cooling
N/A
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Heating YN
NO
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Heating
None
Exterior
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Garage
No
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Pool
No
Area & Lot
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Property Type
Commercial Sale
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Property Sub Type
Mixed Use
Price
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Sales Price
$4,200,000
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Sq. Footage
N/A
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Price/SqFt
N/A
HOA
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Association
No
School District
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Elementary School
N/A
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Middle School
N/A
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High School
N/A
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Location
County
San Diego
Elementary School
Middle School
High School
Listing Courtesy of Bill Anderson , Acre Investment Real Estate
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