5035 Saratoga

San Diego , CA 92107

MLS#: 250041226SD

$4,750,000

Status: Active
Listing number: 250041226SD
Listing provided by: Eric D. Comer, Broker
Listing agent phone: None
Last update: a day ago
New on site 2 days ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Sq.Footage

N/A

PRIME COASTAL LOCATION WITH VALUE-ADD POTENTIAL. Originally constructed in 1957, this well-located community offers a mix of one-bedroom and two-bedroom units. The unit interiors and finishes have not been upgraded, allowing an investor to complete renovations and achieve substantially higher rents. The property features secured entry, community laundry facilities and a private courtyard with an outdoor shower. With a walk score of 93, 5035 Saratoga Avenue is located just steps away from the beautiful beach and surrounded by abundant eateries, shopping and attractions, all walking distance from the property.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Heating YN

    NO

  • Heating

    None

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $4,750,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

San Diego

Elementary School

Middle School

High School

Listing Courtesy of Eric Comer , Eric D. Comer, Broker

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
PRIME COASTAL LOCATION WITH VALUE-ADD POTENTIAL. Originally constructed in 1957, this well-located community offers a mix of one-bedroom and two-bedroom units. The unit interiors and finishes have not been upgraded, allowing an investor to complete renovations and achieve substantially higher rents. The property features secured entry, community laundry facilities and a private courtyard with an outdoor shower. With a walk score of 93, 5035 Saratoga Avenue is located just steps away from the beautiful beach and surrounded by abundant eateries, shopping and attractions, all walking distance from the property.

5035 Saratoga

Message successfully sent.

What would you like to know?

Related Properties

New on site 3 days ago
Turnkey 9-unit property in one of San Diego’s most sought-after neighborhoods. Recently renovated with all major systems replaced—brand-new roof, all-new electrical, and ~80% new plumbing. Interiors feature luxury vinyl plank flooring, stainless steel appliances, modern cabinetry, tiled bathrooms, and in-unit washer/dryers. Unit mix: (1) 2BD/2BA + (8) 1BD/1BA. Each unit includes a dedicated parking space. Stabilized with top-of-market rents and located blocks from University Ave & 30th Street, offering unmatched walkability to dining, nightlife, and retail. Rare opportunity to acquire a like-new, low-maintenance multifamily asset in one of San Diego’s strongest rental corridors.
#250041146SD

San Diego

3776 Villa Ter

None Beds

None Baths

N/A

$4,000,000

MLS#: 250041146SD

We are pleased to present the opportunity to acquire Palms Apartments, a rare 12-unit community located in the highly desirable Bankers Hill neighborhood of San Diego. Situated on a 9,109 square foot lot, Palms Apartments is comprised of three buildings—a duplex, fourplex, and sixplex—creating a charming courtyard-style setting with a thoughtfully landscaped lawn and expansive green common area. The property has been well-maintained, with major system upgrades already completed, providing a strong operational foundation for a new investor. Palms Apartments offers an exceptional value-add opportunity. While significant infrastructure work has been completed, most unit interiors remain in original or partially renovated condition. A new owner can modernize kitchens, baths, flooring, and fixtures to align with today’s renter expectations and capture meaningful rental upside. Renovated properties in the submarket command substantial premiums, positioning Palms Apartments for strong rent growth and long-term appreciation. Palms Apartments provides investors with a rare chance to acquire a stabilized, centrally located property in one of San Diego’s most sought-after neighborhoods, while unlocking immediate upside through interior renovations and rent repositioning. Prospective buyers are advised to independently verify all information contained in this offering memorandum, including but not limited to financial, physical, and market details.
#250040759SD

San Diego

2621 1st Avenue

None Beds

None Baths

N/A

$4,200,000

MLS#: 250040759SD

This 12-unit apartment offering presents a rare opportunity in the heart of Hillcrest with its unique two-parcel configuration totaling 13,715 square feet. One parcel is improved with 16 dedicated on-site parking spaces, an exceptional feature in this high-demand urban neighborhood, while the second parcel includes three separate four-plex buildings with classic frame and stucco construction. All twelve units are thoughtfully laid out as two-bedroom, one-bath apartments, with eight units at 748 square feet and four units at 682 square feet. This balanced unit mix, coupled with their generous sizes, positions the property as an attractive option for long-term renters seeking space, comfort, and walkable access to Hillcrest’s vibrant lifestyle. This asset is ideally suited for an investor looking to capitalize on immediate stability while unlocking future upside through renovation, repositioning, or even long-term redevelopment. The combination of rare on-site parking, efficient two-bedroom layouts, and the two-parcel configuration makes this offering a standout opportunity in San Diego’s multifamily market.
#250040763SD

San Diego

3925 7th Avenue

None Beds

None Baths

N/A

$5,300,000

MLS#: 250040763SD

Fully Renovated 12-Unit Investment Property in Prime North Park/University Heights Location. This stabilized 12-unit asset offers the ideal unit mix of six 2BR/1BA and six 1BR/1BA units, with 6 off-street parking spaces and ample street parking via Boundary Street. The property includes 8 extensively remodeled existing units and 4 fully permitted ADUs—all featuring modern finishes, in-unit laundry, and mini-split A/C & heating. Interiors showcase updated kitchens, baths, flooring, lighting, windows, and appliances. Major system upgrades include sewer lateral replacement with new ABS plumbing, a new water main from meter to street, full re-plumbing of the rear building, and a comprehensive electrical overhaul with new panels and SDGE-compliant wiring. Exterior enhancements include new roofs, new siding and overhang, fresh paint, updated fencing, landscaping, and more. Offering a true 5% cap rate, this property is a rare opportunity to acquire a fully modernized, low-maintenance asset that will hold long-term value due to its exceptional location in one of San Diego’s most sought-after neighborhoods.
#250037871SD

San Diego

4449 Illinois St

None Beds

None Baths

N/A

$5,095,000

MLS#: 250037871SD

WLA 3942 on 8th is an existing Single Room Occupancy (SRO) property with 31 units strategically located in the uptown neighborhood of Hillcrest, one of San Diego’s most coveted urban locations. Built in 1925, the property feature small units with a combination of shared-bathrooms and rooms with private bathrooms. There are common laundry facilities and a gated landscaped yard. The property is located one-block from the Wholefoods Market and dozens of eateries and restaurants. The Trader Joe’s / Ralph's shopping center is located less than ¼ mile away on University Avenue. WLA 3942 on 8th is walking distance to 10 bus lines, including the new Rapid Bus Transit, which offers high-speed, limited stop service between San Diego State University and downtown San Diego. Hillcrest is served by the region’s highest level of bus service. Centrally located between downtown San Diego, Mission Valley, and North Park, Hillcrest has quick access to freeways, transit, and surrounding neighborhoods and major employment centers.
#250037186SD

San Diego

3942 8th Ave

None Beds

None Baths

N/A

$4,185,000

MLS#: 250037186SD

The Georgia Crest, a premier 7-unit multifamily investment opportunity located in the highly desirable Hillcrest neighborhood of San Diego. This one-of-a-kind, fully renovated asset offers investors a rare opportunity to acquire a turn-key, stabilized property in a core urban market with significant long-term upside. Comprising all large two-bedroom, two-bathroom units, the property features a blend of fully permitted new construction and to-the-studs renovation. Every system from electrical and plumbing to roofing and HVAC has been replaced or upgraded to current code, creating a virtually new building with minimal future capital requirements. All units include full-size in-unit laundry, individual split-system HVAC, and dedicated on-site parking — a true differentiator in this dense infill location. The property is 100% all-electric, and two units feature wired 220V EV charging, individually metered. Positioned on an elevated hillside lot, the site offers panoramic city and mountain views and is steps from the Hillcrest Farmers Market, grocers, coffee shops, bars, and restaurants — earning a Walk Score of 93 (“Walker’s Paradise”). All units were pre-leased prior to construction completion, demonstrating strong demand and leasing velocity for this unique asset.
#250036745SD

San Diego

3925 Georgia St

None Beds

None Baths

N/A

$4,550,000

MLS#: 250036745SD

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.
#250036121SD

San Diego

5747 Lauretta St

None Beds

None Baths

N/A

$4,000,000

MLS#: 250036121SD

- Newer vintage (1986) when compared to the majority of the submarket meaning far less capital expenditure needed vs. comparable properties - 11/18 units renovated already with room to push rents - Below market rents (~20.6%) across the board - 6.5% cap + mark-to-market - No new construction in the immediate submarket - Average per unit sale in past 12 months in 92104 zip code is $411,000/unit vs. asking price of $297,000 is a ~28% discount to comparable sales Encouraging all offers.
#250035401SD

San Diego

3864 35th Street

None Beds

None Baths

N/A

$5,199,000

MLS#: 250035401SD

Presenting 2949–2957 Kalmia Street, a rare 8-unit Spanish-style bungalow court located between North Park and South Park, two of San Diego’s most desirable rental submarkets. This income-generating property features Five fully upgraded 2 bed/1 bath units, one 3 bed/2 bath unit and two newly constructed ADUs completed in 2025 — spacious 2 bed/2 bath, both featuring private yards. The bungalow court layout and lush landscaping provide excellent curb appeal and community charm. Situated on a large 10,679 sq ft lot with 4,136 sq ft of improvements, strong walkability to Target, Balboa Park, local cafes, and restaurants. Ideal for any investor seeking a stabilized, low-maintenance multifamily property in a premier San Diego location. This exceptional 8-unit property is a fully stabilized Spanish-style bungalow court located in the heart of North Park/South Park, two of San Diego’s most sought-after rental neighborhoods. The unit mix includes six upgraded 2 bed / 1 bath units, one 2 bed / 2 bath ADU, and one 3 bed / 2 bath ADU. Both ADUs were newly constructed in 2023 with final permits and feature modern finishes, in-unit laundry, and private yards. These newer additions complement the charm of the original bungalow-style layout, enhancing the appeal for tenants and boosting long-term rental value. The property sits on a large 10,679 sq ft lot with 4,136 sq ft of rentable living area, offering an excellent footprint for operations. The current scheduled gross annual income is $197,712.80, representing a 5.07% actual cap rate at list price. Tenants enjoy gated off-street parking and beautifully landscaped common areas. The location is highly walkable to Balboa Park, the San Diego Zoo, boutique coffee shops, breweries, and restaurants — making it one of the strongest rent-growth corridors in central San Diego. Renovations to five of the original six units include updated kitchens, bathrooms, paint, flooring, and finishes. One unit has been professionally staged to showcase its rental potential. This property is ideal for a 1031 exchange investor, long-term buy-and-hold owner, or anyone seeking a turnkey cash-flowing asset in a high-demand urban core. Additional documents available upon request include full rent roll, ADU permit history, and pro forma projections.
#250034672SD

San Diego

2949 Kalmia

None Beds

None Baths

N/A

$3,900,000

MLS#: 250034672SD

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here