Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
Proud to present Serra Vista, a newly constructed and fully renovated six-unit multifamily offering located at 3346 Lockwood Drive in the vibrant Serra Mesa neighborhood of San Diego. This boutique asset consists of a fully renovated 3-bedroom /2-bath front house (originally built in 1960) with an attached 1-bedroom / 1-bath unit, along with four newly constructed detached 1-bedroom / 1-bath units completed in 2025. Each unit features modern interior finishes, private fenced outdoor space, in-unit laundry, and energy-efficient systems. The property is fully leased and offers investors a stabilized, low-maintenance asset with long-term upside. The four brand new units are exempt from California’s AB 1482 rent control regulations for 15 years, providing excellent flexibility for future rent increases. With all major systems newly installed, solar-powered electric offset, and contemporary design throughout, Serra Vista represents a truly turnkey opportunity in a high-demand central San Diego submarket. Unlike most apartment inventory in San Diego, which often consists of aging 1960s-70s construction, Serra Vista stands out as a rare newer-construction offering. Investors benefit from modern infrastructure and design, reduced insurance premiums, and minimal ongoing maintenance. There are no looming code upgrades, plumbing or electrical issues, or legacy tenant challenges common with older rent-controlled buildings. This is a true “set-it-and-forget-it” asset, ideal for investors seeking peace of mind and future-proof returns.
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
-
Lot Size(acres)
0.1377
-
Property Type
Commercial Sale
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Property Sub Type
Mixed Use
Price
-
Sales Price
$2,645,000
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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
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Location
County
San Diego
Elementary School
Middle School
High School
Listing Courtesy of Carson Trujillo , Whitewater CRE Inc
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