Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1978
Sq.Footage
N/A
Exceptional value-add 7-unit multifamily investment in the heart of City Heights. Priced at just $228K per unit, this asset offers strong fundamentals with a GRM of 11.4 (pro forma) and a 6.3% pro forma cap rate. The unit mix includes six 1BR/1BA units and one spacious 2BR/2BA townhome-style unit with an attached 2-car garage and bonus room. All units are on month-to-month leases with rents well below market, presenting a major opportunity to increase cash flow. Located in an RM-1-1 zone within a Transit Priority Area, this site supports long-term redevelopment or potential ADU additions. Ideal for investors seeking immediate rental upside and future redevelopment potential.
Features & Amenities
Interior
Area & Lot
-
Lot Features
Level
-
Lot Size(acres)
0.1435
-
Property Type
Residential Income
Exterior
-
Garage
Yes
-
Garage spaces
2
Financial
-
Sales Price
$1,600,000
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Location
County
San Diego
Elementary School
Middle School
High School
Listing Courtesy of Sarah Newcomb , Real Broker
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