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2959 54th St, San Diego, CA 92105
Priced at Only: $3,525,000
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Address: 2959 54th St, San Diego, CA 92105
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  • MLS#: 2600970SD ( Commercial/Residential )
  • Street Address: 2959 54th St
  • Viewed: 2
  • Price: $3,525,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 39
  • Additional Information
  • County: SAN DIEGO
  • City: San Diego
  • Zipcode: 92105
  • Provided by: ACI Apartments
  • Contact: Christina Christina
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    This beautifully refreshed 12 unit property presents a rare opportunity to acquire a pride of ownership asset with substantial income upside. Current rents offer immediate improvement potential, with just an 8.8% adjustment, investors can realize a meaningful increase in NOI while positioning the property for natural turnover to market rents. The 3 bedroom and 2 bedroom unit mix stands out in a market saturated with smaller one bedroom and studio units, providing superior tenant demand and rent growth potential. Recent comparables have traded at similar price per unit metrics despite offering inferior layouts and limited income capacity, highlighting the value advantage of this asset. The 3 fourplexes also sit on 3 separate APNs offering the next buyer possible alternative exit strategies. With its recent exterior painting, new parking lot, strong fundamentals, and attractive unit composition, this property is poised to become a top performer in any portfolio.
Features
Construction Materials
  1. Stucco
Country
  1. US
Heating
  1. Wall Furnace
Netoperatingincome
  1. 178527.00
Parcel Number
  1. 4773410400
Property Type
  1. Commercial/Residential
Totalmonthlyrent
  1. 25115
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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