4 on 15th 1012-20 15th St 4 Unit Apartment Building $1,675,000 ($418,750/Unit) 4.46% Cap Rate San Diego, CA 92154

Introducing 1012 15th St, San Diego, CA 92154 — a beautifully renovated, turnkey four-unit multifamily property ideally positioned in the rapidly growing South San Diego / Imperial Beach corridor. This property comprises (2) spacious 2BD/1BA units and (2) well-designed studio units, each offering a highly efficient layout with luxurious modern finishes throughout.
Interiors feature custom cabinetry, quartz countertops, stainless steel appliances, in-unit washer and dryers, luxury vinyl plank flooring, and designer lighting—creating a warm, contemporary living environment. Each studio includes an energy-efficient AC mini-split system for year-round comfort and tenant satisfaction.
The property also offers low-maintenance landscaping and a newly upgraded 200 AMP electrical panel, ensuring ease of ownership and reduced operating costs. Each unit enjoys its own large private yard, providing valuable outdoor living space ideal for entertaining, relaxing, or pet enjoyment. A full fire sprinkler system further enhances safety and potential insurance savings.
Situated on a 6,580 SF lot, 1012 15th St combines functionality, privacy, and location in a high-demand rental market with strong military presence. This property qualifies as an ideal FHA or VA purchase, making it a perfect opportunity for owner-occupants or investors seeking long-term income and appreciation potential. One of the lowest-priced turnkey 4-plexes in San Diego, this is an opportunity not to miss.