1232-1236 30th St 6 Unit Apartment Building $1,900,000 ($316,667/Unit) 4.66% Cap Rate San Diego, CA 92102

Marcus & Millichap is pleased to present the compelling value-add, mixed-use investment opportunity located at 1232 30th Street in San Diego, California. The property features a well-balanced combination of residential and retail income streams, consisting of five apartment units, all configured as two-bedroom/one-bath residences, along with one street-level retail space. This unit mix offers investors diversified cash flow and long-term upside potential.
Complementing the unit mix are six off-street parking spaces, a valuable amenity that enhances tenant demand and supports both the residential and commercial components of the asset. Located in the highly sought-after Golden Hill neighborhood adjacent to South Park, the property benefits from a central, urban setting with proximity to employment centers, dining, retail, and recreational amenities. This location supports strong rental demand, low vacancy risk, and long-term appreciation. Overall, the property’s combination of a prime neighborhood, mixed-use configuration, and clear upside potential makes this offering an attractive opportunity for investors seeking both current income and future growth.