Huge Upside + Multiple Value Add Strategies 1505-1525 S 40th St 5 Unit Apartment Building $1,650,000 ($330,000/Unit) 6.06% Cap Rate San Diego, CA 92113

This 5-unit property offers strong in-place income and exceptional value-add potential, while boasting an attractive unit mix that includes a four-plex with four (4) 2BD/1BA units and a separate 5BD/3BA house with its own attached garage. Situated on an oversized lot, the site provides multiple value add opportunities for investors: (1) Add multiple ADUs within the expansive unused yard area, (2)pursue a lot split to separate the house from the 4-plex, and (3) explore full redevelopment with potential for 100+ units (buyer to verify).
It is positioned just 10 minutes from Downtown and 15 minutes from Coronado Island. The surrounding neighborhood continues to benefit from ongoing public and private investment such as South Crest Park & Recreation Center and Cesar Chaves Elementary School, strengthening demand for quality housing and supporting long-term appreciation. With diverse value-add strategies, this asset represents a compelling opportunity for investors seeking both near-term value and scalable future upside.