200 E Park Ave 3 Unit Apartment Building $1,400,000 ($466,667/Unit) 5.18% Cap Rate San Diego, CA 92173

200 E Park Avenue is a 5-unit apartment complex in San Ysidro consisting of approximately 3,997 square feet built in 1986 and situated on a 7,081 square foot lot. There are four spacious 2 bedroom / 2-bathroom units and one 2 bedroom / 1 bathroom unit with a private patio. There are 10 parking spaces including tandem spaces. At the rear of the property, there is an attached structure with small storage, the water heaters, and a laundry room. The roof was replaced 5 years ago, and the property was tented within the last year. The owner bills back the tenants for water. All tenants are MTM and rent raises are effective 3/1/26. This is an asset with upside for an investor close to markets, trolley/bus, San Diego Public Library, and the San Ysidro Health Center. Across the street there is the San Ysidro Community Center Park with tennis and basketball courts as well as fields. DO NOT WALK ON PROPERTY OR DISTURB TENANTS.
San Ysidro, California, presents a high-value opportunity for investors and developers due to its strategic location and increasing demand for housing. The area experiences some of the highest pedestrian and vehicular traffic in the country, driven by the San Ysidro and Otay Mesa Ports of Entry, making it a prime location.
The nearby Southwest Village Specific Plan, an approved blueprint for mixed- use growth, further reinforces San Ysidro’s future as a desirable growing market. Given its transit connectivity, including the San Ysidro Transit Center, the area is also well-suited for transit-oriented development (TOD), providing further incentives for investment.
San Ysidro is a neighborhood located in the southern most part of San Diego, California. It is situated just north of the U.S./Mexico border and is known for its proximity to one of the busiest land borders crossing in the world.
Historically, San Ysidro has been a vibrant community with strong ties to Mexican heritage and has served as an important gateway between the United States and Mexico. The area is known for its bustling street life and vibrant atmosphere, ultimately offering a favorable blend of residential, commercial and industrial areas.
Overall, San Ysidro is a dynamic and diverse neighborhood, deeply influenced by its proximity to the border and the constant flow of people moving between the two countries for various reasons including work, shopping and visiting family.
The Port of San Diego and the San Diego International Airport are about a 20–25-minute drive. The California Multimodal—Chula Vista Railroad system is less than a 10-minute drive. The Coaster Commuter Rail serves the encompassing community, as does the San Diego Metro Trolly Transit System. It is close to I-5 and I-805, providing easy connectivity to downtown San Diego and beyond.
The demand drivers in Otay Mesa, including access to Mexico's labor force and transportation arteries through the region along the I-15 corridor, are unmatched in San Diego. In the past 12 months, 14,000 nonfarm jobs were added in the San Diego region, a 0.9% year-over-year increase. Private education and health services added the most positions, increasing payrolls by 15,600. Leisure and hospitality, and government added the next most, 5,400 and 5,200, respectively. The subject offering is situated in a thriving industrial zone known for its dynamic business activities.