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2036-58 Highland Ave
San Diego, CA 92113
Highland and Division - 12 New Units · Multifamily Property For Sale
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12 Units
Investment Highlights
- New construction - built in 2023 - fully tested operationally and truly turn key
- Off street parking and garages on every parcel
- Ask listing agent about cost segregation and tax depreciation benefits - we estimate 7 figures of Year 1 tax savings available
- Excellent and rare mix of mostly 2BR 2.5BA townhome style units (9) and (3) 1BR units
- Unique opportunity to purchase with residential financing given 4 parcels = GREAT leverage!
Executive Summary
RESIDENTIAL FINANCING AVAILABLE ON PORTFOLIO. Presenting for sale this NEW CONSTRUCTION 12 unit in south San Diego. Comprised of a unit mix rarely available in the market, the property contains (9) 2BR 2.5BA townhome style units and (3) well designed 1BR units. The property is spread across (4) parcels, which presents a truly unique opportunity to attain residential financing and enjoy much better leverage than with commercial financing. Ask agent about cost seg/tax benefits for which we estimate a HUGE 7 figures of Yr 1 depreciation available! The property boasts truly elegant interior designs, equipped with AC minisplits in all living and bed rooms, off street parking including garages on each parcel, and select units enjoy massive decks and patios. Reach out to listing agent Florian Sighe (619-894-3030) and learn more today.
Property Facts
| Price Per Unit | $456,250 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Size | 9,748 SF |
| Cap Rate | 5% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.6 | No. Stories | 2 |
| No. Units | 12 | Year Built | 2023 |
| Property Type | Multifamily |
| Price Per Unit | $456,250 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 13.6 |
| No. Units | 12 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Size | 9,748 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2023 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Stainless Steel Appliances
- Deck
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 9 | $3,095 | - |
| 1+1 | 1 | $2,095 | - |
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