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2054 N Highland Ave
San Diego, CA 92113
3 New Construction 1BR Units Off Highland · Multifamily Property For Sale
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3 Units
Investment Highlights
- Best priced new construction units on the market
- Elegant 1BR 1BA units very well designed
- $83k+ gross rents at this price point for 3 units is extremely rare
- Off street parking, AC minisplits in all bedrooms and living spaces and washer dryer in units
Executive Summary
BEST PRICED NEW CONSTRUCTION ON THE MARKET! Sub $1.2M for a 3 unit new build simply does not exist! Owner occupants, first time investors, portfolio buyers - there is something for everyone. At a 5.3 in place cap rate and 6.0 market cap, this 3 unit yields the best cash flow available to buyers for new builds or even in general. The property yields a well designed mix of all 1BR 1BA units. Off street parking includes a garage, and select units enjoy outdoor spaces on patios. Step inside and revere tasteful, custom upgrades not seen in most traditional new builds quickly saturating the market. With the beautiful product and a thoughtful design throughout, investors and owner occupants will reap all benefits possible.
DO NOT GO ON THE PROPERTY, TENANTS UNAWARE OF SALE. BUYER TO VERIFY ALL HEREIN TO BE ACCURATE AND TRUE. CONTACT AGENT FOR MORE IMPORTANT INFO REMAINING SALE PROCESS. 619-894-3030 - florian@thebrowargroup.com - Florian Sighe
DO NOT GO ON THE PROPERTY, TENANTS UNAWARE OF SALE. BUYER TO VERIFY ALL HEREIN TO BE ACCURATE AND TRUE. CONTACT AGENT FOR MORE IMPORTANT INFO REMAINING SALE PROCESS. 619-894-3030 - florian@thebrowargroup.com - Florian Sighe
Property Facts
| Price Per Unit | $375,000 | Property Type | Multifamily |
| Sale Type | Investment | Apartment Style | Low-Rise |
| Cap Rate | 5.30% | Building Size | 1,675 SF |
| Gross Rent Multiplier | 13.5 | No. Stories | 2 |
| No. Units | 3 | Year Built | 2023 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Gross Rent Multiplier | 13.5 |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Size | 1,675 SF |
| No. Stories | 2 |
| Year Built | 2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $2,295 | 497 - 643 |
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