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Curlew and Juniper Apartments 2265-2271 Curlew St 8 Unit Apartment Building $4,000,000 ($500,000/Unit) 4.96% Cap Rate San Diego, CA 92101



INVESTMENT HIGHLIGHTS
- Prime Bankers Hill Location Walkable, centrally located neighborhood near Little Italy, Balboa Park, and Downtown San Diego
- Attractive Unit Mix (3) 3BD/2BA, (1) 2BD/2BA, and (4) 1BD/1BA units offering broad tenant appeal
- High-Barrier-to-Entry Submarket Historic 1935 construction in a tightly held market with limited new supply and long-term appreciation potential
- Fully Renovated Asset Modern interiors featuring quartz countertops, stainless steel appliances, plank flooring, A/C, and in-unit washer/dryers
- Exceptional Walkability Walk Score® ~93 (“Walker’s Paradise”) supporting strong demand and premium rents
EXECUTIVE SUMMARY
We are pleased to present 2265–71 Curlew Street, a beautifully renovated 8-unit apartment building located in the tranquil and highly sought-after Bankers Hill neighborhood of San Diego. The property consists of two structures, with the front building originally constructed in 1935 and the rear building built in 1963. Both structures have been thoughtfully repositioned to blend historic character with modern interiors, offering investors a compelling opportunity to acquire a turnkey asset in one of San Diego’s most established and supply-constrained urban submarkets.
The apartment building features a diverse and highly desirable unit mix consisting of three (3) three-bedroom/two-bath units (~1,100 SF), one (1) two-bedroom/twobath unit (~1,000 SF), and four (4) one-bedroom/one-bath units (~400 SF). The larger floor plans appeal to families and long-term renters, while the smaller units attract professionals seeking proximity to Downtown San Diego, Little Italy, and major employment centers, providing broad tenant appeal and income stability.
All units have been extensively renovated with high-end finishes, including quartz countertops, stainless steel appliances, modern cabinetry, plank flooring throughout, and updated bathrooms. Additional features such as in-unit washer/dryers, air conditioning, and functional layouts enhance tenant comfort and support premium rental rates. The property also benefits from street parking, convenient freeway access, and strong operational efficiency.
Location remains a key driver of value. Situated within walking distance of Little Italy and just minutes from the Gaslamp Quarter, residents enjoy immediate access to dining, retail, entertainment, and employment hubs. The property boasts an excellent Walk Score® of approximately 93 (“Walker’s Paradise”), allowing tenants to meet most daily needs on foot. Bankers Hill’s central location, adjacency to Balboa Park, and enduring neighborhood character position 2265–71 Curlew Street as a premier multifamily investment offering strong cash flow and long-term appreciation potential.
The apartment building features a diverse and highly desirable unit mix consisting of three (3) three-bedroom/two-bath units (~1,100 SF), one (1) two-bedroom/twobath unit (~1,000 SF), and four (4) one-bedroom/one-bath units (~400 SF). The larger floor plans appeal to families and long-term renters, while the smaller units attract professionals seeking proximity to Downtown San Diego, Little Italy, and major employment centers, providing broad tenant appeal and income stability.
All units have been extensively renovated with high-end finishes, including quartz countertops, stainless steel appliances, modern cabinetry, plank flooring throughout, and updated bathrooms. Additional features such as in-unit washer/dryers, air conditioning, and functional layouts enhance tenant comfort and support premium rental rates. The property also benefits from street parking, convenient freeway access, and strong operational efficiency.
Location remains a key driver of value. Situated within walking distance of Little Italy and just minutes from the Gaslamp Quarter, residents enjoy immediate access to dining, retail, entertainment, and employment hubs. The property boasts an excellent Walk Score® of approximately 93 (“Walker’s Paradise”), allowing tenants to meet most daily needs on foot. Bankers Hill’s central location, adjacency to Balboa Park, and enduring neighborhood character position 2265–71 Curlew Street as a premier multifamily investment offering strong cash flow and long-term appreciation potential.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $500,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.96% | Building Size | 5,890 SF |
| Gross Rent Multiplier | 13.98 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1935/2024 |
| Property Subtype | Apartment | ||
| Zoning | R-3 - Residential | ||
| Price | $4,000,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Cap Rate | 4.96% |
| Gross Rent Multiplier | 13.98 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,890 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1935/2024 |
| Zoning | R-3 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 3 | $3,873 | 1,100 |
| 2+2 | 1 | $3,695 | 1,000 |
| 1+1 | 4 | $2,258 | 400 |
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 533-132-01 | Improvements Assessment | $624,240 |
| Land Assessment | $2,080,800 | Total Assessment | $2,705,040 |
PROPERTY TAXES
Parcel Number
533-132-01
Land Assessment
$2,080,800
Improvements Assessment
$624,240
Total Assessment
$2,705,040
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Curlew and Juniper Apartments | 2265-2271 Curlew St
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