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2520 E St 10 Unit Apartment Building $3,975,000 ($397,500/Unit) 5.23% Cap Rate San Diego, CA 92102
INVESTMENT HIGHLIGHTS
- Fully rebuilt one-bedroom residences with luxury finishes – quartz countertops, stainless appliances, custom cabinetry, and in-unit W/D.
- Strong Rent Metrics: $2,450 avg rent ($4.49/SF) with room for growth.
- Demographics: 85% renter population within 1 mile and average household income over $100K.
- High Demand Unit Mix: Ten (10) 1 BD / 1 BA units ~550 SF each – ideal for urban professionals.
- Excellent Location: Walkable to Balboa Park, South Park, and Downtown; quick access to freeways and transit.
EXECUTIVE SUMMARY
The Bove Group at Colliers is pleased to present 2520 E Street & 924 25th Street, a 10-unit multifamily property in the heart of Golden Hill, San Diego. Spanning two newly constructed buildings, each 1-bed/1-bath unit (~550 SF) features luxury finishes, in-unit laundry, and A/C—delivering turnkey quality and strong investment fundamentals.
PROPERTY FACTS
| Price | $3,975,000 | Property Subtype | Apartment |
| Price Per Unit | $397,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.23% | Building Size | 5,434 SF |
| Gross Rent Multiplier | 13.58 | No. Stories | 2 |
| No. Units | 10 | Year Built/Renovated | 2020/2024 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | CC-3-4 | ||
| Price | $3,975,000 |
| Price Per Unit | $397,500 |
| Sale Type | Investment |
| Cap Rate | 5.23% |
| Gross Rent Multiplier | 13.58 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,434 SF |
| No. Stories | 2 |
| Year Built/Renovated | 2020/2024 |
| Opportunity Zone |
Yes |
| Zoning | CC-3-4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 510 |
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 534-401-06 | Improvements Assessment | $676,260 |
| Land Assessment | $1,456,560 | Total Assessment | $2,132,820 |
PROPERTY TAXES
Parcel Number
534-401-06
Land Assessment
$1,456,560
Improvements Assessment
$676,260
Total Assessment
$2,132,820
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2520 E St
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