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2646-2650 Juan St 3 Unit Apartment Building $1,659,000 ($553,000/Unit) 3.53% Cap Rate San Diego, CA 92110
INVESTMENT HIGHLIGHTS
- Prime Old Town San Diego Location
- Ample Onsite Parking
- Perfect for Investor or Owner-Occupant
- Recent Roof, Plumbing and Sewer-Line Upgrades
EXECUTIVE SUMMARY
3-Unit multifamily property located in the high-demand rental market of Old Town San Diego. Situated on an large 8,068 SF lot, the property consists of one (1) 2Bdrm/1Bath cottage-style unit with private yard, and two (2) 1Bdrm/1Bath units, each with private patios. All units have in-unit laundry and dedicated parking. The property is fully occupied (month-to-month) and has been significantly updated in recent years including a new roof, plumbing, sewer-line upgrades and new water heaters. A strong income-producing asset with upside in rents in a prime Old Town location is perfect for an owner-occupant or investor.
PROPERTY FACTS
| Price | $1,659,000 | Property Subtype | Apartment |
| Price Per Unit | $553,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.53% | Lot Size | 0.19 AC |
| Gross Rent Multiplier | 18.31 | Building Size | 1,750 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1948 |
| Zoning | OTRM-1-1 - Residential Multi-Family | ||
| Price | $1,659,000 |
| Price Per Unit | $553,000 |
| Sale Type | Investment |
| Cap Rate | 3.53% |
| Gross Rent Multiplier | 18.31 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 1,750 SF |
| No. Stories | 1 |
| Year Built | 1948 |
| Zoning | OTRM-1-1 - Residential Multi-Family |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $3,000 | 750 |
| 1+1 | 2 | $2,275 | 500 |
Walk Score®
Very Walkable (77)
Transit Score®
Excellent Transit (71)
Bike Score®
Very Bikeable (74)
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2646-2650 Juan St
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