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Investment Highlights

  • Highly Regarded Architecture & Design by Jeff Svitak
  • On Site Communal Coffee
  • Adjacent to City-Maintained Park
  • Strong Average In-Place Rent of $3,907
  • Unmatched Location in Bankers Hill
  • Impressive Neighborhood Demographics: $115,707 Avg. Household Income, $1.15M Median Home Sale Price (Homes.com)

Executive Summary

Berkadia is pleased to present Kaya, a newly delivered 78-unit trophy asset in the heart of Bankers Hill, one of San Diego’s most coveted urban neighborhoods. Built in 2025, Kaya combines striking, design-forward architecture with durable real estate fundamentals in a premier walkable location adjacent to Balboa Park and moments from Downtown, Hillcrest, and Little Italy.
Kaya presents a rare opportunity to acquire a newly constructed, highly differentiated asset featuring an average unit size of 770 SF, strong in-place rents averaging $3,907 per unit, and a compelling neighborhood renter profile supported by $115,707 average household income, 71.5% renter occupancy, and $1.15 million median home sale prices in the surrounding neighborhood. Kaya also benefits from a built-in lifestyle amenity with Communal Coffee occupying the ground-floor retail space, further enhancing the resident experience and street-level activation.
With its elevated design, irreplaceable Bankers Hill location, proximity to San Diego's major employment centers and lifestyle amenities, Kaya offers investors the chance to acquire a true best-in-class urban core asset.

Property Facts

Sale Type Investment
No. Units 78
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.36 AC
Building Size 80,000 SF
Average Occupancy 100%
No. Stories 8
Year Built 2025
Parking Ratio 0.84/1,000 SF
Zoning RM-3-9

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Trash Pickup - Curbside
  • Elevator
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 12 - 465 - 472
1+1 61 - 668 - 1,036
2+2 5 - 1,126 - 1,282
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 452-718-05
  • 452-718-06
Land Assessment
$4,864,699
Improvements Assessment
$20,000,000
Total Assessment
$24,864,699
  • Listing ID: 41810047

  • Date on Market: 8/19/2026

  • Last Updated:

  • Address: 2710 3rd Ave, San Diego, CA 92103

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