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2722 Nye St - 2722 Nye Street 6 Unit Apartment Building Offered at $2,715,000 at a 5% Cap Rate San Diego, CA 92111
Investment Highlights
- ?Brand new construction completed in 2026
- ?Six-Unit Multifamily Asset with 83.33% two-bedroom floorplans
- ?Drought tolerant landscaping, drip irrigation, energy efficient lighting and rooftop solar
- ?Prime Linda Vista Location (92111) near major employment hubs including Sorrento Valley, UTC, and Miramar
- ?Premium designer fixtures and finishes, in-unit washers & dryers, split level HVAC systems, and select units with patios or balconies
- ?Market-rate / New construction asset provides shelter from California AB-1482 rent control measures
Executive Summary
We are pleased to present “Atlas 6 on Nye” a newly completed six-unit multifamily community located in the highly accessible Linda Vista neighborhood of San Diego. This sleek boutique property offers a compelling combination of high-quality construction, modern interiors, and stable rental demand - all within one of San Diego’s most strategically positioned submarkets.
Completed in 2026, Atlas 6 on Nye consists of one (1) one-bedroom/one-bathroom unit and five (5) two-bedroom/one-bathroom units ranging from approximately 471 to 770 square feet. Four of the units were newly constructed in 2026 to complement the extensive renovations on the existing two units. Each unit features a thoughtfully designed layout to maximize living space and functionality for today’s urban renter. Interiors feature plenty of natural sunlight and are appointed with high ceilings, oversized windows, premium designer fixtures and finishes, quartz countertops, wood cabinetry, stainless-steel appliances, luxury vinyl-plank flooring, custom tile shower enclosures, ample closet space, recessed and pendant lighting, ceiling fans, split-level HVAC systems, and in-unit washers and dryers. Additionally, the property is located in a low-density residential neighborhood providing ample street parking available for all tenants.
Centrally located just minutes from the University of San Diego (USD), Mission Valley, the Morena Corridor, and major transportation routes (I-5 & I-8), “Atlas 6 on Nye” benefits from excellent connectivity and tenant accessibility. The property is ideally suited for students, professionals, and residents seeking convenient access to education, employment, and lifestyle amenities. With off-street parking, minimal operational complexity, and potential for future enhancements such as accessory storage or shared amenities, “Atlas 6 on Nye represents a rare opportunity to acquire a low-maintenance, income producing asset in one of San Diego’s most resilient rental markets.
Completed in 2026, Atlas 6 on Nye consists of one (1) one-bedroom/one-bathroom unit and five (5) two-bedroom/one-bathroom units ranging from approximately 471 to 770 square feet. Four of the units were newly constructed in 2026 to complement the extensive renovations on the existing two units. Each unit features a thoughtfully designed layout to maximize living space and functionality for today’s urban renter. Interiors feature plenty of natural sunlight and are appointed with high ceilings, oversized windows, premium designer fixtures and finishes, quartz countertops, wood cabinetry, stainless-steel appliances, luxury vinyl-plank flooring, custom tile shower enclosures, ample closet space, recessed and pendant lighting, ceiling fans, split-level HVAC systems, and in-unit washers and dryers. Additionally, the property is located in a low-density residential neighborhood providing ample street parking available for all tenants.
Centrally located just minutes from the University of San Diego (USD), Mission Valley, the Morena Corridor, and major transportation routes (I-5 & I-8), “Atlas 6 on Nye” benefits from excellent connectivity and tenant accessibility. The property is ideally suited for students, professionals, and residents seeking convenient access to education, employment, and lifestyle amenities. With off-street parking, minimal operational complexity, and potential for future enhancements such as accessory storage or shared amenities, “Atlas 6 on Nye represents a rare opportunity to acquire a low-maintenance, income producing asset in one of San Diego’s most resilient rental markets.
Property Facts
| Price | $2,715,000 | No. Units | 6 |
| Price Per Unit | $452,500 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 3,881 SF |
| Cap Rate | 5% | No. Stories | 2 |
| Gross Rent Multiplier | 13.7 | Year Built | 2026 |
| Price | $2,715,000 |
| Price Per Unit | $452,500 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 13.7 |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 3,881 SF |
| No. Stories | 2 |
| Year Built | 2026 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,445 | 471 |
| 2+1 | 5 | $2,870 | 660 - 1,320 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100
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