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2774-2780 Broadway 7 Unit Apartment Building $1,935,000 ($276,429/Unit) 2.82% Cap Rate San Diego, CA 92102
Investment Highlights
- Seven 1BR/1BA units
- Five off-street parking spaces + alley access
- Significant upside with below-market rents
- Prime Golden Hill location near Downtown & Balboa Park
- RM-2-5 zoning + Complete Communities Tier 3 (6.5 FAR)
Executive Summary
The McCartin Group is pleased to present 2774–80 Broadway a seven-unit value-add apartment opportunity located in the heart of Golden Hill, one of San Diego’s most desirable urban neighborhoods. The property consists of seven 1-bed/1-bath units and five off-street parking spaces, with convenient alley access. The property sits within the RM-2-5 zoning designation and is further enhanced by the Complete Communities Tier 3 overlay, offering compelling future development potential with an FAR of up to 6.5. Positioned just minutes from Downtown San Diego, Balboa Park, and South Park/North Park amenities, the location provides strong tenant demand and long-term stability.
Property Facts
| Price | $1,935,000 | Building Class | C |
| Price Per Unit | $276,429 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,930 SF |
| Cap Rate | 2.82% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.27/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-2-5 | ||
| Price | $1,935,000 |
| Price Per Unit | $276,429 |
| Sale Type | Investment |
| Cap Rate | 2.82% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,930 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.27/1,000 SF |
| Zoning | RM-2-5 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $1,718 | 561 |
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 534-312-24 | Improvements Assessment | $477,543 |
| Land Assessment | $1,697,932 | Total Assessment | $2,175,475 |
Property Taxes
Parcel Number
534-312-24
Land Assessment
$1,697,932
Improvements Assessment
$477,543
Total Assessment
$2,175,475
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2774-2780 Broadway
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