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2934 F St 8 Unit Apartment Building $3,250,000 ($406,250/Unit) 3.43% Cap Rate San Diego, CA 92102

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INVESTMENT HIGHLIGHTS

  • Desirable Unit Mix
  • Dynamic rental submarket with historically strong appreciation
  • Recent Capital Improvements

EXECUTIVE SUMMARY

Prime Golden Hill 8-Unit Value-Add Opportunity.
2934 F Street offers investors the chance to acquire a well located, 8-Unit apartment building in one of San Diego's most dynamic real estate markets. Situated in the highly desirable Golden Hill neighborhood, the property is just minutes form Downtown, Balboa Park, South Park, and North Park, providing tenants with unmatched lifestyle and employment access. The property features three (3) two-bedroom/one-bath units, two (2) two-bedroom/one-and-a-half bath units, and three (3) one-bedroom/one-bath. Currently 100% occupied with tenants on month-to-month leases - giving a new owner immediate flexibility to capture significant rental upside.
With in-place income, excellent unit mix, and a clear path to boosting cash flow, 2934 F Street is an exceptional investment opportunity in a prime San Diego location.

ATTACHMENTS

2934 F St. OM

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $3,250,000
Price Per Unit $406,250
Sale Type Investment
Cap Rate 3.43%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.16 AC
Building Size 7,534 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1989/2024
Parking Ratio 0.8/1,000 SF
Opportunity Zone Yes
Zoning RM-2-5 - Residential Multiple Unit Complete Communities Housing Solutions Tier 3 (6.5 FAR)!

AMENITIES

SITE AMENITIES

  • Gated

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 3 - -
2+1 3 - -
2+1.5 2 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
539-592-15
Land Assessment
$434,490
Improvements Assessment
$666,226
Total Assessment
$1,100,716
  • Listing ID: 37837149

  • Date on Market: 9/26/2025

  • Last Updated:

  • Address: 2934 F St, San Diego, CA 92102

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