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

2934 F Street presents the opportunity to acquire an eight-unit multifamily asset in San Diego’s Golden Hill neighborhood, an established urban community located minutes from Downtown San Diego, Balboa Park, South Park, and North Park. The property's central location provides convenient access to major employment centers, entertainment destinations, dining districts, and regional transportation corridors that continue to support renter demand throughout the area.
The apartment community consists of a diverse unit mix including three two-bedroom/one-bath units, two two-bedroom/one-and-a-half-bath units, and three one-bedroom/one-bath units. All units are currently occupied on month-to-month leases, creating operational flexibility for a new owner to implement a leasing strategy aligned with current market conditions. The combination of immediate control opportunities and an established income stream position the asset for investors seeking both current cash flow and future revenue growth.
The property includes six designated parking spaces and six single-car garages, an amenity that enhances tenant convenience in an infill San Diego location. Situated on a 7,056-square-foot lot and improved with a 6,245-square-foot building, the asset benefits from a unit mix that appeals to a broad renter base. Golden Hill's proximity to Downtown San Diego, major cultural attractions, neighborhood retail, and employment hubs supports the property's long-term investment appeal and occupancy potential.
With strong in-place operations, a desirable urban location, and the ability to capitalize on rental upside through future leasing initiatives, 2934 F Street offers investors the opportunity to acquire a multifamily asset in one of San Diego's established residential submarkets.