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Investment Highlights

  • Prime South Park Location; San Diego’s Most Desirable Neighborhoods
  • (6) One-Bedroom / One-bath units, (3) Two-bedroom / One-Bath
  • Convenient Access to Downtown & Freeways; Minutes From Downtown
  • Extensively Upgraded 9-Unit Apartment Community
  • Walkability To Balboa Park; South Park’s Vibrant Commercial Corridor

Executive Summary

CBRE is pleased to present 3135 Ivy Street, a renovated 9-unit apartment community located in the highly desirable South Park neighborhood of San Diego. Originally constructed in 1966, the property features an attractive unit mix of six (6) one-bedroom / one-bath units and three (3) two-bedroom / one-bath units, appealing to a broad tenant base. Nestled on a quiet dead-end street, the property offers a peaceful residential setting while remaining highly walkable to local restaurants, coffee shops, boutique retail, and neighborhood amenities. Balboa Park is just a short walk away, providing access to expansive green space and cultural attractions.
The property has been extensively renovated with quartz countertops, stainless steel appliances, updated bathrooms, plank flooring, and air conditioning, along with on-site laundry and off-street parking. 3135 Ivy Street also benefits from convenient access to Downtown San Diego, including the Gaslamp Quarter and East Village, as well as nearby Interstate 5, State Route 94, and Interstate 805, allowing for efficient travel throughout the region. With its prime location, strong walkability, and renovated interiors, 3135 Ivy Street presents a compelling multifamily investment opportunity.

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts Under Contract

Sale Type Investment
No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.17 AC
Building Size 6,638 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1968/2023
Parking Ratio 1.36/1,000 SF
Zoning R-M-1-1 - Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 3 $2,995 825
1+1 6 $2,516 635
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
539-171-07
Land Assessment
$2,440,778
Improvements Assessment
$689,785
Total Assessment
$3,130,563
  • Listing ID: 39922129

  • Date on Market: 3/26/2026

  • Last Updated:

  • Address: 3135 Ivy St, San Diego, CA 92104

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