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***Seller-Carry Financing Available*** 3541 Highland Ave 12 Unit Apartment Building $4,100,000 ($341,667/Unit) 5% Cap Rate San Diego, CA 92105
Investment Highlights
- 12 Units (Each Individually Parceled & Condo Mapped)
- In-unit Washer & Dryer Hookups
- Pride of Ownership, Well Maintained Property & Grounds
- Desired unit mix with spacious townhome style floor plans
- Onsite Parking Including a Gated, Secured Parking Garage
- Centrally Located City Heights Rental Submarket
Executive Summary
***Seller-Carry Financing Available***
3541 Highland Avenue presents a rare opportunity to acquire a well maintained 12-unit individually parceled condominium-mapped apartment community in one of the city’s most dynamic and centrally positioned neighborhoods. Situated within the 92105 zip code of City Heights, the property benefits from strong rental demand driven by its proximity to major employment centers, colleges, public transit, retail corridors, and cultural amenities. This property consists of 12 Condo Quality units, individually parceled totaling 9,576 square feet on a 12,531 Sq ft lot featuring (6) large 1bd/1ba units and (6) 2bd/2.5ba 2 story Townhome style units above a gated and secured parking garage. This has been a well maintained pride of ownership property and the first time on the market in over 25 years. As a condominium-mapped property, the asset provides investors with unique flexibility, including the potential for individual unit sales or a long-term hold strategy to capitalize on consistent cash flow and future appreciation.
3541 Highland Avenue presents a rare opportunity to acquire a well maintained 12-unit individually parceled condominium-mapped apartment community in one of the city’s most dynamic and centrally positioned neighborhoods. Situated within the 92105 zip code of City Heights, the property benefits from strong rental demand driven by its proximity to major employment centers, colleges, public transit, retail corridors, and cultural amenities. This property consists of 12 Condo Quality units, individually parceled totaling 9,576 square feet on a 12,531 Sq ft lot featuring (6) large 1bd/1ba units and (6) 2bd/2.5ba 2 story Townhome style units above a gated and secured parking garage. This has been a well maintained pride of ownership property and the first time on the market in over 25 years. As a condominium-mapped property, the asset provides investors with unique flexibility, including the potential for individual unit sales or a long-term hold strategy to capitalize on consistent cash flow and future appreciation.
Property Facts
| Price | $4,100,000 | Building Class | C |
| Price Per Unit | $341,667 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 9,576 SF |
| Cap Rate | 5% | Average Occupancy | 95% |
| Gross Rent Multiplier | 12.85 | No. Stories | 2 |
| No. Units | 12 | Year Built/Renovated | 1982/2025 |
| Property Type | Multifamily | Parking Ratio | 2.09/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | RM-1-1 | ||
| Price | $4,100,000 |
| Price Per Unit | $341,667 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 12.85 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 9,576 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1982/2025 |
| Parking Ratio | 2.09/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-1-1 |
Amenities
Unit Amenities
- Balcony
- Dishwasher
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,838 | 624 |
| 2+2.5 | 6 | $2,561 | 972 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 476-041-31-01 | Improvements Assessment | $61,127 |
| Land Assessment | $15,663 | Total Assessment | $76,790 |
Property Taxes
Parcel Number
476-041-31-01
Land Assessment
$15,663
Improvements Assessment
$61,127
Total Assessment
$76,790
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***Seller-Carry Financing Available*** | 3541 Highland Ave
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