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5419 Lauretta St 2 Unit Apartment Building $1,999,000 ($999,500/Unit) San Diego, CA 92110
Investment Highlights
- Two 3BD/2BA Units
- Garage conversion potential
Executive Summary
Opportunity Knocks! Exceptional investment and development opportunity in a prime San Diego location just minutes from the University of San Diego.? This unique property features two spacious 3-bedroom condominium units situated toward the rear of the lot, providing the rare ability to maintain rental income while exploring future development opportunities.?
Ideal for investors, developers, or owner-users seeking long-term upside, the property offers multiple strategies for maximizing value.? Continue collecting income from the existing units, renovate and increase rents, convert the garage into additional living space, or explore potential ADU and redevelopment opportunities.? Buyers are encouraged to review the attached Development Opportunities Analysis and verify all possibilities with the appropriate agencies.?
The property's location is a major advantage, offering convenient access to USD, Mission Bay, beaches, downtown San Diego, major freeways, shopping, dining, and employment centers.? Large parcels with existing income and future development potential are becoming increasingly difficult to find in this market.?
Whether you're looking to generate cash flow today or capitalize on future growth tomorrow, this property presents a unique opportunity to do both.? Don't miss your chance to acquire a versatile asset in one of San Diego's most desirable and supply-constrained neighborhoods.?
Ideal for investors, developers, or owner-users seeking long-term upside, the property offers multiple strategies for maximizing value.? Continue collecting income from the existing units, renovate and increase rents, convert the garage into additional living space, or explore potential ADU and redevelopment opportunities.? Buyers are encouraged to review the attached Development Opportunities Analysis and verify all possibilities with the appropriate agencies.?
The property's location is a major advantage, offering convenient access to USD, Mission Bay, beaches, downtown San Diego, major freeways, shopping, dining, and employment centers.? Large parcels with existing income and future development potential are becoming increasingly difficult to find in this market.?
Whether you're looking to generate cash flow today or capitalize on future growth tomorrow, this property presents a unique opportunity to do both.? Don't miss your chance to acquire a versatile asset in one of San Diego's most desirable and supply-constrained neighborhoods.?
Property Facts
| Price | $1,999,000 | Building Class | B |
| Price Per Unit | $999,500 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 2,080 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | ||
| Zoning | R-3-7 - See attached documents for analysis | ||
| Price | $1,999,000 |
| Price Per Unit | $999,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 2,080 SF |
| No. Stories | 2 |
| Year Built | 1975 |
| Zoning | R-3-7 - See attached documents for analysis |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | 1,040 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 436-551-03-01 | Improvements Assessment | $105,689 |
| Land Assessment | $243,415 | Total Assessment | $349,104 |
Property Taxes
Parcel Number
436-551-03-01
Land Assessment
$243,415
Improvements Assessment
$105,689
Total Assessment
$349,104
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5419 Lauretta St