Riley Street 5752-5758 Riley St 8 Unit Apartment Building $2,750,000 ($343,750/Unit) 3.69% Cap Rate San Diego, CA 92110

The property offers investors the ability to capitalize on San Diego’s constrained housing supply and favorable long-term fundamentals through strategic unit renovations, operational efficiencies, and continued rental growth. Through these upgrades, there is a clear path to increase the NOI by 46.9% and bring rents to current market levels. The unit mix and location is well suited for a broad tenant base including young professionals, students, military personnel, and long term residents seeking convenient access to major freeways, retail amenities and coastal recreation.
The Morena neighborhood continues to experience strong investor interest due to its central location and accessibility to the region’s top lifestyle and employment destinations. Positioned minutes from Mission Bay and Pacific Beach, the area attracts a diverse renter demographic seeking affordability relative to nearby coastal communities without sacrificing convenience. Residents benefit from proximity to shopping, dining, entertainment, public transportation, and outdoor recreation, making 5752 Riley Street a compelling long-term investment opportunity in one of Southern California’s most resilient apartment markets.