740 Cotton St - 740 Cotton Street 7 Unit Apartment Building Offered at $3,075,000 at a 6% Cap Rate San Diego, CA 92102

We are pleased to present 740 Cotton Street, a newly constructed and fully renovated 7-unit asset in the Southeast San Diego, CA. The property, built in 2025, features six (6) newly constructed units behind one fully renovated single family home. The property’s unit mix is comprised of four (4) three-bedroom / two-bathroom units, one (1) two-bedroom / two-bathroom unit, one (1) one-bedroom / one-bathroom floorplan, and one fully renovated 3-bedroom / two-bathroom single family residence. Property includes an owned solar energy system and fire sprinklered units, reducing utility cost to tenants and insurance cost to owner. Additionally, the property does NOT have any affordable or deed restricted units which are commonly found at similar infill development sites throughout the city!
The project’s construction design is luxurious and contemporary with the finished product being superior in quality and kind to all other inventory within the submarket. Interiors are well appointed with wood cabinetry, stainless steel appliances, luxury vinyl plank flooring, HVAC systems, in-unit washer & dryers, and stylish finishes throughout. With quick access to interstates -805, -15, & -5 and the 94 freeway, tenants have easy access to major job nodes within San Diego County including Downtown San Diego, Mission Valley, Military bases, East County, and Kearny Mesa.
The Chollas View community is rich in cultural heritage, and burgeoning potential, and the asset is ideally located less than two miles away from the heart of Downtown San Diego, a Tier-1 employment center. A new Community Master Plan was recently adopted that aims to strengthen residents and businesses in the Greater Southeast San Diego neighborhoods. Coupled with an overall well-designed economic expansion of Downtown San Diego, the new community plan will bring major positive implications in the submarket over the next few decades. As major economic milestones are being reached, nearby demand for the submarket continues to increase, presenting investors with the opportunity to capture market rental momentum. Notably, the DoD significantly increased basic housing allowances for active-duty Sailors in San Diego to combat rising housing costs. With so many positives, 740 Cotton Street provides investors with the rare opportunity to purchase a turn-key asset poised to provide meaningful returns for generations.