1232-1236 30th St - Apartments FOR SALE


San Diego, CA 92102- Golden Hill
$1,900,000 USD
858-775-9825
1232-1236 30th St, San Diego, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/16
null | 4.66% Cap Rate

1232-1236 30th St
San Diego, CA 92102
Golden Hill


HIGHLIGHTS

  • Prime Golden Hill Location - Minutes to Downtown, Balboa Park, South Park & Major Freeways
  • First Time of Market in 25 Years
  • Well Balanced Mixed-Use Asset - (5) Spacious 2-Bedroom Apartments + (1) Street Level Retail Space
  • Value-Add Opportunity with 19% Rental Upside
  • (6) Off-Street Parking Spaces
  • Located in a Qualified Opportunity Zone (QOZ)

OVERVIEW

Marcus & Millichap is pleased to present the compelling value-add, mixed-use investment opportunity located at 1232 30th Street in San Diego, California. The property features a well-balanced combination of residential and retail income streams, consisting of five apartment units, all configured as two-bedroom/one-bath residences, along with one street-level retail space. This unit mix offers investors diversified cash flow and long-term upside potential. Complementing the unit mix are six off-street parking spaces, a valuable amenity that enhances tenant demand and supports both the residential and commercial components of the asset. Located in the highly sought-after Golden Hill neighborhood adjacent to South Park, the property benefits from a central, urban setting with proximity to employment centers, dining, retail, and recreational amenities. This location supports strong rental demand, low vacancy risk, and long-term appreciation. Overall, the property’s combination of a prime neighborhood, mixed-use configuration, and clear upside potential makes this offering an attractive opportunity for investors seeking both current income and future growth.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$444 USD /SF

# OF UNITS

6

PRICE/UNIT

$316,667

CAP RATE

4.66%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,565 SF

ZONING

GH-CN, San Diego

APN/PARCEL ID

539-473-02

ASK ABOUT THIS PROPERTY

Ben SierpinaMarcus & MillichapMore Info
858-775-9825

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Ben SierpinaMarcus & MillichapMore Info
858-775-9825

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.