1644 Grove St - Apartments FOR SALE


San Diego, CA 92102- South Park
$2,900,000 USD
415-250-4947
1644 Grove St, San Diego, CA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/21
null | 5.06% Cap Rate

1644 Grove St
San Diego, CA 92102
South Park


HIGHLIGHTS

  • Completely renovated 6-unit building, featuring new kitchens, bathrooms, appliances, lighting, flooring, mini-splits, and in-unit laundry
  • Full building infrastructure replacement, including all new plumbing lines, drain stacks, mainline ABS, new hot water heater, and recirculating system
  • Prime South Park location near Balboa Park, restaurants, boutique retail, and major San Diego attractions—highly desirable for renters
  • Turnkey cash-flowing asset with a current cap rate of 5.06% and market monthly income estimated at $18,470.

OVERVIEW

1644 Grove Street is a fully remodeled six-unit apartment building in the heart of South Park, one of San Diego’s most desirable and walkable neighborhoods. Each spacious 2BR/1BA unit has been upgraded with high-end kitchens, modern bathrooms, new flooring, mini-splits, in-unit laundry, and premium fixtures throughout. With all plumbing, decking, and mechanical elements newly replaced, the property offers a turnkey investment opportunity with strong cash flow and minimal maintenance needs. This is a rare chance to own a premium asset in a supply-constrained rental market.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$644 USD /SF

# OF UNITS

6

PRICE/UNIT

$483,333

CAP RATE

5.06%

% LEASED

100%

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

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R2A, Imperial Beach

APN/PARCEL ID

539-302-14

ASK ABOUT THIS PROPERTY

Benn VogelsangNorthmarqMore Info
415-250-4947

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Benn VogelsangNorthmarqMore Info
415-250-4947

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