1901-1911 Morena Blvd - Apartments FOR SALE


San Diego, CA 92110- Bay Park
$3,300,000 USD
619-226-6011
1901-1911 Morena Blvd, San Diego, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/8
null | 2.72% Cap Rate

1901-1911 Morena Blvd
San Diego, CA 92110
Bay Park


HIGHLIGHTS

  • Great Location
  • Renovated Units
  • Development Potential
  • Strong Upside in Rental Income
  • Mixed Use Zoning CC-4-2
  • Great Condition, Easy to Manage

OVERVIEW

Situated on a prominent corner lot in the desirable Bay Park neighborhood, 1901–1911 Morena Blvd offers a rare opportunity to acquire a seven-unit apartment building with significant upside potential. Each unit boasts a unique layout, with most having undergone renovations over the years, including the installation of vinyl windows. The property features a newly constructed concrete parking lot, providing 14 off-street parking spaces—a valuable amenity in this high-demand area. Located within the CC-4-2 zoning designation, the property allows for a variety of residential and commercial uses, presenting potential redevelopment opportunities. Its prime location offers easy access to major freeways (I-5 and I-8), public transportation, and is just minutes from the University of San Diego, Mission Bay Park, Tecolote Canyon Natural Park, and a variety of dining and shopping options along Morena Blvd. This asset is ideal for investors seeking stable income with long-term growth prospects in one of San Diego's most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$692 USD /SF

# OF UNITS

7

PRICE/UNIT

$471,429

CAP RATE

2.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,496 SF

ZONING

60

APN/PARCEL ID

430-731-05

ASK ABOUT THIS PROPERTY

Brian NelsonSouth Coast Commercial, Inc.More Info
619-226-6011

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Brian NelsonSouth Coast Commercial, Inc.More Info
619-226-6011

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