1990 Harrison Ave - Apartments FOR SALE


San Diego, CA 92113- Logan Heights
$1,575,000 USD
858-876-5701
1990 Harrison Ave, San Diego, CA for Sale
$1,575,000 USD
Apartments - FOR SALE
1/14
null | 5.57% Cap Rate

1990 Harrison Ave
San Diego, CA 92113
Logan Heights


HIGHLIGHTS

  • Priced aggressively, under our supported valuation range, for new construction and fully remodeled units in 92113.
  • New construction and remodeled improvements in a 92113 market where much of the inventory is older or more rehab-heavy.
  • Strong in-place rents, with the two new 2BR/1BA units rented at $2,900/month each, helping prove rental capability.
  • Flexible unit mix, including two 2BR/1BA units, a large 1,150 SF “SFR-style” front unit, and a 350 SF 1BR loft.
  • Intentionally vacant units for buyer flexibility, allowing easier showings and optionality for owner-users, investors, or market-rate lease-up.
  • Attractive financial metrics, including approximately $393,750/unit, 12.56 GRM, and a 5.57% current cap rate.

OVERVIEW

1990 Harrison Ave offers a rare opportunity to acquire a newly constructed and extensively remodeled 4-unit property in San Diego’s 92113 market. The property features two newly constructed 2-bedroom / 1-bath units, each approximately 750 square feet and currently rented for $2,900 per month. The new construction units include a roof top deck and owned solar, which was installed as part of the development requirements, helping support long-term operating efficiency. The property also includes a detached 2-bedroom “SFR-style” unit of approximately 1,150 square feet with in-unit laundry, currently vacant, offering immediate flexibility for an owner-user, market-rate tenant, or lease-up opportunity. An additional vacant two-story 1-bedroom loft unit of approximately 350 square feet further enhances the property’s income potential and tenant profile. A dedicated laundry room is located near the duplex portion of the property and serves three of the units, while the spacious 2-bedroom features in-unit hookups. The laundry equipment is owned by the property, and tenants currently do not pay separately to use it. With a mix of new construction, remodeled improvements, strong unit layouts, vacant upside, owned solar, and multiple income streams, 1990 Harrison Ave is well positioned for investors seeking a stabilized asset with additional lease-up potential in a central San Diego location.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$531 USD /SF

# OF UNITS

4

PRICE/UNIT

$393,750

CAP RATE

5.57%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

RM-3-7

APN/PARCEL ID

538-140-13

ASK ABOUT THIS PROPERTY

Christina LabowiczACI ApartmentsMore Info
858-876-5701

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Christina LabowiczACI ApartmentsMore Info
858-876-5701

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