2048 N Highland Ave - Apartments FOR SALE


San Diego, CA 92113- Shelltown
$1,450,000 USD
619-701-6797
2048 N Highland Ave, San Diego, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/26
null | 5.6% Cap Rate

2048 N Highland Ave
San Diego, CA 92113
Shelltown


HIGHLIGHTS

  • By far best price new construction multifamily on the market!
  • $110k gross rents extremely rare for price point and on 3 units
  • Great unit mix of townhome style 2BR 2.5BA units
  • Parking on site, AC in all bedrooms and living rooms, washer/dryer in unit and more!

OVERVIEW

BEST PRICED NEW CONSTRUCTION ON THE MARKET! Sub $1.5M for a 3 unit new build simply does not exist! Owner occupants, first time investors, portfolio buyers - there is something for everyone. At a 5.6 in place cap rate and 6.6 market cap, this 3 unit yields the best cash flow available to buyers for new builds or even in general. The property yields an amazing mix of all 2BR 2.5BA townhome style units. Off street parking includes a two car garage, and select units enjoy outdoor space including an oversized deck. Step inside and revere tasteful, custom upgrades not seen in most traditional new builds quickly saturating the market. With the beautiful product and a thoughtful design throughout, investors and owner occupants will reap all benefits possible. DO NOT GO ON THE PROPERTY, TENANTS UNAWARE OF SALE. BUYER TO VERIFY ALL HEREIN TO BE ACCURATE AND TRUE. CONTACT AGENT FOR MORE IMPORTANT INFO REMAINING SALE PROCESS. - Florian Sighe - 408-505-1448 - florian@thebrowargroup.com

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$557 USD /SF

# OF UNITS

3

PRICE/UNIT

$483,333

CAP RATE

5.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3u New Construction On Highland and Division

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

551-563-17-00

ASK ABOUT THIS PROPERTY

Josh BrowarThe Browar GroupMore Info
619-701-6797

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Josh BrowarThe Browar GroupMore Info
619-701-6797

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