339-222-3361
2120 Mission Ave, San Diego, CA for Sale
Apartments - FOR SALE
1/22
null | Request Cap Rate

2120 Mission Ave
San Diego, CA 92116
University Heights


HIGHLIGHTS

  • Upgraded Electrical
  • Remodeled Interiors
  • New Roof
  • Highly Walkable Location

OVERVIEW

South Coast Commercial is pleased to present Mission Chateau Apartments, a rare opportunity to acquire a 27-unit multifamily asset in the highly coveted University Heights neighborhood. The property features a diverse unit mix comprising 12 two-bedroom/two-bathroom units, 5 one-bedroom/one-bathroom units, and 10 studios designed to capture a wide range of the San Diego rental market, from young professionals to established small households. With a Walk Score of 92, demand remains consistently strong as tenants are just blocks away from the vibrant dining and nightlife corridor of Park Boulevard and the expansive recreation of Balboa Park. Beyond the traditional revenue, the investment is bolstered by a significant and stable non-rental income stream. A long-term antenna lease currently generates approximately $2,618 per month($31,416 annually), providing a unique cushion of pure passive income that enhances the net operating income.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

27

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mission Chateau Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,286 SF

ZONING

C-6

APN/PARCEL ID

445-142-09

ASK ABOUT THIS PROPERTY

Brendan FlynnSouth Coast Commercial, Inc.More Info
339-222-3361

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Brendan FlynnSouth Coast Commercial, Inc.More Info
339-222-3361

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