2368 Soto St - Apartments FOR SALE


San Diego, CA 92107- Point Loma Heights
$1,950,000 USD
858-461-9910
2368 Soto St, San Diego, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/7
null | 3.87% Cap Rate

2368 Soto St
San Diego, CA 92107
Point Loma Heights


HIGHLIGHTS

  • 2 Detached 3BR/2BA Homes w/ Attached 2-Car Garages. Well Below the Average Sales Price for Detached 3BR Homes in Ocean Beach
  • Built in 2000 – Newer Construction on a 6,716 SF Lot
  • Separately Metered for SDG&E & Water – Tenants Pay All Utilities
  • Fireplace in Each Home & One Home Features a Private Fenced Yard
  • Under-Market, Month-to-Month Rents with ADU & Lot Split Potential (Buyer to Verify)
  • Directly Across from Collier Park in Prime Ocean Beach

OVERVIEW

2368–2370 Soto Street presents a rare opportunity to acquire two detached 3-bedroom / 2-bath homes in the heart of Ocean Beach. Built in 2000, the property offers newer construction, an excellent unit mix, and a highly desirable coastal location. Situated on a 6,716 square foot lot, each residence features an attached two-car garage, fireplace, and separate SDG&E and water metering, with tenants paying all utilities. One home also includes a private fenced yard, helping create strong tenant appeal and minimize operating expenses. Both units are occupied on month-to-month leases with below market rents, providing investors the opportunity to increase rental income over time while also offering potential future ADU or development opportunities (buyer to verify). Ideally located directly across from Collier Park and just minutes from the beach, Newport Avenue, Sunset Cliffs, and Downtown San Diego, the property combines stable in-place income, rental upside, and long-term appreciation potential in one of San Diego's most sought after coastal neighborhoods.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$887 USD /SF

# OF UNITS

2

PRICE/UNIT

$975,000

CAP RATE

3.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2- 3br/2bt Houses w/ Garages/ Ocean Beach

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,787 SF

ZONING

RM-1-1

APN/PARCEL ID

448-702-24

ASK ABOUT THIS PROPERTY

858-461-9910

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858-461-9910

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