CBRE is pleased to present 2559 Fairmount, a five-unit building that was renovated in 2019 with significant upside potential in the City Heights neighborhood of San Diego. Built in 1953, this well-maintained apartment building offers in-place rental upside along with the potential for a garage-to-ADU conversion. Located in a transit-friendly area in the City of San Diego, the property sits on the main thoroughfare of Fairmont Ave and is just North of the 94 freeway, offering residents easy access to nearby amenities and surrounding job and entertainment centers.
The unit mix consists of five one-bedroom, one-bathroom units across two buildings. All units feature in-unit washer/dryers along with updated kitchens, bathrooms and flooring. Two single car garages are at the front of the building along with five surface parking spaces.
In 2019 all units underwent an extensive interior and exterior remodel with new kitchens, bathrooms, flooring, appliances, windows, water heaters and new front doors with screen doors. The main sewer line was also replaced in 2024.