2828 Howard Ave - Apartments FOR SALE


San Diego, CA 92104- North Park
$4,600,000 USD
858-248-1222
2828 Howard Ave, San Diego, CA for Sale
$4,600,000 USD
Apartments - FOR SALE
1/18
null | 4.52% Cap Rate

2828 Howard Ave
San Diego, CA 92104
North Park


HIGHLIGHTS

  • 2024 Luxury Construction with Loft-Style Units
  • Exempt from AB 1482 Rent Control for 13 More Years
  • All Units with Air Conditioning, Washers and Dryers, and Premium Finishes
  • Prime Walkable North Park Location Near Numerous Attractions – Walk Score of 97
  • Select Units with Large Private Patios or Balconies, Communal Roof-Top Deck with Views
  • Attractive Basis for New Construction Apartments

OVERVIEW

CBRE, as exclusive advisor, is pleased to present for sale the Howard Lofts (the “Property”), a luxury 12-unit, new construction, boutique multifamily community located in the heart of San Diego’s Coveted North Park submarket. The Property was completed in 2024 and offers twelve meticulously designed loft-style apartment homes comprised of four (4) studios and eight (8) one bedroom / one bathroom apartments with elevated living in this prime urban infill submarket. The apartment homes were carefully designed to unlock the unit’s full potential by optimizing space and creating easy to live in floor plans with top-of-the-line finishes. North Park continues to attract quality renters seeking a high-end urban living experience, drawn by the neighborhood’s exceptional walkability, vibrant dining and culture scene, and proximity to San Diego’s major employment corridors. Situated within San Diego County, one of the most undersupplied and fundamentally sound rental markets in California, North Park benefits from strong, sustained demand underpinned by persistent housing shortages and favorable demographic trends. 2828 Howard is one of the few boutique new construction multifamily properties offered for sale in North Park, offering a level of design, finish quality, and loft-style living that remains uncommon for small scale urban infill projects. With a Walk Score of 97, the immediate location benefits from a fully amentized neighborhood with parks, retail, an assortment of dining options, and nightlife all within a short walk. The Property offers premium interiors, and a boutique identity that resonates with today’s discerning renter, this asset is exceptionally well-positioned to capture ongoing demand and rental upside, representing a rare, core investment opportunity in a high-barrier-to-entry market with durable long-term fundamentals.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$459 USD /SF

# OF UNITS

12

PRICE/UNIT

$383,333

CAP RATE

4.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

RM 3-9

APN/PARCEL ID

445-432-09

ASK ABOUT THIS PROPERTY

Nate PepperCBREMore Info
858-248-1222

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Nate PepperCBREMore Info
858-248-1222

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