2868 Preece St - Apartments FOR SALE


San Diego, CA 92111- Linda Vista
$2,250,000 USD
858-761-2529
2868 Preece St, San Diego, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/14
null | 5.38% Cap Rate

2868 Preece St
San Diego, CA 92111
Linda Vista


HIGHLIGHTS

  • Rare newly built luxury asset with an ideal location in the heart of San Diego
  • High demand unit mix comprised of one-bedroom units
  • Sleek, modern interiors featuring quartz countertops, luxury vinyl flooring, stainless-steel appliances, and in-unit washers and dryers
  • Proximate to the beach communities and Tier 1 employment centers such as, Downtown San Diego, UTC, Mission Valley, and Kearny Mesa
  • Drought tolerant landscaping, energy efficient lighting, and rooftop solar
  • Hassle-free ownership with low operating costs and maintenance requirements

OVERVIEW

We are pleased to present “Majestic at Preece” a newly constructed six-unit multifamily community located in the highly accessible Linda Vista neighborhood of San Diego. This sleek boutique property offers a compelling combination of high-quality construction, modern interiors, and stable rental demand—all within one of San Diego’s most strategically positioned submarkets. Completed in 2025, Majestic at Preece consists of six (6) one-bedroom/one-bathroom units ranging from approximately 440 to 624 square feet. Each unit features a thoughtfully designed layout to maximize living space and functionality for today’s urban renter. Interiors feature plenty of natural sunlight and are appointed with 10-foot ceilings, oversized windows, premium designer fixtures and finishes, quartz countertops, wood cabinetry, stainless-steel appliances, luxury vinyl-plank flooring, custom tile shower enclosures, ample closet space, recessed and pendant lighting, ceiling fans, split-level HVAC systems, and in-unit washers and dryers. Additionally, the property is located in a low-density residential neighborhood with ample street parking available for all tenants. Centrally located just minutes from the University of San Diego (USD), Mission Valley, the Morena Corridor, and major transportation routes (I-5 & I-8), “Majestic at Preece” bene?ts from excellent connectivity and tenant accessibility. The property is ideally suited for students, professionals, and residents seeking convenient access to education, employment, and lifestyle amenities. With off-street parking, minimal operational complexity, and potential for future enhancements such as accessory storage or shared amenities, “Majestic at Preece” represents a rare opportunity to acquire a low-maintenance, income-producing asset in one of San Diego’s most resilient rental markets.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$1,803 USD /SF

# OF UNITS

6

PRICE/UNIT

$375,000

CAP RATE

5.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

431-651-06

ASK ABOUT THIS PROPERTY

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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