3018 44th St - Apartments FOR SALE


San Diego, CA 92105- Swan Canyon
$2,200,000 USD
619-277-5474
3018 44th St, San Diego, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

3018 44th St
San Diego, CA 92105
Swan Canyon


OVERVIEW

8-Unit Value-Add Opportunity in San Diego's City Heights. All eight units are 1-bedroom/1-bathroom with a dedicated parking space and on-site laundry. Current rents are below market rates. Recent capital improvements include a full move-out renovation on Unit 3 (paint, cabinets, new locks, medicine cabinet, faucet), new stoves in Units 5, 8, and 9. Recent capital improvements also include a new water heater and gas valve (10/2024), a new kitchen sink in Unit 1, and new blinds, screens, and a vent hood in Unit 8. Property-wide, a completed SB721 inspection report and new rear fencing (02/2026) add peace of mind for the next owner. City Heights is one of San Diego's oldest and most storied neighborhoods, platted in the 1880s and briefly its own incorporated city East San Diego from 1912 to 1923 before merging back into San Diego. Today it's one of the city's most walkable and diverse communities, with strong, consistent rental demand. The property sits directly across Fairmount Ave from Azalea Park, and is close to schools, shopping, and dining. Quick access to both the I-805 and SR-15 freeways puts Balboa Park about 10 minutes away and SDSU about 15 minutes away.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$637 USD /SF

# OF UNITS

8

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8-Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,374 SF

ZONING

R-4:Multiple Residential

APN/PARCEL ID

476-291-21

ASK ABOUT THIS PROPERTY

Luda PhippsLuda Phipps, BrokerMore Info
619-277-5474

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

Luda PhippsLuda Phipps, BrokerMore Info
619-277-5474

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