3153-55 G St - Apartments FOR SALE


San Diego, CA 92102- Golden Hill
$1,475,000 USD
619-891-0403
3153-55 G St, San Diego, CA for Sale
$1,475,000 USD
Apartments - FOR SALE
1/21
null | 5.53% Cap Rate

3153-55 G St
San Diego, CA 92102
Golden Hill


HIGHLIGHTS

  • 5.53% pro forma cap rate upon lease-up with two brand-new vacant ADUs ready for immediate occupancy.
  • Mix of strong in-place income and value-add upside.
  • Front 4BD/1BA home with opportunity to add a second bathroom (existing plumbing in place).
  • Two newly completed permitted 1BD/1BA ADUs featuring modern finishes, mini-splits, and brand-new appliances.
  • Rear detached 1BD/1BA home with detached garage and rental upside.
  • Gated property with two laundry areas, storage shed, and separately metered gas & electric.

OVERVIEW

We are pleased to present 3153-55 G Street, a four-unit multifamily investment opportunity in San Diego's Grant Hill neighborhood offering immediate lease-up potential and long-term value-add upside. The property features a 4BD/1BA front home with the opportunity to add a second bathroom, two newly constructed 1BD/1BA ADUs (2026) delivered vacant with modern finishes, mini-splits, and brand-new appliances, and a detached 1BD/1BA rear home with a one-car garage and additional rental upside. Additional amenities include owned solar, two laundry areas, separate gas and electric meters, a gated lot, and a storage shed. Conveniently located just minutes from Downtown San Diego, Balboa Park, and major freeways, the property is projected to achieve an estimated 5.53% pro forma cap rate upon lease-up, while still offering meaningful upside through renovation of the existing homes.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$552 USD /SF

# OF UNITS

4

PRICE/UNIT

$368,750

CAP RATE

5.53%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,609 SF

ZONING

RX-1-1

APN/PARCEL ID

545-042-07

ASK ABOUT THIS PROPERTY

Kyle ConnorCompass Real EstateMore Info
619-891-0403

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Kyle ConnorCompass Real EstateMore Info
619-891-0403

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