4069 Goldfinch St - Apartments FOR SALE


San Diego, CA 92103- Mission Hills
$10,500,000 USD
619-300-9070
4069 Goldfinch St, San Diego, CA for Sale
$10,500,000 USD
Apartments - FOR SALE
1/52
null | 3.18% Cap Rate

4069 Goldfinch St
San Diego, CA 92103
Mission Hills


HIGHLIGHTS

  • Condo Quality Construction
  • Rare Mission Hills Opportunity
  • Tremendous Rental Upside
  • 16 Garages = ADU Potential
  • Central Heat/AC, Balconies/Patios, Elevator, Laundry Room, Garages, 4 BBQ Decks

OVERVIEW

Entering the market for the first time, this 21-unit, condo-quality asset in highly desirable Mission Hills presents a rare and compelling investment opportunity. The property offers significant upside potential through multiple value-add strategies: approximately $1,000 per unit in rental upside, the ability to gradually increase rents to market levels, potential conversion of 16 garages into additional income-producing units (subject to approvals), or a full renovation and repositioning to achieve premium market rents. With solid existing income and clear opportunities to enhance revenue, a new owner can implement a strategic plan to substantially increase NOI over time. Residents enjoy a strong amenity package, including secured gated access, 15 open parking spaces, 16 garages, central heating and air conditioning, private balconies or patios, 20 working fireplaces, spacious storage closets, elevator service, an on-site laundry room, and four community BBQ decks—features that support tenant retention and future rent growth. Current rental rates are approximately $1,000 below market per unit, providing immediate and measurable income upside. Ideally located at the end of Goldfinch Street in the heart of Mission Hills, the property benefits from a premier location with consistently strong rental demand and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

21

PRICE/UNIT

$500,000

CAP RATE

3.18%

% 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

2000

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,998 SF

ZONING

RM-3-7

APN/PARCEL ID

444-411-04,444-411-14

ASK ABOUT THIS PROPERTY

Mark MorganSouth Coast Commercial, Inc.More Info
619-300-9070

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Mark MorganSouth Coast Commercial, Inc.More Info
619-300-9070

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