4254 Highland Ave - Apartments FOR SALE


San Diego, CA 92115- Teralta East
$2,100,000 USD
619-379-3337
4254 Highland Ave, San Diego, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

4254 Highland Ave
San Diego, CA 92115
Teralta East


HIGHLIGHTS

  • Desirable San Diego Location: Positioned in the College Grove/Talmadge area with high walkability to schools, retail, and transit.
  • Recent Capital Expenditures: The building features a newer roof, a brand-new 100-gallon water heater, and various interior unit improvements.
  • Solid Financials: The property is offered at a 5.10% current capitalization rate and generates a current Net Operating Income of $106,092.50.
  • Value-Add Upside: Opportunity to achieve a 5.30% pro-forma capitalization rate and a pro-forma Net Operating Income of $121,569.71.
  • Convenient On-Site Amenities: The property offers 9 dedicated parking spaces and a coin-operated laundry facility for tenant convenience.
  • Excellent Connectivity: Close proximity to the I-15 and I-8 freeways provides seamless access throughout the region.

OVERVIEW

Highland Manor is a two-story, 8-unit apartment building located in the College Grove and Talmadge area of San Diego. Offered at $2,100,000, the property encompasses ±5,694 square feet of building space on a ±0.14-acre lot. The community features a strong mix of one- and two-bedroom floor plans, nine on-site parking spaces, and a coin-operated laundry room. Ownership has recently completed several capital improvements, including a newer roof, a newly installed 100-gallon water heater, and numerous interior upgrades. Situated near Highland Avenue and El Cajon Boulevard, the property provides tenants with exceptional walkability to nearby schools, employment centers, public transportation, and retail amenities, alongside immediate access to the I-15 and I-8 freeways.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$369 USD /SF

# OF UNITS

8

PRICE/UNIT

$262,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highland Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

MR10B

APN/PARCEL ID

471-241-19

ASK ABOUT THIS PROPERTY

Michael GlicksteinPacific Coast CommercialMore Info
619-379-3337

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Michael GlicksteinPacific Coast CommercialMore Info
619-379-3337

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