For buyers focused on stable in-place returns, the property’s current cap rate supports pricing in income and in recent comparable sales on a price-per-unit basis. Within the 92116 submarket, the asset distinguishes itself through an exceptionally strong and rare unit mix: six 2-bedroom / 1-bath units and two 1-bedroom / 1-bath units—an uncommon configuration for an 8-unit property in this area. Five of the eight units have been professionally upgraded, SB 721 inspections are complete, and the property has been professionally managed and maintained to support strong rents and a high-quality tenant profile. Recent capital improvements include replacement of the front concrete parking lot as well as updates to sub-panels and breakers.
Two bedroom units consistently outperform in tenant demand, retention, and rent stability, reducing turnover risk while supporting higher effective rents. As a result, the income profile is both durable and defensible. When evaluated alongside competing offerings, buyers should naturally gravitate toward this properties combination of in-place cap rate performance and functional layouts, as these factors remain primary decision drivers for acquisitions in this submarket.