Exceptional 8-unit investment opportunity in one of San Diego’s most desirable and walkable neighborhoods — Normal Heights. The property features an ideal unit mix of (5) two-bed/two-bath and (3) one-bed/one-bath apartments, along with 10 off-street parking spaces, a highly sought-after amenity in this dense urban location.
Each apartment includes in-unit laundry, and five of the eight units have been fully remodeled within the past four years, showcasing modern finishes, upgraded kitchens, and stainless steel appliances. The remaining units are in good condition and provide straightforward value-add potential through light renovations.
The property is currently stabilized with strong in-place rents and additional upside through RUBS optimization and market-rate rent adjustments. A Ratio Utility Billing System is already in place, recovering approximately 50% of water expenses. Future ownership can increase RUBS participation and include trash and common-area SDG&E for additional pass-through income.
With immediate cash flow, value-add upside, and durable long-term demand, this property represents a rare opportunity to acquire a turnkey asset with income growth potential in one of San Diego’s strongest rental markets.