4781 Cereza St - Apartments FOR SALE


San Diego, CA 92102- Lincoln Park
$4,190,000 USD
858-945-7094
4781 Cereza St, San Diego, CA for Sale
$4,190,000 USD
Apartments - FOR SALE
1/17
null | 5.7% Cap Rate

4781 Cereza St
San Diego, CA 92102
Lincoln Park


HIGHLIGHTS

  • 11 units span over three floor plans: (3) 1BD/1BA, (4) 2BD/1BA, and (4) 2BD/2BA
  • Exempt from AB 1482 rent control and San Diego TPO
  • Quartz countertops, stainless steel appliances, and contemporary interiors
  • Gated-access residential setting with guest parking
  • In-unit laundry in every residence
  • Private balconies in select residences with neighborhood and city views

OVERVIEW

Located in the vibrant Lincoln Park neighborhood of San Diego, this fully renovated 11-unit apartment community offers investors a stabilized, turnkey asset in one of the city's strongest rental submarkets. Completed in 2023 with additional improvements finalized in 2025, the approximately 8,380-square-foot property features modern construction, contemporary building systems, and minimal ongoing maintenance requirements. The community offers an efficient mix of three one-bedroom/one-bathroom units, four two-bedroom/one-bathroom units, and four two-bedroom/two-bathroom units, with floor plans ranging from approximately 525 to 886 square feet. Situated on a 0.23-acre site, the property delivers a low-maintenance investment with quality in-place tenants and strong operating performance. Each residence features open-concept living areas, shaker-style cabinetry, stainless steel appliances, hardwood-style flooring, designer interior finishes, in-unit laundry, and energy-efficient mini-split heating and air conditioning systems. Select units also offer walk-in closets, private balconies with neighborhood and city views, and abundant natural light. The gated, smoke- and vapor-free community includes secured pedestrian and vehicle access, designated on-site parking, and modern infrastructure designed for long-term durability. With immediate access to Downtown San Diego, major freeways, employment centers, shopping, dining, and public transit, the property combines stable cash flow, minimal capital expenditure requirements, and long-term appreciation potential in one of San Diego's most active multifamily markets.

FOR SALE DETAILS

PRICE

$4,190,000 USD

PRICE/SF

$500 USD /SF

# OF UNITS

11

PRICE/UNIT

$380,909

CAP RATE

5.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,810 SF

ZONING

RM-2-5

APN/PARCEL ID

547-323-05

ASK ABOUT THIS PROPERTY

Aaron BoveColliersMore Info
858-945-7094

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Aaron BoveColliersMore Info
858-945-7094

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