5011 Auburn Dr - Apartments FOR SALE


San Diego, CA 92105- Chollas Creek
$2,025,000 USD
858-729-3094
5011 Auburn Dr, San Diego, CA for Sale
$2,025,000 USD
Apartments - FOR SALE
1/13
null | 4.61% Cap Rate

5011 Auburn Dr
San Diego, CA 92105
Chollas Creek


HIGHLIGHTS

  • Attractive Price Per Unit
  • Rental Upside
  • Two Legal Adjoining Parcels
  • Ability to Lock In 30 Yr Fixed Financing on 1 Parcel
  • 33,000+ Sq Ft Lot
  • Located In An Opportunity Zone

OVERVIEW

5011–15 Auburn Drive is a 9-unit multifamily property in San Diego’s rapidly developing City Heights neighborhood. Spanning over 33,000 sq ft across two legal parcels, the property features three buildings: two 2-story fourplexes with 1 bed/1 bath units, and a detached single-level 2 bed/1 bath home. The property includes a free-standing garage with potential for an ADU conversion, as well as an additional owner’s storage shed that also offers the possibility of conversion into another ADU (buyer to verify all). Ample parking includes 4 open spaces, 4 tandem spots, and a long driveway with a garage accommodating up to 4 vehicles. A common coin-operated laundry room provides added convenience for residents. With the ability to secure 30 year fixed residential financing on one parcel, this investment offers a rare opportunity to unlock long-term potential in a high-demand rental market. The two legal parcel also provide an added exit strategy, allowing an investor to sell the parcels individually if desired. Don’t miss this competitively priced investment—perfect for repositioning and long-term growth.

FOR SALE DETAILS

PRICE

$2,025,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

9

PRICE/UNIT

$225,000

CAP RATE

4.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,812 SF

ZONING

RS-1-7

APN/PARCEL ID

471-800-28-00,471-800-29-22

ASK ABOUT THIS PROPERTY

Cody EvansSouth Coast Commercial, Inc.More Info
858-729-3094

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Cody EvansSouth Coast Commercial, Inc.More Info
858-729-3094

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