Marlborough Arms represents a rare opportunity to acquire a legacy multifamily asset in one of Metro San Diego’s most vibrant rental districts. This unique vintage-style community consists of 11 existing units—six 1-bedroom/1-bath apartments and five 2-bedroom/1-bath apartments—plus nine additional studios currently under city permit review, offering significant value-add potential. The property sits prominently on a 98x135 corner lot with alley access, enhancing both visibility and functionality. Financially, the offering is highly attractive: an assumable first trust deed of $3,000,000 at 5% interest-only payments for 8+ years, complemented by seller financing for a second trust deed with reasonable down payment and terms. Current annual income is approximately $308,300, with upside from the pending studio units and common-area laundry facilities. This combination of stable cash flow and development potential positions Marlborough Arms as a once-in-a-lifetime acquisition for investors seeking long-term growth in a high-demand market. Located in Kensington Heights, the property benefits from a dynamic neighborhood known for its eclectic charm, strong rental demand, and proximity to major employment hubs. Residents enjoy easy access to local dining, retail, and cultural attractions, while investors capitalize on the enduring appeal of vintage architecture paired with modern expansion opportunities.