5055 73rd St - Apartments FOR SALE


San Diego, CA 92115- College East
$11,750,000 USD
858-761-2529
5055 73rd St, San Diego, CA for Sale
$11,750,000 USD
Apartments - FOR SALE
1/58
null | 5.38% Cap Rate

5055 73rd St
San Diego, CA 92115
College East


HIGHLIGHTS

  • Desirable mix of spacious one- and two-bed/two-bathroom units that average over 800 sq ft.
  • Prime College East location (92115) with immediate access to Interstate 8, SDSU, Downtown San Diego, and major retail centers
  • Abundant off-street parking for tenants
  • Well-designed floorplans with large layouts, private outdoor space, and abundant natural light
  • Attractive community amenities including gated entry, pool courtyard, on-site laundry, assigned parking, and on-site management
  • Lifestyle-Oriented Location near Mission Trails, Cowles Mountain, and Lake Murray offering outdoor recreation and long-term tenant appeal

OVERVIEW

We are pleased to present The Molokai Apartments, a 39-unit multifamily community located at 5055 73rd Street in San Diego. Situated in the vibrant College East neighborhood, the property benefits from its prime location just off Interstate 8, providing convenient access to Downtown San Diego, San Diego State University, and a wide range of nearby retail and dining options, including College Plaza and the Aztec Shopping Center. The property features a well-balanced unit mix comprised of twenty-seven (27) one-bedroom/one-bathroom units, twelve (12) two-bedroom/two-bathroom units, and one (1) non-conforming studio unit, offering broad appeal to students, young professionals, and long-term residents. The apartment homes are designed with spacious layouts, including expansive living areas, oversized bedrooms, floor-to-ceiling windows for abundant natural light, private patios or balconies, and ample closet and storage space, enhancing overall livability and tenant retention. The Molokai Apartments offers a well-maintained, amenity-rich community environment, highlighted by a gated entry, landscaped courtyard, and a resort-style pool area. Additional features include on-site laundry facilities, assigned parking, and responsive on-site management, contributing to operational efficiency and resident satisfaction. The property is also pet-friendly, further expanding its renter appeal. Residents enjoy proximity to outdoor recreation, including Mission Trails Regional Park, Cowles Mountain, and Lake Murray, reinforcing the property’s strong lifestyle offering. With its strategic location, attractive unit mix, and desirable community amenities, The Molokai Apartments represents a compelling opportunity to acquire a stable, income-producing asset in one of San Diego’s most active and consistently performing rental submarkets.

FOR SALE DETAILS

PRICE

$11,750,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

39

PRICE/UNIT

$301,282

CAP RATE

5.38%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Molokai Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

R3

APN/PARCEL ID

469-100-25

ASK ABOUT THIS PROPERTY

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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