5419 Lauretta St - Apartments FOR SALE


San Diego, CA 92110- Morena
$1,999,000 USD
619-564-6355
5419 Lauretta St, San Diego, CA for Sale
$1,999,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

5419 Lauretta St
San Diego, CA 92110
Morena


HIGHLIGHTS

  • Two 3BD/2BA Units
  • Garage conversion potential

OVERVIEW

Opportunity Knocks! Exceptional investment and development opportunity in a prime San Diego location just minutes from the University of San Diego.? This unique property features two spacious 3-bedroom condominium units situated toward the rear of the lot, providing the rare ability to maintain rental income while exploring future development opportunities.? Ideal for investors, developers, or owner-users seeking long-term upside, the property offers multiple strategies for maximizing value.? Continue collecting income from the existing units, renovate and increase rents, convert the garage into additional living space, or explore potential ADU and redevelopment opportunities.? Buyers are encouraged to review the attached Development Opportunities Analysis and verify all possibilities with the appropriate agencies.? The property's location is a major advantage, offering convenient access to USD, Mission Bay, beaches, downtown San Diego, major freeways, shopping, dining, and employment centers.? Large parcels with existing income and future development potential are becoming increasingly difficult to find in this market.? Whether you're looking to generate cash flow today or capitalize on future growth tomorrow, this property presents a unique opportunity to do both.? Don't miss your chance to acquire a versatile asset in one of San Diego's most desirable and supply-constrained neighborhoods.?

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$961 USD /SF

# OF UNITS

2

PRICE/UNIT

$999,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R-3-7

APN/PARCEL ID

436-551-03-01

ASK ABOUT THIS PROPERTY

Lanz CorreiaColdwell Banker WestMore Info
619-564-6355

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Lanz CorreiaColdwell Banker WestMore Info
619-564-6355

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