5752-5758 Riley St - Apartments FOR SALE


San Diego, CA 92110- Morena
$2,500,000 USD
858-775-9825
5752-5758 Riley St, San Diego, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/13
null | 4.19% Cap Rate

5752-5758 Riley St
San Diego, CA 92110
Morena


HIGHLIGHTS

  • Prime Central Location - Minutes to Mission Bay, Old Town, USD, Downtown San Diego and More
  • Rarely Traded Morena Submarket - Across the Street from University of San Diego.
  • Value-Add Opportunity with 22% Renovation Upside
  • Various Capital Improvements Including Dual Pane Vinyl Windows and Passed SB721 Inspection

OVERVIEW

PRICE REDUCED Marcus & Millichap is pleased to present the exclusive listing for 5752-58 Riley Street, an 8-unit value-add investment opportunity located in the highly desirable Morena submarket of San Diego, California. Originally constructed in 1958, the property offers classic architectural character featuring a pitched roof, low-maintenance common areas, and updated dual-pane vinyl windows installed throughout the building. The 4,574-square-foot property is situated on a 4,976 SF lot and consists of a diverse unit mix featuring (2) studios, (4) 1-bedroom / 1-bathroom units, and (2) 2-bedroom / 1-bathroom units. This specific unit mix caters perfectly to a broad urban tenant base, providing highly efficient layouts, including 1-bedroom floor plans that offer 76 more square feet of living space than nearby new construction, remaining consistently attractive to renters in the submarket. Current ownership has kept up on maintenance and completed a variety of capital improvements including LVP flooring, dual-pane vinyl windows in all units and passed SB721 inspection. Tenants amenities include on-site laundry, (5) off-street parking spaces and partial views of Mission Bay/Point Loma in select units. Do no walk the property or disturb tenants. Contact Listing Broker for Offering Memorandum.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$547 USD /SF

# OF UNITS

8

PRICE/UNIT

$312,500

CAP RATE

4.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riley Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

RM-3-7, San Diego

APN/PARCEL ID

436-581-13

ASK ABOUT THIS PROPERTY

Ben SierpinaMarcus & MillichapMore Info
858-775-9825

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

Ben SierpinaMarcus & MillichapMore Info
858-775-9825

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