5752-5758 Riley St - Apartments FOR SALE


San Diego, CA 92110- Morena
$2,750,000 USD
858-775-9825
5752-5758 Riley St, San Diego, CA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/10
null | 3.69% Cap Rate

5752-5758 Riley St
San Diego, CA 92110
Morena


HIGHLIGHTS

  • Well Balanced Unit Mix Consisting of 2-Bedrooms, 1-Bedrooms and Studios.
  • Rarely Traded Morena Submarket - Across the Street from University of San Diego.
  • Value-Add Opportunity with 22% Renovation Upside .
  • Prime Central Location - Minutes to Mission Bay, Old Town, USD, Downtown San Diego and More.

OVERVIEW

The property offers investors the ability to capitalize on San Diego’s constrained housing supply and favorable long-term fundamentals through strategic unit renovations, operational efficiencies, and continued rental growth. Through these upgrades, there is a clear path to increase the NOI by 46.9% and bring rents to current market levels. The unit mix and location is well suited for a broad tenant base including young professionals, students, military personnel, and long term residents seeking convenient access to major freeways, retail amenities and coastal recreation. The Morena neighborhood continues to experience strong investor interest due to its central location and accessibility to the region’s top lifestyle and employment destinations. Positioned minutes from Mission Bay and Pacific Beach, the area attracts a diverse renter demographic seeking affordability relative to nearby coastal communities without sacrificing convenience. Residents benefit from proximity to shopping, dining, entertainment, public transportation, and outdoor recreation, making 5752 Riley Street a compelling long-term investment opportunity in one of Southern California’s most resilient apartment markets.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$601 USD /SF

# OF UNITS

8

PRICE/UNIT

$343,750

CAP RATE

3.69%

% 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

8

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

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Ben SierpinaMarcus & MillichapMore Info
858-775-9825

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