5826 Lauretta St - Apartments FOR SALE


San Diego, CA 92110- Morena
$2,325,000 USD
619-701-6797
5826 Lauretta St, San Diego, CA for Sale
$2,325,000 USD
Apartments - FOR SALE
1/26
null | 4.3% Cap Rate

5826 Lauretta St
San Diego, CA 92110
Morena


HIGHLIGHTS

  • 1993 construction featuring large condo level quality units
  • Upside in rents through renovation program
  • Tremendous value add opportunity to convert garages into multiple ADU units
  • 7 single car garages plus 6 off street parking spots
  • New roof in 2025

OVERVIEW

Premium USD location, premium product, premium value add and upside potential! 5826 Lauretta is a 1993 construction, condo level quality property. The asset boasts large mostly 2BR 2BA floor plans, with a 3BR also included. The units feature fireplaces in most, balconies, and select units have great views. There is a considerable amount of upside in the rents, making this a great value add investment. A new roof placed in 2025 means a huge expense off the table for the buyer! The significant upside in the property can be found with the 7 single car garages, which can be converted into multiple ADUs, likely 3 at minimum. And the best thing is, there is an additional 6 off street parking spots at the property, meaning a buyer can add units and still retain significant parking. Contact Florian Sighe for more info today! 619-894-3030 | florian@thebrowargroup.com. (Buyer to verify all contained herein to be accurate and true, Seller and Listing Agent/Broker make no representations or warranties)

FOR SALE DETAILS

PRICE

$2,325,000 USD

PRICE/SF

$535 USD /SF

# OF UNITS

5

PRICE/UNIT

$465,000

CAP RATE

4.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1993

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

R4

APN/PARCEL ID

436-412-13

ASK ABOUT THIS PROPERTY

Josh BrowarThe Browar GroupMore Info
619-701-6797

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Josh BrowarThe Browar GroupMore Info
619-701-6797

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