740 Cotton St - Multi-Family FOR SALE


San Diego, CA 92102- Chollas View
$3,225,000 USD
858-761-2529
740 Cotton St, San Diego, CA for Sale
$3,225,000 USD
Multi-Family - FOR SALE
1/19

740 Cotton St
San Diego, CA 92102
Chollas View


HIGHLIGHTS

  • Luxury turnkey investment featuring newly constructed units exempt from rent control measures (AB-1482) with NO deed restrictions
  • Boasts a desirable unit mix primarily comprised of large three-bedroom floor plans
  • Premium designer fixtures and finishes that are unrivaled in the submarket, in-unit washers & dryers, split level HVAC systems and private patios
  • Owned solar energy system and fire sprinklered units reducing utility cost to tenants and insurance cost to owner
  • Excellent location! Only a 10-minute drive from downtown San Diego (a Tier 1 employment center), and 2- miles from Naval Base San Diego
  • Convenient access to Interstates -805, -15, & -5 and the 94 freeway, connecting residents to San Diego’s downtown, UC San Diego, and Mission Valley

OVERVIEW

We are pleased to present 740 Cotton Street, a newly constructed and fully renovated 7-unit asset in the Southeast San Diego, CA. The property, built in 2025, features six (6) newly constructed units behind one fully renovated single family home. The property’s unit mix is comprised of four (4) three-bedroom / two-bathroom units, one (1) two-bedroom / two-bathroom unit, one (1) one-bedroom / one-bathroom floorplan, and one fully renovated 3-bedroom / two-bathroom single family residence. Property includes an owned solar energy system and fire sprinklered units, reducing utility cost to tenants and insurance cost to owner. Additionally, the property does NOT have any affordable or deed restricted units which are commonly found at similar infill development sites throughout the city! The project’s construction design is luxurious and contemporary with the finished product being superior in quality and kind to all other inventory within the submarket. Interiors are well appointed with wood cabinetry, stainless steel appliances, luxury vinyl plank flooring, HVAC systems, in-unit washer & dryers, and stylish finishes throughout. With quick access to interstates -805, -15, & -5 and the 94 freeway, tenants have easy access to major job nodes within San Diego County including Downtown San Diego, Mission Valley, Military bases, East County, and Kearny Mesa. The Chollas View community is rich in cultural heritage, and burgeoning potential, and the asset is ideally located less than two miles away from the heart of Downtown San Diego, a Tier-1 employment center. A new Community Master Plan was recently adopted that aims to strengthen residents and businesses in the Greater Southeast San Diego neighborhoods. Coupled with an overall well-designed economic expansion of Downtown San Diego, the new community plan will bring major positive implications in the submarket over the next few decades. As major economic milestones are being reached, nearby demand for the submarket continues to increase, presenting investors with the opportunity to capture market rental momentum. Notably, the DoD significantly increased basic housing allowances for active-duty Sailors in San Diego to combat rising housing costs. With so many positives, 740 Cotton Street provides investors with the rare opportunity to purchase a turn-key asset poised to provide meaningful returns for generations.

FOR SALE DETAILS

PRICE

$3,225,000 USD

# OF UNITS

7

PRICE/UNIT

$460,714

CAP RATE

5.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

740 Cotton Street

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

547-050-31

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 Policy.