Central San Diego Portfolio Multi-Family FOR SALE


San Diego, CA - Fairmont Village
$6,850,000 USD
925-872-6746
, San Diego, CA for Sale
$6,850,000 USD
Multi-Family - FOR SALE
1/14
null | 5.57% Cap Rate

Central San Diego Portfolio
San Diego, CA
Fairmont Village


OVERVIEW

Commercial Asset Advisors is pleased to present the Central San Diego Portfolio, a unique opportunity to acquire 30 units across three proximate multifamily assets in one of San Diego’s most consistent and affordable workforce housing markets. Collectively, the offering provides immediate scale, strong in-place 10.78 GRM income, and multiple value-add levers including lot densification, while providing flexible exit strategies for multiple capital pools. The portfolio offers immediate upside with select units delivered vacant, immediately available rent increases, and oversized double & triple lots on two of the assets allowing for development of additional units. All three properties offer 1:1 parking ratios or better, a key competitive advantage that supports rent growth, tenant retention, and future redevelopment flexibility. The portfolio features a mix of Studios with mid-size yards, 1 Bedroom units, 2 Bedroom units, and even a detached 3BR house, appealing to a broad renter profile and supporting long-term occupancy stability. 10 of the existing 30 units have been renovated. Upside driven by: • Mark-to-market rent increases • Interior renovations on select units • Utility billback implementation • Unutilized On-site Laundry Facilities • Ancillary income (parking, laundry, pet rent) • Operational efficiencies driven by professional property management • Development of Additional Units on Oversized Lots The portfolio is located in an affordable but demanded Central San Diego rental corridor with 5-10 minute access to: • Mission Beach / Ocean Beach / Balboa Park / Coronado Island • Downtown San Diego / North Park / Mission Valley • SDSU, USD, Major Employment hubs • I-15, I-805, I-8, SR-94

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Maxwell BrownCommercial Asset AdvisorsMore Info
925-872-6746

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Maxwell BrownCommercial Asset AdvisorsMore Info
925-872-6746

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