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$ 4,550,000
Est. payment | /mo
5 Beds
4 Baths
8,380 SqFt
$ 4,550,000
Est. payment | /mo
5 Beds
4 Baths
8,380 SqFt
Key Details
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 8,380 sqft
Price per Sqft $542
MLS Listing ID 250036871
Bedrooms 5
Property Sub-Type Com-Res Income
Property Description
Located in the vibrant Lincoln Park neighborhood of San Diego, this fully renovated 11-unit apartment community offers investors a stabilized, turnkey asset in one of the city's highest-demand rental corridors. Originally constructed in 2023 and recently updated in 2025, the 8,380 SF property showcases contemporary design, modern infrastructure, and efficient layouts across a desirable unit mix of one and two-bedroom apartments. Sited on a 0.23-acre lot, the property delivers a clean, low-maintenance investment with quality in-place tenants and minimal near-term capital needs. Recent upgrades include new kitchens, bathrooms, flooring, and building systems, creating long-term durability and appeal. With strong operating income and competitive cost per square foot, this asset offers immediate yield with long-term appreciation potential. Market Overview: Lincoln Park is a dynamic and evolving submarket within central San Diego, offering excellent connectivity to major employment hubs including Downtown, National City, and the rapidly expanding Mid-City corridor. The area has experienced consistent rent growth and limited new supply, supported by ongoing revitalization efforts, infrastructure improvements, and proximity to public transportation. Its affordability relative to nearby neighborhoods continues to attract tenants seeking quality housing with urban accessibility.
Location
State CA
County San Diego
Area Metro Central
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Others
Tax ID 547-323-05-00
Special Listing Condition Other/Remarks
Listed by Aaron Bove Marcus & Millichap
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Dave Kaushagen
REALTOR® | Lic# 01905660