1644 Grove St 6 Unit Apartment Building $4,186,364 CAD ($697,727 CAD/Unit) 4.86% Cap Rate San Diego, CA 92102

1644 Grove Street is a fully remodeled 6-unit apartment building located in the South Park neighborhood in San Diego. The property boasts a strong unit mix of all 2 bedroom / 1 bathroom units. All units have new high-end kitchens, bathrooms, flooring, canned lighting, appliances, dishwashers, mini-splits, and in-unit laundry equipment. All plumbing was replaced in the building including all new hot/cold water lines, drain stacks, and the mainline was replaced with ABS from the slab. There is a new hot water heater and new recirculating line as well. The deck was also full re-framed and there is a new deck coating. This property offers a turnkey investment to an investor looking for a high end asset in a neighborhood with a limited rental supply.
South Park is a historic, walkable neighborhood in San Diego known for its tree-lined streets, Craftsman and Spanish Colonial Revival homes, and vibrant local business district along 30th and Fern Streets. Adjacent to Balboa Park, it offers a blend of residential charm and urban convenience, with a strong sense of community and a variety of restaurants, shops, and bars. It's also famous for its annual South Park Walkabout, a quarterly event that showcases the neighborhood's local businesses and community spirit.
Nearby attractions include Balboa Park. Balboa Park has one of the original disc golf courses in the world. Only a few miles from the San Diego International Airport, San Diego Harbor, Coronado Beaches, beautiful Downtown San Diego, and directly across from the San Diego Zoo, this makes Morley Field a destination with a personality all its own.
In addition to disc golf, an archery range is located in the sports complex with events run by San Diego Archers. The Morley Field cross country running course is a 1.5-mile course in the Morley Field Sports Complex. The Foot Locker Cross Country Championships are held here. The San Diego State Aztecs women's cross country team hosts meets at the course. The sports complex offers multi-purpose ballfields, used for baseball, softball and Tee-ball. The San Diego Velodrome is a banked 0.2 mile oval track cycling race track constructed in 1976. The Balboa Park Golf Complex contains a public 18-hole golf course and 9-hole executive course. There are two separate facilities dedicated to lawn bowling: one each for bocce and pétanque. The bocce courts are located at the northeast portion of the sports complex. The Petanquedrome sits next to the east side of Bud Kearns Memorial Pool. The pool has 12 swimming lanes at a length of 44 yards and is ideal for water polo. Maureen Connolly Brinker Stadium, a 1,500 seat tennis stadium, anchors the Balboa Tennis Club, which includes 24 additional hard courts and other amenities.