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2048 N Highland Ave - 3u New Construction On Highland and Division 3 Unit Apartment Building Offered at $2,019,227 CAD at a 5.60% Cap Rate San Diego, CA 92113
Investment Highlights
- By far best price new construction multifamily on the market!
- Great unit mix of townhome style 2BR 2.5BA units
- $110k gross rents extremely rare for price point and on 3 units
- Parking on site, AC in all bedrooms and living rooms, washer/dryer in unit and more!
Executive Summary
BEST PRICED NEW CONSTRUCTION ON THE MARKET! Sub $1.5M for a 3 unit new build simply does not exist! Owner occupants, first time investors, portfolio buyers - there is something for everyone. At a 5.6 in place cap rate and 6.6 market cap, this 3 unit yields the best cash flow available to buyers for new builds or even in general. The property yields an amazing mix of all 2BR 2.5BA townhome style units. Off street parking includes a two car garage, and select units enjoy outdoor space including an oversized deck. Step inside and revere tasteful, custom upgrades not seen in most traditional new builds quickly saturating the market. With the beautiful product and a thoughtful design throughout, investors and owner occupants will reap all benefits possible.
DO NOT GO ON THE PROPERTY, TENANTS UNAWARE OF SALE. BUYER TO VERIFY ALL HEREIN TO BE ACCURATE AND TRUE. CONTACT AGENT FOR MORE IMPORTANT INFO REMAINING SALE PROCESS. - Florian Sighe - 408-505-1448 - florian@thebrowargroup.com
DO NOT GO ON THE PROPERTY, TENANTS UNAWARE OF SALE. BUYER TO VERIFY ALL HEREIN TO BE ACCURATE AND TRUE. CONTACT AGENT FOR MORE IMPORTANT INFO REMAINING SALE PROCESS. - Florian Sighe - 408-505-1448 - florian@thebrowargroup.com
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$152,988
|
$58.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,590
|
$1.76
|
| Effective Gross Income |
$148,398
|
$57.05
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$35,903
|
$13.80
|
| Net Operating Income |
$112,495
|
$43.25
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $152,988 |
| Annual Per SF | $58.82 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,590 |
| Annual Per SF | $1.76 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $148,398 |
| Annual Per SF | $57.05 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $35,903 |
| Annual Per SF | $13.80 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $112,495 |
| Annual Per SF | $43.25 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Walk-In Closets
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 3 | $4,240 CAD | 862 - 873 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
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2048 N Highland Ave - 3u New Construction On Highland and Division
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