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Mission Chateau Apartments 2120 Mission Ave 27 Unit Apartment Building For Sale San Diego, CA 92116
Investment Highlights
- Upgraded Electrical
- New Roof
- Remodeled Interiors
- Highly Walkable Location
Executive Summary
South Coast Commercial is pleased to present Mission Chateau Apartments, a rare opportunity to acquire a 27-unit multifamily asset in the highly coveted University Heights neighborhood. The property features a diverse unit mix comprising 12 two-bedroom/two-bathroom units, 5 one-bedroom/one-bathroom units, and 10 studios designed to capture a wide range of the San Diego rental market, from young professionals to established small households. With a Walk Score of 92, demand remains consistently strong as tenants are just blocks away from the vibrant dining and nightlife corridor of Park Boulevard and the expansive recreation of Balboa Park. Beyond the traditional revenue, the investment is bolstered by a significant and stable non-rental income stream. A long-term antenna lease currently generates approximately $2,618 per month($31,416 annually), providing a unique cushion of pure passive income that enhances the net operating income.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 0.31 AC |
| No. Units | 27 | Building Size | 15,320 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1965/2025 |
| Building Class | B | Parking Ratio | 1.17/1,000 SF |
| Zoning | C-6 | ||
| Sale Type | Investment |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 15,320 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1965/2025 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | C-6 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Ceiling Fans
- Refrigerator
Site Amenities
- Laundry Facilities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $2,768 CAD | 600 - 800 |
| 2+2 | 12 | $4,044 CAD | 900 |
| Studios | 10 | $2,301 CAD | 200 - 319 |
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Very walkable
80/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 445-142-09 | Total Assessment | $9,816,595 CAD |
| Land Assessment | $6,912,277 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $2,904,318 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
445-142-09
Land Assessment
$6,912,277 CAD
Improvements Assessment
$2,904,318 CAD
Total Assessment
$9,816,595 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Mission Chateau Apartments | 2120 Mission Ave
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