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2774-2780 Broadway 7 Unit Apartment Building $2,541,382 CAD ($363,055 CAD/Unit) 3% Cap Rate San Diego, CA 92102
Investment Highlights
- Seven 1BR/1BA units
- Five off-street parking spaces + alley access
- Significant upside with below-market rents
- Prime Golden Hill location near Downtown & Balboa Park
- RM-2-5 zoning + Complete Communities Tier 3 (6.5 FAR)
Executive Summary
The McCartin Group is pleased to present 2774–80 Broadway a seven-unit value-add apartment opportunity located in the heart of Golden Hill, one of San Diego’s most desirable urban neighborhoods. The property consists of seven 1-bed/1-bath units and five off-street parking spaces, with convenient alley access. The property sits within the RM-2-5 zoning designation and is further enhanced by the Complete Communities Tier 3 overlay, offering compelling future development potential with an FAR of up to 6.5. Positioned just minutes from Downtown San Diego, Balboa Park, and South Park/North Park amenities, the location provides strong tenant demand and long-term stability.
Property Facts
| Price | $2,541,382 CAD | Building Class | C |
| Price Per Unit | $363,055 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,930 SF |
| Cap Rate | 3% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.27/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-2-5 | ||
| Price | $2,541,382 CAD |
| Price Per Unit | $363,055 CAD |
| Sale Type | Investment |
| Cap Rate | 3% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,930 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.27/1,000 SF |
| Zoning | RM-2-5 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $2,359 CAD | 561 |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 534-312-24 | Improvements Assessment | $655,571 CAD |
| Land Assessment | $2,330,921 CAD | Total Assessment | $2,986,492 CAD |
Property Taxes
Parcel Number
534-312-24
Land Assessment
$2,330,921 CAD
Improvements Assessment
$655,571 CAD
Total Assessment
$2,986,492 CAD
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2774-2780 Broadway
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