2828 Howard Ave 12 Unit Apartment Building $6,253,700 CAD ($521,142 CAD/Unit) 4.52% Cap Rate San Diego, CA 92104

CBRE, as exclusive advisor, is pleased to present for sale the Howard Lofts (the “Property”), a luxury 12-unit, new construction, boutique multifamily community located in the heart of San Diego’s Coveted North Park submarket. The Property was completed in 2024 and offers twelve meticulously designed loft-style apartment homes comprised of four (4) studios and eight (8) one bedroom / one bathroom apartments with elevated living in this prime urban infill submarket. The apartment homes were carefully designed to unlock the unit’s full potential by optimizing space and creating easy to live in floor plans with top-of-the-line finishes.
North Park continues to attract quality renters seeking a high-end urban living experience, drawn by the neighborhood’s exceptional walkability, vibrant dining and culture scene, and proximity to San Diego’s major employment corridors. Situated within San Diego County, one of the most undersupplied and fundamentally sound rental markets in California, North Park benefits from strong, sustained demand underpinned by persistent housing shortages and favorable demographic trends. 2828 Howard is one of the few boutique new construction multifamily properties offered for sale in North Park, offering a level of design, finish quality, and loft-style living that remains uncommon for small scale urban infill projects. With a Walk Score of 97, the immediate location benefits from a fully amentized neighborhood with parks, retail, an assortment of dining options, and nightlife all within a short walk. The Property offers premium interiors, and a boutique identity that resonates with today’s discerning renter, this asset is exceptionally well-positioned to capture ongoing demand and rental upside, representing a rare, core investment opportunity in a high-barrier-to-entry market with durable long-term fundamentals.