Majestic at Preece 2868 Preece St 6 Unit Apartment Building $3,140,820 CAD ($523,470 CAD/Unit) 5.33% Cap Rate San Diego, CA 92111

We are pleased to present “Majestic at Preece” a luxury six-unit multifamily community located in the highly accessible Linda Vista neighborhood of San Diego. This sleek boutique property offers a compelling combination of high-quality construction, modern interiors, and stable rental demand—all within one of San Diego’s most strategically positioned submarkets. Completed in 2025, Majestic at Preece consists of six (6) one-bedroom/one-bathroom units ranging from approximately 440 to 624 square feet. Four of the units were newly constructed in 2025 to complement the extensive renovations on the existing two units. Each unit features a thoughtfully designed layout to maximize living space and functionality for today’s urban renter.
Interiors feature plenty of natural sunlight and are appointed with 10-foot ceilings, oversized windows, premium designer fixtures and finishes, quartz countertops, wood cabinetry, stainless-steel appliances, luxury vinyl-plank flooring, custom tile shower enclosures, ample closet space, recessed and pendant lighting, ceiling fans, split-level HVAC systems, and in-unit washers and dryers. Additionally, the property is located in a low-density residential neighborhood with ample street parking available for all tenants.
Centrally located just minutes from the University of San Diego (USD), Mission Valley, the Morena Corridor, and major transportation routes (I-5 & I-8), “Majestic at Preece” bene?ts from excellent connectivity and tenant accessibility. The property is ideally suited for students, professionals, and residents seeking convenient access to education, employment, and lifestyle amenities. With off-street parking, minimal operational complexity, and potential for future enhancements such as accessory storage or shared amenities, “Majestic at Preece” represents a rare opportunity to acquire a low-maintenance, income-producing asset in one of San Diego’s most resilient rental markets.