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Investment Highlights
- Prime South Park Location; San Diego’s Most Desirable Neighborhoods
- (6) One-Bedroom / One-bath units, (3) Two-bedroom / One-Bath
- Convenient Access to Downtown & Freeways; Minutes From Downtown
- Extensively Upgraded 9-Unit Apartment Community
- Walkability To Balboa Park; South Park’s Vibrant Commercial Corridor
Executive Summary
CBRE is pleased to present 3135 Ivy Street, a renovated 9-unit apartment community located in the highly desirable South Park neighborhood of San Diego. Originally constructed in 1966, the property features an attractive unit mix of six (6) one-bedroom / one-bath units and three (3) two-bedroom / one-bath units, appealing to a broad tenant base. Nestled on a quiet dead-end street, the property offers a peaceful residential setting while remaining highly walkable to local restaurants, coffee shops, boutique retail, and neighborhood amenities. Balboa Park is just a short walk away, providing access to expansive green space and cultural attractions.
The property has been extensively renovated with quartz countertops, stainless steel appliances, updated bathrooms, plank flooring, and air conditioning, along with on-site laundry and off-street parking. 3135 Ivy Street also benefits from convenient access to Downtown San Diego, including the Gaslamp Quarter and East Village, as well as nearby Interstate 5, State Route 94, and Interstate 805, allowing for efficient travel throughout the region. With its prime location, strong walkability, and renovated interiors, 3135 Ivy Street presents a compelling multifamily investment opportunity.
The property has been extensively renovated with quartz countertops, stainless steel appliances, updated bathrooms, plank flooring, and air conditioning, along with on-site laundry and off-street parking. 3135 Ivy Street also benefits from convenient access to Downtown San Diego, including the Gaslamp Quarter and East Village, as well as nearby Interstate 5, State Route 94, and Interstate 805, allowing for efficient travel throughout the region. With its prime location, strong walkability, and renovated interiors, 3135 Ivy Street presents a compelling multifamily investment opportunity.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 Under Contract
| Sale Type | Investment | Lot Size | 0.17 AC |
| No. Units | 9 | Building Size | 6,638 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1968/2023 |
| Building Class | C | Parking Ratio | 1.36/1,000 SF |
| Zoning | R-M-1-1 - Residential | ||
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,638 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2023 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | R-M-1-1 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $4,168 CAD | 825 |
| 1+1 | 6 | $3,502 CAD | 635 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 539-171-07 | Improvements Assessment | $958,801 CAD |
| Land Assessment | $3,392,681 CAD | Total Assessment | $4,351,483 CAD |
Property Taxes
Parcel Number
539-171-07
Land Assessment
$3,392,681 CAD
Improvements Assessment
$958,801 CAD
Total Assessment
$4,351,483 CAD
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Ivy Street Apartments | 3135 Ivy St
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