3305-3309 Clairemont Mesa Blvd 6 Unit Apartment Building $4,731,043 CAD ($788,507 CAD/Unit) 5% Cap Rate San Diego, CA 92117

Commercial Asset Advisors presents 3305-3309 Clairemont Mesa Blvd, a six-unit multifamily asset in central San Diego's Clairemont submarket, delivered 100% vacant with a clean path to market rents. The offering pairs four 2026-built residences with a fully renovated 1983 duplex across two detached buildings, giving a new owner modern product, no deferred maintenance, and the flexibility to set every rent to market on day one.
Priced at $3,335,000 ($555,833 per unit, $717 PSF), the asset is underwritten to a 5.00% market cap on $166,778 of stabilized pro forma NOI, with a conservative-to-premium NOI range of $145,438 to $183,194 (4.36% to 5.49% cap). New-construction efficiency holds operating expenses near 29% of effective gross income. The basis sits below the $562,033 closed-comp average and between the two directly comparable 2025 six-unit deliveries in the submarket.
The unit mix is five two-bedroom and one one-bedroom residence, two with private rooftop decks. Units are delivered fully furnished with a wellness and Apple smart-home package, including HomeKit integration, whole-property filtered water, filtered showers, and smart climate and entry systems throughout. One two-bedroom (Unit 3309-3) is deed-restricted at $3,200 per month; the remaining five are unrestricted and lease at market.
Position is on the Clairemont Mesa Blvd corridor with immediate access to the 805, SR-52, and SR-163, central to Bay Park, Bay Ho, UTC, Mission Valley, and the coast. RM-1-1 zoning, 6,083 SF lot, 4,650 SF building area. Offered free and clear.