Talmadge Pacific Apartments 4470 Euclid Ave 21 Unit Apartment Building $8,128,851 CAD ($387,088 CAD/Unit) 5% Cap Rate San Diego, CA 92115

Talmadge Pacific Apartments presents the opportunity to acquire a 21-unit multifamily asset located within San Diego’s established Talmadge neighborhood. The property consists of a two-story wood-frame and stucco building situated on a raised foundation with a pitched composition-shingle roof. Ownership has historically been long-term, with limited turnover over the property's lifespan, reflecting its enduring appeal and stable residential setting.
The community features a highly desirable unit mix of two-bedroom, one-bedroom, and studio residences arranged around a controlled-access interior courtyard. Residents benefit from an uncommon parking ratio that includes 10 private garages and 20 additional open parking spaces, a valuable amenity in San Diego’s Mid-City rental market. Many garages provide direct courtyard access, enhancing convenience for occupants.
Positioned near shopping, dining, and everyday services, the property offers walkable neighborhood amenities while maintaining convenient access to Interstate 8 and Interstate 15. The location also provides connectivity to major employment centers throughout Mission Valley, central San Diego, and nearby San Diego State University. Talmadge's historic character, residential appeal, and proximity to regional transportation corridors continue to support long-term housing demand.
The offering combines classic architectural characteristics with operational upside through future unit renovations and rent growth potential. Its established location, favorable parking configuration, attractive courtyard design, and diverse unit mix create a compelling investment opportunity for buyers seeking a well-located San Diego multifamily asset with opportunities for continued value enhancement.