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5707 Mildred St 4 Unit Apartment Building $2,225,184 CAD ($556,296 CAD/Unit) 3.84% Cap Rate San Diego, CA 92110
Investment Highlights
- 1 on site parking space for each unit
- Each unit has a washer/dryer
Executive Summary
Well-maintained 4-unit property in San Diego's desirable Morena neighborhood. Long-term month-to-month tenants provide stable in-place income from day one, with value-add potential through unit renovations. The property features a good roof, one assigned on-site parking space per unit, and an easy-to-manage layout. Parking is a valuable amenity and may also present an ADU opportunity. Ideally located minutes from the University of San Diego, Mission Bay, Old Town, Fashion Valley, SeaWorld, major employment centers, I-5, I-8, nearby trolley stations, and San Diego Airport, the property benefits from strong rental demand. A rare opportunity to acquire a stabilized asset with immediate cash flow and long-term upside through renovations and rent growth.
Property Facts
| Price | $2,225,184 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $556,296 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 3.84% | Building Size | 2,436 SF |
| Gross Rent Multiplier | 18.26 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.64/1,000 SF |
| Price | $2,225,184 CAD |
| Price Per Unit | $556,296 CAD |
| Sale Type | Investment |
| Cap Rate | 3.84% |
| Gross Rent Multiplier | 18.26 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,436 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.64/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Tile Floors
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
- Carpet
- Vinyl Flooring
Site Amenities
- Gas Range
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,644 CAD | 609 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
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Videos
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Photos
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Map
Presented by
Christen Jensen, Broker
5707 Mildred St
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