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8353 Ivory Coast Dr - 8353 Ivory Coast Drive 8 Unit Apartment Building Offered at $5,336,150 CAD at a 4.50% Cap Rate San Diego, CA 92126
Investment Highlights
- Diverse mix of one-, two-, and three- bedroom units.
- Abundant street parking + 3 tandem off-street parking spots.
- Private gated patios for select units.
- Modern fixtures & finishes, stainless steel appliances, & in-unit laundry.
Executive Summary
We are pleased to present 8353 Ivory Coast Drive, an eight-unit multifamily property located in the highly desirable Mira Mesa (92126) submarket of San Diego. Known for its strong residential appeal, proximity to major employment hubs, and convenient access to retail and transportation, Mira Mesa continues to experience consistent rental demand and long-term growth.
The property features a diverse and well-balanced unit mix, consisting of four one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units, one two-bedroom/one-and-a-half-bathroom unit, and one three-bedroom/two-bathroom unit. This range of unit types allows the property to attract a broad tenant base, from individuals to larger households, supporting stable occupancy and long-term leasing flexibility.
Conveniently located near major shopping centers, dining options, and everyday services, 8353 Ivory Coast Drive also benefits from close proximity to key employment corridors including Sorrento Valley, UTC, and Miramar. With easy access to major freeways, residents enjoy seamless connectivity throughout San Diego County. The property represents a compelling opportunity to acquire a well-positioned, income-producing asset in one of San Diego’s most established and high-demand rental markets.
The property features a diverse and well-balanced unit mix, consisting of four one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units, one two-bedroom/one-and-a-half-bathroom unit, and one three-bedroom/two-bathroom unit. This range of unit types allows the property to attract a broad tenant base, from individuals to larger households, supporting stable occupancy and long-term leasing flexibility.
Conveniently located near major shopping centers, dining options, and everyday services, 8353 Ivory Coast Drive also benefits from close proximity to key employment corridors including Sorrento Valley, UTC, and Miramar. With easy access to major freeways, residents enjoy seamless connectivity throughout San Diego County. The property represents a compelling opportunity to acquire a well-positioned, income-producing asset in one of San Diego’s most established and high-demand rental markets.
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Property Facts
| Price | $5,336,150 CAD | No. Units | 8 |
| Price Per Unit | $667,019 CAD | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 5,030 SF |
| Cap Rate | 4.50% | No. Stories | 2 |
| Gross Rent Multiplier | 15.31 | Year Built | 2025 |
| Price | $5,336,150 CAD |
| Price Per Unit | $667,019 CAD |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| Gross Rent Multiplier | 15.31 |
| No. Units | 8 |
| Property Type | Multifamily |
| Building Size | 5,030 SF |
| No. Stories | 2 |
| Year Built | 2025 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $3,144 CAD | 480 - 1,920 |
| 2+1 | 2 | $3,761 CAD | 660 - 1,320 |
| 2+1.5 | 1 | $4,035 CAD | 770 |
| 3+2 | 1 | $4,917 CAD | 1,020 |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
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8353 Ivory Coast Dr - 8353 Ivory Coast Drive
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