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Central San Diego Portfolio 3 Multifamily Properties Offered at $9,341,071 CAD in San Diego, CA
Investment Highlights
- Three centrally located multifamily assets totaling 30 units within a highly demanded San Diego rental corridor.
- Favorable in-place income with 10.78 GRM and immediate upside through mark-to-market rent adjustments and available unit renovations.
- All properties feature 1:1 parking ratios or better, ensuring tenant convenience and long-term occupancy stability.
- Oversized double and triple lots on two properties providing potential for additional unit development and future expansion.
- Diverse unit mix including studios with private yards, one and two-bedroom layouts, and a detached 3-bedroom home appealing to a broad tenant base.
- Proximity within minutes to Downtown San Diego, Mission Beach, employment hubs, and freeway access including I-15, I-805, I-8, and SR-94.
Executive Summary
Commercial Asset Advisors is pleased to present the Central San Diego Portfolio, a unique opportunity to acquire 30 units across three proximate multifamily assets in one of San Diego’s most consistent and affordable workforce housing markets. Collectively, the offering provides immediate scale, strong in-place 10.78 GRM income, and multiple value-add levers including lot densification, while providing flexible exit strategies for multiple capital pools.
The portfolio offers immediate upside with select units delivered vacant, immediately available rent increases, and oversized double & triple lots on two of the assets allowing for development of additional units. All three properties offer 1:1 parking ratios or better, a key competitive advantage that supports rent growth, tenant retention, and future redevelopment flexibility. The portfolio features a mix of Studios with mid-size yards, 1 Bedroom units, 2 Bedroom units, and even a detached 3BR house, appealing to a broad renter profile and supporting long-term occupancy stability. 10 of the existing 30 units have been renovated.
Upside driven by:
• Mark-to-market rent increases
• Interior renovations on select units
• Utility billback implementation
• Unutilized On-site Laundry Facilities
• Ancillary income (parking, laundry, pet rent)
• Operational efficiencies driven by professional property management
• Development of Additional Units on Oversized Lots
The portfolio is located in an affordable but demanded Central San Diego rental corridor with 5-10 minute access to:
• Mission Beach / Ocean Beach / Balboa Park / Coronado Island
• Downtown San Diego / North Park / Mission Valley
• SDSU, USD, Major Employment hubs
• I-15, I-805, I-8, SR-94
The portfolio offers immediate upside with select units delivered vacant, immediately available rent increases, and oversized double & triple lots on two of the assets allowing for development of additional units. All three properties offer 1:1 parking ratios or better, a key competitive advantage that supports rent growth, tenant retention, and future redevelopment flexibility. The portfolio features a mix of Studios with mid-size yards, 1 Bedroom units, 2 Bedroom units, and even a detached 3BR house, appealing to a broad renter profile and supporting long-term occupancy stability. 10 of the existing 30 units have been renovated.
Upside driven by:
• Mark-to-market rent increases
• Interior renovations on select units
• Utility billback implementation
• Unutilized On-site Laundry Facilities
• Ancillary income (parking, laundry, pet rent)
• Operational efficiencies driven by professional property management
• Development of Additional Units on Oversized Lots
The portfolio is located in an affordable but demanded Central San Diego rental corridor with 5-10 minute access to:
• Mission Beach / Ocean Beach / Balboa Park / Coronado Island
• Downtown San Diego / North Park / Mission Valley
• SDSU, USD, Major Employment hubs
• I-15, I-805, I-8, SR-94
Property Facts
| Price | $9,341,071 CAD | Number of Properties | 3 |
| Price / SF | $545.85 CAD / SF | Individually For Sale | 3 |
| Cap Rate | 5.57% | Total Building Size | 17,113 SF |
| Sale Type | Investment | Total Land Area | 1.02 AC |
| Status | Active |
| Price | $9,341,071 CAD |
| Price / SF | $545.85 CAD / SF |
| Cap Rate | 5.57% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 3 |
| Total Building Size | 17,113 SF |
| Total Land Area | 1.02 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3877 Menlo Ave, San Diego, CA 92105 | Multifamily | 5,788 SF | 1964 | $3,136,418 CAD |
| 3854 50th St, San Diego, CA 92105 | Multifamily | 5,696 SF | 1980 | $3,068,235 CAD |
| 21-33 S 35th St, San Diego, CA 92113 | Multifamily | 5,629 SF | 1960 | $3,136,418 CAD |
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Central San Diego Portfolio
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