Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2022
Sq.Footage
N/A
Turnkey 8-Unit Investment Near SDSU | Fully Renovated | Strong Cash Flow Exceptional opportunity to acquire a stabilized, income-producing 8-unit multifamily property located just minutes from SDSU and the rapidly expanding College Area. This fully remodeled asset consists of eight 1-bed/1-bath units—six of which are currently leased as mid-term rentals, generating above-market rents due to high demand from traveling professionals and students. - Annual Gross Scheduled Income: ~$232,800 - Price: $2,599,000 - GRM: ~11.16 - Estimated Cap Rate: ~5.8% (based on actual mid-term rental income & market expenses) - Unit Mix: (8) 1-Bed / 1-Bath - Current Occupancy: 100% - Parking: 11 dedicated spaces - Laundry: On-site - Walk Score: 91 – highly walkable to retail, dining, and public transportation Each unit has been tastefully upgraded with modern kitchens, bathrooms, luxury vinyl flooring, stainless steel appliances, and new lighting throughout. With low maintenance needs and consistent occupancy, this asset offers a unique opportunity for investors seeking both immediate cash flow and long-term appreciation in one of San Diego’s most desirable rental markets. Whether you continue operating it as a mid-term rental powerhouse or transition to long-term tenants, the upside is significant in this high-demand submarket.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
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Cooling
N/A
-
Heating YN
YES
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Heating
Electric
Exterior
-
Garage
No
-
Pool
Yes
-
Pool Features
None
Area & Lot
-
Property Type
Residential Income
Price
-
Sales Price
$2,699,000
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Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
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Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
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Location
County
San Diego
Elementary School
Middle School
High School
Listing Courtesy of Christian Romero , Millennial Realty Group
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