Description
Exceptional value-add 7-unit multifamily investment in the heart of City Heights. Priced at just $228K per unit, this asset offers strong fundamentals with a GRM of 11.4 (pro forma) and a 6.3% pro forma cap rate. The unit mix includes six 1BR/1BA units and one spacious 2BR/2BA townhome-style unit with an attached 2-car garage and bonus room. All units are on month-to-month leases with rents well below market, presenting a major opportunity to increase cash flow. Located in an RM-1-1 zone within a Transit Priority Area, this site supports long-term redevelopment or potential ADU additions. Ideal for investors seeking immediate rental upside and future redevelopment potential.
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Listing provided courtesy of Sarah Newcomb of Real Broker. Last updated 2025-08-06 08:35:02.000000. Listing information © 2025 CRMLS.
Pablo Martinez
DRE# 01353280
P.O. Box 22291
San Diego, CA 92192
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619.480.0890
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