This rare six-unit multifamily investment opportunity in Middletown, one of San Diego's most desirable rental markets, offers exceptional potential. Located on a spacious RM-3-7 zoned lot, the property provides numerous value-add possibilities, redevelopment flexibility, and strong rental demand. With the potential to convert studios into one-bedroom units, investors can increase… Read More both rents and property value. Additonally, its large lot and RM-3-7 zoning allows for increased density and redevelopment opportunities. Situated within walking distance of dining, retail, and entertainment, and with proximity to major employment hubs and easy freeway and transit access, the location is prime. Offering strong cash flow potential, this investment is ideal for long-term holds or redevelopment strategies. Read Less
Courtesy of Nara Advisors, Inc., 858-336-9688, Jason Lee.
Listing Snapshot
Days Online
145
Last Updated
Property Type
Com-Res Income
Year Built
72962
MLS Number
250018364
30 Days Snapshot Of 92103
$1.37M
+15%
(avg) sold price
25
-21%
homes sold
38
+80%
(avg) days on market
Snapshot
Area Map
Additional Details
Amenities
None, Other/Remarks
Appliances & Equipment
6 units with dishwasher, 6 units with range, 6 units with refrigerator, 6 units with disposal
Building
1957 years old, 1 story, 6 studio units
Expenses
Operating expense: $41,366
Income
Gross operating income: $114,328, Net operating income: $72,962
Interior Features
6 units with drapes
Unit One
Individual rent: $1,975, Total rent: $11,850, 1 bathroom, 6 units of this type
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Source: San Diego MLS
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