We are pleased to present the opportunity to acquire Palms Apartments, a rare 12-unit community located in the highly desirable Bankers Hill neighborhood of San Diego. Situated on a 9,109 square foot lot, Palms Apartments is comprised of three buildings—a duplex, fourplex, and sixplex—creating a charming courtyard-style setting with a… Read More thoughtfully landscaped lawn and expansive green common area. The property has been well-maintained, with major system upgrades already completed, providing a strong operational foundation for a new investor. Palms Apartments offers an exceptional value-add opportunity. While significant infrastructure work has been completed, most unit interiors remain in original or partially renovated condition. A new owner can modernize kitchens, baths, flooring, and fixtures to align with today’s renter expectations and capture meaningful rental upside. Renovated properties in the submarket command substantial premiums, positioning Palms Apartments for strong rent growth and long-term appreciation. Palms Apartments provides investors with a rare chance to acquire a stabilized, centrally located property in one of San Diego’s most sought-after neighborhoods, while unlocking immediate upside through interior renovations and rent repositioning. Prospective buyers are advised to independently verify all information contained in this offering memorandum, including but not limited to financial, physical, and market details. Read Less
Courtesy of Acre Investment Real Estate, 619-255-3222, Bill Anderson.
Listing Snapshot
Days Online
4
Last Updated
Property Type
Com-Res Income
Square Ft.
6,870
MLS Number
250040759
Additional Details
Building
Built in 0, Building area total: 6870, 3 number of buildings, 2 stories, Living area: 6870, Living area units: Sqft, Building area units: Sqft, 12 total units
Expenses
Operating expense: $99,386
Income
Gross scheduled income: $273,900
Lot
Size units: Acres
Property
Property subtype: Com-Res Income, Property type: Residential Income
Find The Perfect Home
'VIP' Home Finder
Whenever a listing hits the market that matches your criteria you will be immediately notified.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.
Based on information from the San Diego MLS /Association of REALTORS®
as of . All data, including all measurements and calculations of area, is
obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties
may or may not be listed by the office/agent presenting the information.
Source: San Diego MLS
Confirm your time
Fill in your details and we will contact you to confirm a time.