For Sale
$4,990,000

375 Rosecrans StSan Diego, CA 92106

8-Unit San Diego Apartment Complex, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 8-unit apartment building presents a rare investment opportunity in the highly desirable La Playa neighborhood of Point Loma, San Diego, CA. Located just one block from Kellogg's Beach, this property boasts a prime location offering unparalleled convenience and desirability. The building comprises seven spacious 2-bedroom, 1-bathroom units and one larger 3-bedroom, 2-bathroom unit, all well-maintained and currently operating at 75% occupancy. Six off-street parking spaces are available for residents, along with on-site coin-operated laundry facilities, adding to the property's appeal and convenience. The building sits on a 0.17-acre lot and is priced at $4,990,000. The property's proximity to the beach makes it exceptionally well-suited for vacation rentals, presenting a significant potential for increased revenue. Air conditioning is a key feature, enhancing tenant comfort and satisfaction. This owner-built property represents a unique chance to acquire a well-established asset in a coveted beach community, offering strong potential for both rental income and future appreciation. Comparable sales data indicates strong market value in the area. This is an exceptional opportunity for investors seeking a high-return, beach-close multifamily property in San Diego. The property is located at 375 Rosecrans St, San Diego, CA 92106.

Highlights

  • Rare investment opportunity: 8-unit apartment building in Point Loma's La Playa neighborhood.
  • Prime location: One block from Kellogg's Beach.
  • Unit mix: Seven 2bd/1ba units and one 3bd/2ba unit; 75% occupancy.
  • Amenities: Six off-street parking spaces and on-site coin-op laundry.
  • 0.17-acre lot; $4,990,000 asking price.
  • Strong rental potential: Beach proximity ideal for vacation rentals.

Property Details for 375 Rosecrans St

Property type
Apartment buildings
Lot Size (sq. ft)
7,405 SF

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.7090709
Longitude
-117.2383954
375 Rosecrans St, San Diego, California

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375 Rosecrans St
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