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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,950,470
6.5%
$1,800,434
7%
$1,671,831
Comparable approach
Method
Valuation
Relative Method
$1,882,437
Geo Method
$4,093,834
Alternative Use
Use
Valuation
Residential
$1,800,434
Hospitality
$1,649,187
Educational
$1,372,104
Medical
$1,419,293
Retail
$2,134,385
Location Insight
City
San Diego
County
San Diego
State
California
Latitude
32.7091
Longitude
-117.238
CBSA code
41740
CBSA name
SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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