375 Rosecrans StSan Diego, CA 92106

Property Details for 375 Rosecrans St

Lot size

0.17 AC

Zone code

R-4:MULTIPLE RESIDENTIAL

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

532-492-02-00

APU

5324920200

Description

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.

• 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

Property Tax & Assessments

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