6219 Stanley AveSan Diego, CA 92115

Property Details for 6219 Stanley Ave

Lot size

0.15 AC

Zone code

R-4:MULTIPLE RESIDENTIAL

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

467-542-03-00

APU

4675420300

Description

This exceptional multifamily investment opportunity presents a 16-unit apartment building situated on two contiguous parcels in San Diego's desirable Rolando Village neighborhood. The property boasts a total of approximately 11,488 rentable square feet, comprised entirely of spacious two-bedroom, one-bathroom units ranging from 712 to 724 square feet. Built in 1961, this property offers a compelling value-add potential for investors seeking a strong return. Its prime location offers residents convenient access to local amenities, including restaurants, parks, and shopping, while also being minutes away from major employment centers such as Downtown San Diego, Mission Valley, and San Diego State University (SDSU), approximately one mile away. The property benefits from its proximity to major freeways (Interstate 805, Interstate 8, and Highway 16), enhancing its appeal to both residents and investors. The asking price is $4,600,000, representing a price per unit of $287,500 and a price per square foot of $400.42. The property's strong location within a thriving submarket, coupled with its attractive cap rate of 4.92%, makes this a truly compelling investment opportunity in one of San Diego's most sought-after areas. The property's individual parcels (APN: 467-542-03-00/467-542-04-00) are offered for sale together. This presents a unique chance to acquire a well-positioned asset poised for growth in a dynamic San Diego market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,749,028

  6.5%

  $1,614,488

  7%

  $1,499,167

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,688,022

  Geo Method

  $3,671,030

• Alternative Use

  Use

  Valuation

  Residential

  $1,614,488

  Hospitality

  $1,478,862

  Educational

  $1,230,396

  Medical

  $1,272,711

  Retail

  $1,913,949

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7612

Longitude

-117.064

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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