1518 Rosecrans Street
San Diego, CA 92106

$5,700,000

Description

HUGE PRICE REDUCTION! The property consists of spacious one-bedroom and two-bedroom units, a laundry facility and beautifully landscaped grounds. Tenants benefit from the highly walkable location with a plethora of restaurants, grocers and community amenities all within walking distance. While the property is very well maintained, in-place rents are below market. Current ownership has renovated two out of the 18 units. A future investor has the opportunity to continue the unit renovations and further increase rents. The location of the site near the water drives the high demand for the residential apartments in the project which consistently maintains a 100% occupancy. The project is located in the heart of the prestigious Point Loma community. Point Loma is known for its views of the San Diego Bay and benefits from yachting marinas and the U.S. Navy for a local employment base.

Details

MLS#190000343
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site8

Features

Story(s)0
Units18

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Area Information

StateCA
CountySan Diego
CitySan Diego
Zip Code92106
Listing VS Median (in 92106)
Price:
$5,700,000
low | high
Med:
$1,099,000
100% of Average
On Site:
8
low | high
Med:
8
100% of Average
Listing Updated: 03/19/2019
MLS Number: 190000343
Listing Provided By:
Eric Comer  of  Kidder Mathews
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.