Property listed by ENG Properties, Peter Giacalone 619-574-0259
$2,700,000
Exceptional 8-unit multifamily opportunity in the heart of Normal Heights — one of San Diego’s most walkable and vibrant neighborhoods. This well-maintained property features eight 1-bedroom, 1-bath units, each offering comfortable layouts and consistent tenant demand. Residents enjoy convenient access to the 805, 8, and 15 freeways, along with a… Read More dynamic mix of nearby cafes, restaurants, and entertainment options. The property is fully landscaped and includes 8 off-street parking spaces — a rare and valuable amenity in this high-density area. With stable occupancy and significant upside in rental income, investors have a clear path to increased cash flow through strategic rent adjustments and the implementation of RUBS (Ratio Utility Billing System) for utilities such as water and trash. This is a strong value-add opportunity in a core San Diego submarket, ideal for investors seeking long-term growth and operational efficiency. Read Less
Property listed by ENG Properties, Peter Giacalone 619-574-0259
Listing Snapshot
Days Online
3
Last Updated
Property Type
Mixed Use
Lot Size
0.15 Acres
MLS Number
250035095SD
30 Days Snapshot Of 92116
$909k
-10%
(avg) sold price
18
-21%
homes sold
83
+25%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1 building, Construction materials: Stucco
Expenses
Operating expense: $40,450
Heating
WallFurnace
Income
Net operating income: $114,643
Lot
0.1514 acres, 6,595 square feet, Size: 6,595
Parking
8 totals parking
Property
Zoning: R-3:RESTRI
Roof
Composition
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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