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$ 4,275,000
Est. payment | /mo
26 Beds
26 Baths
10,725 SqFt
$ 4,275,000
Est. payment | /mo
26 Beds
26 Baths
10,725 SqFt
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 10,725 sqft
Price per Sqft $398
MLS Listing ID 260011442
Bedrooms 26
Full Baths 26
Property Sub-Type Com-Res Income
Property Description
Pleased to present 5260-62 Rex Ave, a 13-unit apartment complex located in the City Heights neighborhood of San Diego. Built in 1987, the property consists entirely of two-bedroom, two-bathroom units. Units feature dual-pane windows, granite and tile countertops, and predominantly tile flooring. Eight of the thirteen units have been updated with new kitchens and bathrooms, positioning the property for strong day-one cashflow. The complex has had new roofs installed in 2016, which are equipped with solar panels to offset utility costs, and one of two plumbing systems have been recently replaced with copper pipes. Residents enjoy ample surface parking, 11 garages, and access to convenient on-site, shared laundry facilities. Well-maintained and already mostly renovated, the property offers immediate income with additional upside through strategic unit improvements and ADU conversions. Its strong unit mix, recent capital improvements, potential investment upside, and high-demand rental market location creates a compelling opportunity for investors.
Location
State CA
County San Diego
Area Metro Uptown
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Others
Senior Community No
Tax ID 472-491-19,18,17
Special Listing Condition Call Agent
Listed by Conor M Brennan, DRE#01918598 Conor Brennan, Broker
Nearby Locations
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10085 Carroll Canyon Rd Suite 100, San Diego, California, 92131, USA