Investment Overview

Marcus & Millichap is pleased to present for sale a five unit complex at the end of a cul-de-sac in the popular neighborhood of Hillcrest, San Diego, California. The property consists of a 2-bedroom / 1-bath house (approximately 1,000 square feet), and four large 700 square-foot 1-bedroom / 1-bath units. There are two separate structures resting on a 6,235 square foot lot with four separate off-street parking spaces for tenants. Units feature a mix of floating vinyl plank and carpet flooring as well as original cabinetry and counter tops. The property’s rents are far under market making this an ideal value-add investment opportunity for the investor seeking to upgrade units to high end finishes and raise rents to market. Hillcrest is one of San Diego’s most popular urban neighborhoods filled with some of San Diego’s most famous restaurants, shops, and entertainment. Because Hillcrest sits just outside of Balboa Park and Golden Hill, Hillcrest’s rapid redevelopment and easy access to the 5, 163 and 805 freeways makes it a tremendously desirable location for both investors and tenants. This value-add opportunity gives a potential investor the chance to renovate and create a high cash flow asset in one of San Diego’s top up and coming communities.