Skip to main content

Multifamily

1245 Colusa

1245 Colusa St, San Diego, CA 92110

Listing Price: $1,850,000

Cap Rate
2.86%
Number of Units
3
Price/Unit
$616,667
Price/Gross SF
$558.57
Gross SF
3,312

Investment Overview

1245 Colusa Street is a newly rehabilitated triplex in the desirable Morena neighborhood of San Diego next to University of San Diego. The complex features two structures consisting of a 2-bedroom house at the corner of Lauretta and Colusa, a 2-bedroom / 1-bath unit and fully permitted Studio / 1-Bath ADU within the alley corner structure. The property sits on a 3,312 square foot lot built in 1940. Two units have received top tier upgrades such as recessed lighting, new Frigidaire appliance packages, custom white cabinetry and hardware, sliding barn doors, backsplash, coil sinks, fans, flooring, doors and tiled walk-in showers. All units feature washer/dryers and exteriors have received new lighting, landscaping, private rear shed, mailboxes, unit numbers and paint. Morena is a densely populated urban neighborhood of San Diego neighboring Bay Park, Linda Vista, Mission Hills and the University of San Diego. The neighborhood is popular among students and young families with a median age of 25. A majority of the area is made up of homes and rentals with the main food and entertainment corridor along Linda Vista Road which includes breweries, coffee shops, a mixture of local and large food chains and shops. An astute investor may buy the property to live in and rent out the property or finish off renovations of the front house and sit on the property as a long-term investment.

Investment Highlights

  • Highly Coveted Morena Neighborhood Near University of San Diego
  • 2 Units Have Received Highest End Upgrades
  • Owner Occupy Or Rehab Final Unit & Hold For Investment
  • Units Include Washer/Dryers, Private Yards & Patios
  • Tenants Pay 100% Utilities | Low Maintenance Building
  • Select Units Feature Fireplaces, A/C Units, New Kitchens & Bathrooms

Exclusively Listed By

Financing By

Multifamily

1245 Colusa

Listing Price: $1,850,000

Cap Rate
2.86%
Number of Units
3
Price/Unit
$616,667
Price/Gross SF
$558.57
Gross SF
3,312

Investment Highlights

  • Highly Coveted Morena Neighborhood Near University of San Diego
  • 2 Units Have Received Highest End Upgrades
  • Owner Occupy Or Rehab Final Unit & Hold For Investment
  • Units Include Washer/Dryers, Private Yards & Patios
  • Tenants Pay 100% Utilities | Low Maintenance Building
  • Select Units Feature Fireplaces, A/C Units, New Kitchens & Bathrooms

Investment Overview

1245 Colusa Street is a newly rehabilitated triplex in the desirable Morena neighborhood of San Diego next to University of San Diego. The complex features two structures consisting of a 2-bedroom house at the corner of Lauretta and Colusa, a 2-bedroom / 1-bath unit and fully permitted Studio / 1-Bath ADU within the alley corner structure. The property sits on a 3,312 square foot lot built in 1940. Two units have received top tier upgrades such as recessed lighting, new Frigidaire appliance packages, custom white cabinetry and hardware, sliding barn doors, backsplash, coil sinks, fans, flooring, doors and tiled walk-in showers. All units feature washer/dryers and exteriors have received new lighting, landscaping, private rear shed, mailboxes, unit numbers and paint. Morena is a densely populated urban neighborhood of San Diego neighboring Bay Park, Linda Vista, Mission Hills and the University of San Diego. The neighborhood is popular among students and young families with a median age of 25. A majority of the area is made up of homes and rentals with the main food and entertainment corridor along Linda Vista Road which includes breweries, coffee shops, a mixture of local and large food chains and shops. An astute investor may buy the property to live in and rent out the property or finish off renovations of the front house and sit on the property as a long-term investment.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower