Investment Overview

Marcus & Millichap is pleased to present for sale a 4-unit value-add apartment complex in the Mission Hills neighborhood of San Diego. Constructed in 1938, this property rests on a 5,029 SF lot with 2,292 rentable SF. 1926 San Diego Ave is comprised of (4) one-bedroom/one-bathroom cottages. Two of the units have original refinished floors, in-unit laundry, and granite kitchen counter tops. Tenants enjoy private patios or backyards, (4) single-car garages, and are in proximity to Old Town and Downtown. Investors could potentially convert the single-car garages into ADU units to generate additional income. Mission Hills is one of San Diego’s most profitable rental markets that continues to attract high quality and reliable tenants. Situated next to Old Town, this property is walking distance to shops, restaurants, bars, and attractions. Being in an extremely high barrier to entry market, this property serves a rare opportunity to acquire a unique asset with room to improve the operations.