Investment Overview

Marcus & Millichap is pleased to present 3045–3049 Juniper Street, a charming 5-unit cottage-style multifamily offering located in the quiet, tree-lined streets of South Park—one of San Diego’s most desirable and character-rich neighborhoods. The property consists of four spacious 1-bedroom/1-bath detached cottages, each approximately 850 square feet, and a fifth 1-bedroom/1-bath unit measuring approximately 500 square feet, situated above two single-car garages. The property blends vintage curb appeal with an inviting sense of privacy and community. Each cottage features a private entry, large interiors, and access to outdoor space, making the property attractive to long-term tenants and discerning renters alike. In addition to the two garages beneath the fifth unit, there are two additional single-car garages at the rear of the property, offering a total of four enclosed parking spaces—a rare amenity in the neighborhood. The four single-car garages provide a unique opportunity for future ADU conversions, offering investors the ability to significantly increase rental income and unlock additional value. With San Diego’s growing demand for housing, this flexibility positions the property for both immediate cash flow and long-term appreciation. Located just a short walk from Fern Street and the heart of South Park’s boutique retail, cafés, and restaurants, 3045–3049 Juniper Street benefits from strong tenant demand and an affluent rental base. With its low-density layout, irreplaceable location, and clear upside through modernization, premium rent capture, and ADU potential, this offering presents an exceptional opportunity for investors or owner-users looking to own a trophy asset in one of San Diego’s most supply-constrained submarkets.