Investment Overview

Zorbas, Huffman, & Partners of Marcus & Millichap is pleased to present 2850-56 E Broadway, an 8-unit apartment complex in Golden Hill. The subject property was built in 1951 and was extensively remodeled in 2024. The unit mix is comprised of three (3) studios, one (1) one-bedroom/one-bathroom units and four (4) two-bedroom/one-bathroom units with an approximate combined 3,684 rentable square footage. Six of the eight units of the property have been extensively upgraded with vinyl plank floors, quartz countertops, farmhouse kitchen sinks, shaker cabinets, ceiling fans, tile showers, and stainless appliances. The property also has upgraded windows, electrical, and in-unit washer/dryers (select units). 2850-56 E Broadway is located in Golden Hill, a neighborhood situated on the south end of the world-famous Balboa Park. Golden Hill is well known for its easy access to major employment centers such as Downtown, Mission Valley, and South Bay. The area has recently come to see an influx of new bars and restaurants pushing south from North Park along the 30th St corridor and Fern St. High walkability, chic local diners which showcase a sense of place and convenience to Balboa Park, Downtown, and freeways make this niche neighborhood extremely desirable. Often touted as a ‘haven’ for artists and musicians, it is home to Black Box Recording Studios, The Habitat Recording Studios, Influx Café, Turf Supper Club, Krakatoa, and Pizzeria Luigi. The new owner will enjoy the security of having the property situated near infrastructure, jobs, as well as having easy access to Highway 94 and downtown. This offering is perfect for an investor looking to purchase a rarely traded asset and take advantage of one of the fastest growing areas in San Diego.