Investment Overview

Marcus and Millichap is pleased to present 2073-77 San Diego Avenue, a 6-unit complex in the popular neighborhood of Mission Hills located north of downtown, San Diego. This 1954-built complex has unique and desirable terraced curb appeal resting on a 5,085 square foot lot. The two-story building features one structure with five 1-bedroom/1-bath units (approximately 460 square feet) and a single studio/1-bath unit (approximately 400 square feet). Four of the six units have been outfitted with new wood grain tile flooring, stainless steel appliances, modern gray cabinets, quartz counter tops, mirrored closet doors, subway tiled shower walls, and chic gray vanities. One of the units has received a new tankless water heater, a new 75-gallon heater for three of the units and there are two 29-gallon heaters for the remaining 2 units. There is an on-site laundry room leased from WASH and under-building storage area. The roof is approximately 12 years old, foundation in solid condition and copper water supply. Newer dual pain windows have been outfitted and units are sealed off tightly and experience little to no noise from the nearby freeway. The property enjoys lush landscaping, seven off-street parking spaces and an opportunity to turn the private courtyard area into something of better use for the tenants.