Multifamily
1645-85 S 43rd St
1645-85 S 43rd St, San Diego, CA 92113
Listing Price: $7,500,000
Investment Overview
We are pleased to present our market positioning and pricing analysis of 1645 S. 43rd Street, a 21-unit complex located in the Shell Town neighborhood of San Diego, CA. Constructed in 1988 on a 1.12-acre corner lot, the property features a unit mix comprised of (12) 2-bedroom / 2-bathroom floorplans and (9) 2-bedroom / 2-bathroom townhomes. With an average unit size of over 900 square feet, these units offer a high-quality home replacement option for families. Existing amenities include ample parking with 28 off street spaces and 20 single car garages, on-site laundry facilities, as well as private patios for select units. The site is prime for additional dwelling units with a large portion of the lot underutilized as well as 20 garages that can be converted into ADUs.
Shell Town is rich in cultural heritage, and burgeoning potential, and the asset is ideally located less than seven minutes from the heart of Downtown San Diego, a Tier-1 employment center. A new Community Master Plan was recently adopted that aims to strengthen residents and businesses in the Greater Southeast San Diego neighborhoods. Coupled with an overall well designed economic expansion of Downtown San Diego, the new community plan will bring major positive implications in the submarket over the next few decades. As major economic milestones are being reached nearby demand for the submarket continues to increase, presenting investors with the opportunity to capture market rental momentum. With so many positives, 1645 S 43rd Street provides investors with a true value-added opportunity with the ability to add a significant number of units to the complex though garage conversion and development.
Investment Highlights
- True value-add opportunity with ability to capture upside by implementing an interior and community renovation enhancement program
- Desirable unit mix comprised entirely of 2 bedrooms / 2-bathroom floorplans
- Additional development potential with the underutilized portions of the lot and conversion of existing garages
- Ample off-street parking with 28 off street spaces and 20 garages
- Quick access to Interstate – 5 & 805 as well as Highway 15, providing residences access to all that San Diego has to offer
Exclusively Listed By
Financing By
Listing Price: $7,500,000
Investment Highlights
- True value-add opportunity with ability to capture upside by implementing an interior and community renovation enhancement program
- Desirable unit mix comprised entirely of 2 bedrooms / 2-bathroom floorplans
- Additional development potential with the underutilized portions of the lot and conversion of existing garages
- Ample off-street parking with 28 off street spaces and 20 garages
- Quick access to Interstate – 5 & 805 as well as Highway 15, providing residences access to all that San Diego has to offer
Investment Overview
We are pleased to present our market positioning and pricing analysis of 1645 S. 43rd Street, a 21-unit complex located in the Shell Town neighborhood of San Diego, CA. Constructed in 1988 on a 1.12-acre corner lot, the property features a unit mix comprised of (12) 2-bedroom / 2-bathroom floorplans and (9) 2-bedroom / 2-bathroom townhomes. With an average unit size of over 900 square feet, these units offer a high-quality home replacement option for families. Existing amenities include ample parking with 28 off street spaces and 20 single car garages, on-site laundry facilities, as well as private patios for select units. The site is prime for additional dwelling units with a large portion of the lot underutilized as well as 20 garages that can be converted into ADUs. Shell Town is rich in cultural heritage, and burgeoning potential, and the asset is ideally located less than seven minutes from the heart of Downtown San Diego, a Tier-1 employment center. A new Community Master Plan was recently adopted that aims to strengthen residents and businesses in the Greater Southeast San Diego neighborhoods. Coupled with an overall well designed economic expansion of Downtown San Diego, the new community plan will bring major positive implications in the submarket over the next few decades. As major economic milestones are being reached nearby demand for the submarket continues to increase, presenting investors with the opportunity to capture market rental momentum. With so many positives, 1645 S 43rd Street provides investors with a true value-added opportunity with the ability to add a significant number of units to the complex though garage conversion and development.
Exclusively Listed By
Financing By

