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Multifamily

2722 Nye St

2722 Nye St, San Diego, CA 92111

Listing Price: $2,715,000

Cap Rate
5.10%
Number of Units
6
GRM
13.45
Occupancy
95.0%
Price/Unit
$452,500
Price/Gross SF
$699.56
Gross SF
3,881

Investment Overview

Marcus & Millichap is pleased to present “Atlas 6 on Nye” a newly completed six-unit multifamily community located in the highly accessible Linda Vista neighborhood of San Diego. This sleek boutique property offers a compelling combination of high-quality construction, modern interiors, and stable rental demand - all within one of San Diego’s most strategically positioned submarkets.

Completed in 2026, Atlas 6 on Nye consists of one (1) one-bedroom/one-bathroom unit and five (5) two-bedroom/one-bathroom units ranging from approximately 471 to 770 square feet. Four of the units were newly constructed in 2026 to complement the extensive renovations on the existing two units. Each unit features a thoughtfully designed layout to maximize living space and functionality for today’s urban renter. Interiors feature plenty of natural sunlight and are appointed with high ceilings, oversized windows, premium designer fixtures and finishes, quartz countertops, wood cabinetry, stainless-steel appliances, luxury vinyl-plank flooring, custom tile shower enclosures, ample closet space, recessed and pendant lighting, ceiling fans, split-level HVAC systems, and in-unit washers and dryers. Additionally, the property is located in a low-density residential neighborhood providing ample street parking available for all tenants.

Centrally located just minutes from the University of San Diego (USD), Mission Valley, the Morena Corridor, and major transportation routes (I-5 & I-8), “Atlas 6 on Nye” benefits from excellent connectivity and tenant accessibility. The property is ideally suited for students, professionals, and residents seeking convenient access to education, employment, and lifestyle amenities. With off-street parking, minimal operational complexity, and potential for future enhancements such as accessory storage or shared amenities, “Atlas 6 on
Nye represents a rare opportunity to acquire a low-maintenance, income-
producing asset in one of San Diego’s most resilient rental markets.

Investment Highlights

  • Brand New Construction completed in 2026.
  • Prime Linda Vista location near major employment hubs including Sorrento Valley, UTC, and Miramar.
  • Premier designer fixtures and finishes, in-unit washers & dryers, split level HVAC systems, and select units with patios or balconies, & high ceilings.
  • Modernized exterior with drought tolerant landscaping, drip irrigation, energy efficient lighting, and rooftop solar.
  • Market-Rate / New Construction asset provides shelter from California AB-1482 rent control measures.

Exclusively Listed By

Multifamily

2722 Nye St

Listing Price: $2,715,000

Cap Rate
5.10%
Number of Units
6
GRM
13.45
Occupancy
95.0%
Price/Unit
$452,500
Price/Gross SF
$699.56
Gross SF
3,881

Investment Highlights

  • Brand New Construction completed in 2026.
  • Prime Linda Vista location near major employment hubs including Sorrento Valley, UTC, and Miramar.
  • Premier designer fixtures and finishes, in-unit washers & dryers, split level HVAC systems, and select units with patios or balconies, & high ceilings.
  • Modernized exterior with drought tolerant landscaping, drip irrigation, energy efficient lighting, and rooftop solar.
  • Market-Rate / New Construction asset provides shelter from California AB-1482 rent control measures.

Investment Overview

Marcus & Millichap is pleased to present “Atlas 6 on Nye” a newly completed six-unit multifamily community located in the highly accessible Linda Vista neighborhood of San Diego. This sleek boutique property offers a compelling combination of high-quality construction, modern interiors, and stable rental demand - all within one of San Diego’s most strategically positioned submarkets. Completed in 2026, Atlas 6 on Nye consists of one (1) one-bedroom/one-bathroom unit and five (5) two-bedroom/one-bathroom units ranging from approximately 471 to 770 square feet. Four of the units were newly constructed in 2026 to complement the extensive renovations on the existing two units. Each unit features a thoughtfully designed layout to maximize living space and functionality for today’s urban renter. Interiors feature plenty of natural sunlight and are appointed with high ceilings, oversized windows, premium designer fixtures and finishes, quartz countertops, wood cabinetry, stainless-steel appliances, luxury vinyl-plank flooring, custom tile shower enclosures, ample closet space, recessed and pendant lighting, ceiling fans, split-level HVAC systems, and in-unit washers and dryers. Additionally, the property is located in a low-density residential neighborhood providing ample street parking available for all tenants. Centrally located just minutes from the University of San Diego (USD), Mission Valley, the Morena Corridor, and major transportation routes (I-5 & I-8), “Atlas 6 on Nye” benefits from excellent connectivity and tenant accessibility. The property is ideally suited for students, professionals, and residents seeking convenient access to education, employment, and lifestyle amenities. With off-street parking, minimal operational complexity, and potential for future enhancements such as accessory storage or shared amenities, “Atlas 6 on Nye represents a rare opportunity to acquire a low-maintenance, income- producing asset in one of San Diego’s most resilient rental markets.

Exclusively Listed By

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