Investment Overview

The Zorbas Huffman Group of Marcus & Millichap is pleased to present “Stonegate Manor,” a 19-unit multifamily community located in the City Heights neighborhood of San Diego, California. Located at 3829 Marlborough Avenue, the property offers investors the opportunity to acquire a well-maintained asset with significant infrastructure improvements, upgraded unit interiors, abundant parking, and a highly efficient unit mix. Built in 1972, the property is situated on an approximately 0.32-acre lot and is comprised entirely of nineteen (19) one-bedroom/one-bathroom units averaging approximately 600 square feet. Ownership has completed substantial improvements to the property’s major building systems, including a complete electrical rewire and upgraded plumbing systems. These capital improvements provide a future owner with the benefit of modernized infrastructure while reducing the potential for significant near-term capital expenditures. All unit kitchens and bathrooms have also been upgraded with quartz countertops, sleek cabinetry with brushed nickel hardware, stainless steel appliances, new paint, and faux wood flooring. Additionally, the property offers abundant off-street parking for tenants, including three two-car garages and one single-car garage. With its efficient unit mix, upgraded interiors, improved building systems, ample parking, and central San Diego location, “Stonegate Manor” represents an attractive opportunity to acquire a renovated multifamily asset in one of San Diego’s established urban rental markets.