View All Latest Encanto 4000+ Sq. Ft. Properties for Sale

14 Beds ⋅ 12 Baths ⋅ 260012731 MLS ⋅ CLOSED Status

CBRE is pleased to present 701–15 60th Street, a 10-unit multifamily property located in the heart of Encanto, one of Southeast San Diego’s most culturally rich and evolving rental submarkets. The property features a unit mix of eight (8) one-bedroom / one-bathroom units averaging approximately 534 square feet, and two (2) two-bedroom / one-bathroom units averaging 650 square feet. Built in 1940, the property was constructed with pitched roofs and provides ample parking with 10 off-street spaces. Additionally, the property features a dedicated on-site laundry room with existing electrical, a water heater, and plumbing infrastructure, ideal for washer and dryer installation. 701-15 N. 60th Street also can provide very favorable seller financing terms. The Seller is willing to provide up to 90% LTV, debt in the mid-5% range, with interest only payments. All terms are open to negotiation. The subject property is also situated within a federally designated Qualified Opportunity Zone, presenting a compelling tax advantage for investors deploying capital gains into the asset. Encanto continues to attract investor interest due to its affordability, strong community identity, and proximity to transit. The property is located just a short walk from the Encanto/62nd Street Trolley Station, providing direct access to Downtown San Diego via the Orange Line. With Southeast San Diego’s growing population, low vacancy rates, and increasing demand for affordable, well-located rental housing, 701–15 60th Street presents an excellent opportunity for investors seeking a value-add asset.

701-15 N 60th St, Encanto

$1,975,000

6 Beds ⋅ 3 Baths ⋅ 250023887 MLS ⋅ CLOSED Status

Presenting a rare investment opportunity in the heart of San Diego—a 10-unit multifamily property featuring stand-alone, cottage-style buildings. Each unit is a separate structure, providing tenants with a single-family home experience while maintaining the convenience of multifamily living. There are 7 on-site assigned parking spaces plus plenty of street parking. This property also includes an onsite shared laundry facility, offering an added convenience for residents. Perfectly located in the heart of San Diego, this property offers easy access to major freeways, making commuting a breeze. This well-maintained property presents an excellent opportunity for stable rental income with desirable unit layouts in a highly sought-after area. Don’t miss the chance to own this one of-a-kind property in sunny San Diego!

5201 Naranja St, Encanto

$2,525,000

6 Beds ⋅ 3 Baths ⋅ 250021343 MLS ⋅ CLOSED Status

We are pleased to present this 6 on 1 in Encanto. The property offers 5 single story 3Br/1Ba houses and a 2-story 3Br/2Ba front house with its own private backyard and driveway. The 5 single story houses are fully renovated with all new but not limited to roofs, stainless steel appliances, dual pane windows, plumbing, electrical, mini splits, ceiling fans in each bedroom and in-unit W&D. The 3Br/2Ba is separately metered for water and gas&electric which tenant pays all utilities for that unit. The owner has plans submitted to the city to demo the 2-story front house and build 4 new 2Br/2Ba units (2,900 SF) with parking. The property currently generates $210,000 gross income yearly bringing in a 5.64% CAP rate on ACTUALS! Call today to get more information on this amazing investment that offers great cash flow and upside to build more units!

719-31 N 63rd St, Encanto

$1,793,750

3 Beds ⋅ 4 Baths ⋅ 240019348 MLS ⋅ CLOSED Status

711 61st Street consists of 5,782 square feet of structures on a large 15,799 square foot lot. The unit mix is one 2 bedroom / 1 bath, five 1 bedroom / 1 bath, and five studio units. The subject property has three structures and 13 parking spaces. There are 10 legal units and an 11th unit for which permits are unknown. Two studios had been previously converted to 1 bedroom units. The property has onsite laundry and upside in rents as well as ADU potential. The property is in a predominately residential neighborhood.

711 61st St, Encanto

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