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$1,199,000

Rare opportunity to acquire a five-unit apartment investment with immediate cash flow, value-add potential, and flexible long-term strategies. Situated on a prominent corner parcel with Commercial CC-4-5 zoning within a Transit Priority Area, the property offers multiple paths to increase value in one of San Diego's strongest rental markets. Convert the lower level back to retail, office space, salon, personal services and retain the tenants upstairs. Perfect for small business owners as a live/work space. Or maximize income through rental stabilization while creating plans for a mixed-use redevelopment project. The property currently features two tenant occupied 2-bedroom/1-bath apartments on the second floor, two tenant occupied 1-bedroom/1-bath apartments on the main level, and one vacant studio on the first floor, providing immediate lease-up potential. Current income is supported by long-term tenancy, while below-market rents offer significant opportunity for future growth. (see suppl) Additional income potential includes an owner-owned coin-operated laundry room and four storage rooms that may be leased separately to increase cash flow. Six off-street parking spaces and a shared rear courtyard with pergola. Prior to residential use on the main level, there was a construction office and hair salon, so the new owner could potentially convert back to retail space. The upper-level units feature private exterior entrances, while the lower level offers convenient ground-floor access. Commercial CC-4-5 zoning and the property's location within a Transit Priority Area provide added flexibility for investors seeking long-term appreciation and future redevelopment potential. Buyers are encouraged to verify all zoning, permitted uses, and development opportunities with the City of San Diego. Conveniently located with quick access to Downtown San Diego, major freeways, public transportation, shopping, dining, and employment centers, this is a compelling opportunity for investors seeking stable in-place income with meaningful upside through lease optimization, additional ancillary income, and long-term strategic positioning.

17 Beds ⋅ 15 Baths ⋅ 260017358 MLS ⋅ ACTIVE Status

Rare opportunity to acquire a five-unit apartment investment with immediate cash flow, value-add potential, and flexible long-term strategies. Situated on a prominent corner parcel with Commercial CC-4-5 zoning within a Transit Priority Area, the property offers multiple paths to increase value in one of San Diego's strongest rental markets. Convert the lower level back to retail, office space, salon, personal services and retain the tenants upstairs. Perfect for small business owners as a live/work space. Or maximize income through rental stabilization while creating plans for a mixed-use redevelopment project. The property currently features two tenant occupied 2-bedroom/1-bath apartments on the second floor, two tenant occupied 1-bedroom/1-bath apartments on the main level, and one vacant studio on the first floor, providing immediate lease-up potential. Current income is supported by long-term tenancy, while below-market rents offer significant opportunity for future growth. (see suppl) Additional income potential includes an owner-owned coin-operated laundry room and four storage rooms that may be leased separately to increase cash flow. Six off-street parking spaces and a shared rear courtyard with pergola. Prior to residential use on the main level, there was a construction office and hair salon, so the new owner could potentially convert back to retail space. The upper-level units feature private exterior entrances, while the lower level offers convenient ground-floor access. Commercial CC-4-5 zoning and the property's location within a Transit Priority Area provide added flexibility for investors seeking long-term appreciation and future redevelopment potential. Buyers are encouraged to verify all zoning, permitted uses, and development opportunities with the City of San Diego. Conveniently located with quick access to Downtown San Diego, major freeways, public transportation, shopping, dining, and employment centers, this is a compelling opportunity for investors seeking stable in-place income with meaningful upside through lease optimization, additional ancillary income, and long-term strategic positioning.

6945 Imperial Ave, Encanto

$2,050,000

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.

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

$1,050,000

Don’t let the modest exterior fool you—step inside to discover a 3,690 sq ft home and a spacious lot that will exceed your expectations! With approx 1,350 sq ft of common living area, 6 bedrooms, 4 baths and .82 acres, this two-story gem offers an inviting open floor plan perfect for multi-generational families or creative rental income opportunities. The main floor features 5 bedrooms and 3 bathrooms, providing ample space for family and guests. 1st floor primary suite boasts a large walk-in closet, second closet and built in wall of cabinets with still enough space for a desk or sitting area and its own entrance to the back patio. 2nd floor is another roomy primary suite, with living area, bedroom, bathroom and balcony with views from Mexico to La Jolla.. Use as a guest retreat or generate rental income. Monster kitchen with stainless steel appliances stands at the heart of the home, equipped with an XL refrigerator, double ovens, and a full wall of cabinets and pantry closet. Ideal for entertaining, the oversized great room, encompassing the kitchen, dining room, and two family rooms, adds up to approximately 1,350 square feet of open area—practically a house within a house. Backyard has views, artificial greens for easy maintenance, mature fruit trees and so much space. A quick commute to downtown San Diego positions you close to entertainment, dining, and you're just 12 minutes to the iconic Pacific Gaylord. Included with home are all kitchen appliances, second refrigerator, very large screen television in family room, full size washer and dryer, and patio picnic table. Exterior storage closet shelving units and Adirondack chairs on patio will depart with the seller. Solar is leased.

6 Beds ⋅ 4 Baths ⋅ 250033141 MLS ⋅ CLOSED Status

Don’t let the modest exterior fool you—step inside to discover a 3,690 sq ft home and a spacious lot that will exceed your expectations! With approx 1,350 sq ft of common living area, 6 bedrooms, 4 baths and .82 acres, this two-story gem offers an inviting open floor plan perfect for multi-generational families or creative rental income opportunities. The main floor features 5 bedrooms and 3 bathrooms, providing ample space for family and guests. 1st floor primary suite boasts a large walk-in closet, second closet and built in wall of cabinets with still enough space for a desk or sitting area and its own entrance to the back patio. 2nd floor is another roomy primary suite, with living area, bedroom, bathroom and balcony with views from Mexico to La Jolla.. Use as a guest retreat or generate rental income. Monster kitchen with stainless steel appliances stands at the heart of the home, equipped with an XL refrigerator, double ovens, and a full wall of cabinets and pantry closet. Ideal for entertaining, the oversized great room, encompassing the kitchen, dining room, and two family rooms, adds up to approximately 1,350 square feet of open area—practically a house within a house. Backyard has views, artificial greens for easy maintenance, mature fruit trees and so much space. A quick commute to downtown San Diego positions you close to entertainment, dining, and you're just 12 minutes to the iconic Pacific Gaylord. Included with home are all kitchen appliances, second refrigerator, very large screen television in family room, full size washer and dryer, and patio picnic table. Exterior storage closet shelving units and Adirondack chairs on patio will depart with the seller. Solar is leased.

5762 Alta Vista Ave, Encanto

$1,975,000

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!

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

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!

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

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.

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