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$2,095,000

The subject property consists of approximately 2.12 acres of vacant land located in the Encanto neighborhood of San Diego, California. The site presents a rare residential development opportunity in an infill location with convenient access to public transit, major transportation corridors, and neighborhood amenities. The property is positioned to benefit from California's pro-housing legislation, including State Density Bonus provisions that may allow for the development of up to 32 residential lots by right. Additional density potential may be achieved through SB 1123, providing developers with flexibility to maximize the site's residential yield. Given its size, location, and favorable development framework, the property is ideally suited for a variety of residential product types, including detached homes, small-lot subdivisions, and other for-sale or rental housing concepts. This offering represents an exceptional opportunity for developers and investors seeking a scalable residential land play in one of San Diego's supply constrained housing markets. Contact broker for more information: Stevie Berman (408)202-0611. The subject property consists of approximately 2.12 acres of vacant land located in the Encanto neighborhood of San Diego, California. The site presents a rare residential development opportunity in an infill location with convenient access to public transit, major transportation corridors, and neighborhood amenities. The property is positioned to benefit from California's pro-housing legislation, including State Density Bonus provisions that may allow for the development of up to 32 residential lots by right. Additional density potential may be achieved through SB 1123, providing developers with flexibility to maximize the site's residential yield. Given its size, location, and favorable development framework, the property is ideally suited for a variety of residential product types, including detached homes, small-lot subdivisions, and other for-sale or rental housing concepts. This offering represents an exceptional opportunity for developers and investors seeking a scalable residential land play in one of San Diego's supply constrained housing markets. Contact broker for more information: Stevie Berman (408)202-0611.

NDP2606353 MLS ⋅ ACTIVE Status

The subject property consists of approximately 2.12 acres of vacant land located in the Encanto neighborhood of San Diego, California. The site presents a rare residential development opportunity in an infill location with convenient access to public transit, major transportation corridors, and neighborhood amenities. The property is positioned to benefit from California's pro-housing legislation, including State Density Bonus provisions that may allow for the development of up to 32 residential lots by right. Additional density potential may be achieved through SB 1123, providing developers with flexibility to maximize the site's residential yield. Given its size, location, and favorable development framework, the property is ideally suited for a variety of residential product types, including detached homes, small-lot subdivisions, and other for-sale or rental housing concepts. This offering represents an exceptional opportunity for developers and investors seeking a scalable residential land play in one of San Diego's supply constrained housing markets. Contact broker for more information: Stevie Berman (408)202-0611. The subject property consists of approximately 2.12 acres of vacant land located in the Encanto neighborhood of San Diego, California. The site presents a rare residential development opportunity in an infill location with convenient access to public transit, major transportation corridors, and neighborhood amenities. The property is positioned to benefit from California's pro-housing legislation, including State Density Bonus provisions that may allow for the development of up to 32 residential lots by right. Additional density potential may be achieved through SB 1123, providing developers with flexibility to maximize the site's residential yield. Given its size, location, and favorable development framework, the property is ideally suited for a variety of residential product types, including detached homes, small-lot subdivisions, and other for-sale or rental housing concepts. This offering represents an exceptional opportunity for developers and investors seeking a scalable residential land play in one of San Diego's supply constrained housing markets. Contact broker for more information: Stevie Berman (408)202-0611.

701 66th, Encanto

$2,100,000

7 units for sale in a 47 unit complex! These are priced at $300k a unit and there are current comps of $350-$365k. 7 units for sale in a 47 unit complex! These are priced at $300k a unit and there are current comps of $350-$365k.

8 Beds ⋅ 4 Baths ⋅ NDP2605534 MLS ⋅ ACTIVE Status

7 units for sale in a 47 unit complex! These are priced at $300k a unit and there are current comps of $350-$365k. 7 units for sale in a 47 unit complex! These are priced at $300k a unit and there are current comps of $350-$365k.

540 65th, 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

$2,820,000

Investment Opportunity - Excellent chance to acquire four single-story investment homes, each leased by a national leader in care services for individuals with disabilities. All four properties to be sold and purchased as a bundle. Each home generates $42,303 in annual rental income for a total of $169,212 per year and a 3% annual increases per year. The 5-year lease is backed by a strong national adult care facility, ResCare Bright Spring. Tenant is responsible for utilities, general maintenance, and landscaping. The property owner is responsible for structural maintenance. Bundle Price for all 4 properties: $2,820,000. This listing features all four homes and pictures of all. Addresses: 1384 Frauline Dr, San Diego; 1382 Tobias Dr, Chula Vista; 1805 Ionian St, San Diego; 5979 Harps Ct, San Diego. Investment Opportunity - Excellent chance to acquire four single-story investment homes, each leased by a national leader in care services for individuals with disabilities. All four properties to be sold and purchased as a bundle. Each home generates $42,303 in annual rental income for a total of $169,212 per year and a 3% annual increases per year. The 5-year lease is backed by a strong national adult care facility, ResCare Bright Spring. Tenant is responsible for utilities, general maintenance, and landscaping. The property owner is responsible for structural maintenance. Bundle Price for all 4 properties: $2,820,000. This listing features all four homes and pictures of all. Addresses: 1384 Frauline Dr, San Diego; 1382 Tobias Dr, Chula Vista; 1805 Ionian St, San Diego; 5979 Harps Ct, San Diego.

14 Beds ⋅ 8 Baths ⋅ NDP2507086 MLS ⋅ CLOSED Status

Investment Opportunity - Excellent chance to acquire four single-story investment homes, each leased by a national leader in care services for individuals with disabilities. All four properties to be sold and purchased as a bundle. Each home generates $42,303 in annual rental income for a total of $169,212 per year and a 3% annual increases per year. The 5-year lease is backed by a strong national adult care facility, ResCare Bright Spring. Tenant is responsible for utilities, general maintenance, and landscaping. The property owner is responsible for structural maintenance. Bundle Price for all 4 properties: $2,820,000. This listing features all four homes and pictures of all. Addresses: 1384 Frauline Dr, San Diego; 1382 Tobias Dr, Chula Vista; 1805 Ionian St, San Diego; 5979 Harps Ct, San Diego. Investment Opportunity - Excellent chance to acquire four single-story investment homes, each leased by a national leader in care services for individuals with disabilities. All four properties to be sold and purchased as a bundle. Each home generates $42,303 in annual rental income for a total of $169,212 per year and a 3% annual increases per year. The 5-year lease is backed by a strong national adult care facility, ResCare Bright Spring. Tenant is responsible for utilities, general maintenance, and landscaping. The property owner is responsible for structural maintenance. Bundle Price for all 4 properties: $2,820,000. This listing features all four homes and pictures of all. Addresses: 1384 Frauline Dr, San Diego; 1382 Tobias Dr, Chula Vista; 1805 Ionian St, San Diego; 5979 Harps Ct, San Diego.

5979 Harps Ct, 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

$1,975,000

601-7 Stork St and 601-15 Stork are being offered as a package. The property consists of (8) 3bd/1ba Cottage Style units and a 1bd/1ba Cottage. The property has two separate APNs. Total lot size between both parcels is 20,112 sq ft and offers 10 parking spaces for tenant use. The property has been well kept over the years and an opportunity exists to renovate the existing units and increase rents to market rate. Year built of property unknown.

4 Beds ⋅ 2 Baths ⋅ 250000543 MLS ⋅ CLOSED Status

601-7 Stork St and 601-15 Stork are being offered as a package. The property consists of (8) 3bd/1ba Cottage Style units and a 1bd/1ba Cottage. The property has two separate APNs. Total lot size between both parcels is 20,112 sq ft and offers 10 parking spaces for tenant use. The property has been well kept over the years and an opportunity exists to renovate the existing units and increase rents to market rate. Year built of property unknown.

601-15 Stork St, Encanto