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1877 Irving Avenue
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily apartment building located in San Diego California
- Property consists of five individual rental units
- Investment is currently priced at one point five million dollars
- Asset generates a 5.92 percent capitalization rate
- Stable residential location in the 92113 zip code area
What's Special
San Diego remains a highly competitive rental market driven by consistent demand from a diverse workforce and proximity to major employment hubs. Situated at 1877 Irving Avenue, this apartment building provides a stabilized income stream for investors seeking footprint in a supply-constrained region. The asset encompasses five residential units, making it an efficient addition to a multifamily portfolio. Given the ongoing housing needs within the Southern California landscape, this property is well-positioned for long-term hold strategies. The current financial performance demonstrates a 5.92% cap rate, reflecting the asset's utility within the local rental ecosystem. Prospective buyers may look to integrate this acquisition into their current holdings to capitalize on the region's enduring appeal to tenants. Its location within the 92113 ZIP code places it in a mature, established residential submarket with accessibility to central transit corridors and the economic vitality of the San Diego metropolitan area.
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