2050-2052 Balboa Ave

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2050-2052 Balboa Ave

San Diego, CA 92109
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in San Diego
  • Property features a total of two residential rental units
  • Asset is currently offered at a 3.30 percent capitalization rate
  • Located along the high-traffic corridor of Balboa Avenue
  • Positioned within the established 92109 coastal ZIP code area

What's Special

San Diego serves as a major hub for the Southern California economy, bolstered by a diverse demographic and strong demand for residential housing. This multifamily apartment building located at 2050-2052 Balboa Avenue places residents within a highly desirable coastal submarket. Featuring two residential units, the asset is positioned to benefit from the ongoing strength of the regional rental market. Its configuration is well-suited for long-term hold investors seeking a steady income stream in a supply-constrained environment. Prospective buyers might consider the property for portfolio diversification or as a strategic addition to a local rental investment strategy, leveraging the consistent demand for housing within the Pacific Beach area. The location provides connectivity to key employment centers, educational institutions, and lifestyle amenities throughout San Diego.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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