2057-59 Felspar

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2057-59 Felspar

San Diego, CA 92109
Asking Price
$1.65M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily asset located in San Diego California
  • Total building size consists of two residential units
  • Asking price for this apartment building is 1650000 dollars
  • Property situated in the popular 92109 zip code area
  • Asset offers potential for long term rental income streams

What's Special

San Diego remains a highly sought-after coastal market, supported by a dense population and consistent demand for rental housing. This multifamily apartment building at 2057-59 Felspar in the 92109 zip code provides a stable investment vehicle within a popular residential enclave. The property consists of two units, offering potential for long-term rental income or a conversion strategy depending on the buyer's objectives. With its proximity to local services and the broader Pacific Beach area, the asset is well-positioned to attract tenants seeking access to the regional lifestyle and employment hubs. Investors looking for a manageable multifamily acquisition in this specific San Diego submarket will find this asset fits well within a diversified coastal portfolio. The current layout provides functional living space, making it a pragmatic choice for those looking to expand their presence in the Southern California rental sector.

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NOI
$80,000
Cap Rate
4.85%
DSCR
0.82
Underwater
Cash-on-Cash
-3.63%
Monthly Payment
$8,163.3
Annual Cash Flow
$-17,959.597

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