2164 2nd Avenue

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2164 2nd Avenue

San Diego, CA 92101
Asking Price
$4.50M
Cap Rate
3.87%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building located in San Diego
  • Asset contains a total of 16 residential units
  • Offered for sale at a price of 4,500,000 dollars
  • Current investment opportunity carries a 3.87% cap rate
  • Property is situated within the active 92101 zip code

What's Special

Investors looking to expand a multifamily portfolio in a high-demand urban market will find this 16-unit apartment building a practical addition. Situated in San Diego at 2164 2nd Avenue, the property benefits from its positioning within a major Southern California metropolitan hub known for consistent rental demand and a dense population base. The building represents a stable core asset with a 3.87% cap rate, suitable for long-term hold strategies or institutional-grade management optimization. Its location provides residents proximity to the varied employment centers and transit corridors that define the regional economy. As a dedicated multifamily dwelling, this asset offers predictable cash flow potential within the competitive 92101 zip code, an area characterized by sustained residential development and limited inventory. Prospective buyers can leverage this opportunity to acquire a managed unit count in a desirable coastal environment, ensuring alignment with portfolios focused on market-rate rental revenue.

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NOI
$80,000
Cap Rate
1.78%
DSCR
0.30
Underwater
Cash-on-Cash
-13.86%
Monthly Payment
$22,263.545
Annual Cash Flow
$-187,162.537

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