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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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