2175 Bacon St

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2175 Bacon St

San Diego, CA 92107
Asking Price
$3.95M
Cap Rate
4.7%
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
  • Asset contains a total of seven residential rental units
  • Current asking price for the property is $3,950,000
  • Investment opportunity features a calculated cap rate of 4.7 percent
  • Property is situated within the popular coastal Ocean Beach neighborhood

What's Special

San Diego serves as a major hub for the Southern California economy, driven by its strong defense sector, tourism industry, and expanding biotechnology landscape. Situated in the Ocean Beach neighborhood, 2175 Bacon St offers a multifamily apartment building totaling seven units. This coastal submarket remains a high-demand area for renters seeking proximity to the Pacific Ocean and local amenities, making it a viable asset for investors focused on long-term residential stability. The property allows for immediate entry into a dense urban rental market with consistent historical demand. Given the unit composition, the building serves as a core investment opportunity for those looking to maintain a foothold in the San Diego metro area where residential housing supply remains consistently constrained by geographic limitations and high barriers to entry.

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NOI
$80,000
Cap Rate
2.03%
DSCR
0.34
Underwater
Cash-on-Cash
-13.04%
Monthly Payment
$19,542.445
Annual Cash Flow
$-154,509.338

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