2224-26

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2224-26

San Diego, CA 92111
Asking Price
$1.80M
Asset Type
Multifamily
Class
Class B

What's Special

2224-26 is located in a central San Diego neighborhood characterized by a blend of historic charm and modern urban development. The property sits within walking distance of local retail corridors, grocery stores, and diverse dining options. Residents benefit from proximity to major regional parks and employment hubs in the downtown area. The location offers convenient access to Interstate 5 and the San Diego trolley system, facilitating efficient commutes throughout the county and to the nearby international airport. The asset is designed for multifamily residential use, well-suited for a professional tenant base seeking proximity to San Diego’s central business districts. The typical tenant profile includes young professionals, healthcare workers from nearby medical facilities, and individuals prioritizing a walkable, transit-oriented lifestyle. Its configuration supports a mix of long-term residential leases, catering to the sustained demand for housing in the city's core urban submarkets.

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NOI
$80,000
Cap Rate
4.44%
DSCR
0.75
Underwater
Cash-on-Cash
-4.98%
Monthly Payment
$8,905.418
Annual Cash Flow
$-26,865.015

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