2848 Nye Street

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2848 Nye Street

San Diego, CA 92111
Asking Price
$2.13M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily residential building featuring five individual rental units
  • Asset located at 2848 Nye Street in San Diego
  • Current asking price set at 2,125,000 dollars
  • Property situated within a high-demand California coastal market
  • Well-positioned to capture interest from local housing investors

What's Special

This multifamily apartment building spans five units at 2848 Nye Street in San Diego, California. Positioned within the 92111 zip code, the property sits in a dense urban environment supported by a robust regional economy and significant employment sectors including biotechnology, telecommunications, and defense. San Diego remains a highly liquid market characterized by sustained demand for residential rental housing due to its moderate climate and strong population growth trends. The asset provides a potential investment for individuals or groups seeking to expand a residential portfolio in a well-established Southern California submarket. Given the configuration, the site serves as a consistent housing option for local professionals and residents navigating the coastal market. Strategic placement in this region offers proximity to major infrastructure corridors and key economic hubs, ensuring long-term utility for the residential asset class in a competitive metropolitan landscape.

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NOI
$80,000
Cap Rate
3.76%
DSCR
0.63
Underwater
Cash-on-Cash
-7.24%
Monthly Payment
$10,513.341
Annual Cash Flow
$-46,160.087

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