3409-21 5th Avenue

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3409-21 5th Avenue

San Diego, CA 92103
Asking Price
$2.29M
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
  • Total building footprint contains six separate units
  • Property is currently available for purchase at $2,295,000
  • Situated within the popular 92103 area code
  • Asset provides direct exposure to the regional rental market

What's Special

San Diego serves as a major economic hub on the Southern California coast, characterized by its dense urban environment and consistent demand for rental housing. Positioned within the 92103 ZIP code, this multifamily asset at 3409-21 5th Avenue benefits from proximity to established residential and commercial corridors. The property functions as an apartment building, providing a potential income-generating investment for those targeting the local rental market. With its current configuration, the site presents a practical addition to an investment portfolio centered on high-demand urban infill areas. Institutional and private capital continue to gravitate toward well-located multifamily holdings throughout the metro area. This six-unit apartment complex is positioned to leverage the long-term fundamentals of the San Diego housing market, where inventory constraints often drive sustained occupancy levels. Investors seeking a stable, multi-tenant asset in a prominent neighborhood may find this offering aligns with regional acquisition strategies for stabilized or value-add rental properties.

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NOI
$80,000
Cap Rate
3.49%
DSCR
0.59
Underwater
Cash-on-Cash
-8.17%
Monthly Payment
$11,354.408
Annual Cash Flow
$-56,252.894

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