3533 6th Ave

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3533 6th Ave

San Diego, CA 92103
Asking Price
$3.19M
Cap Rate
4.47%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment asset featuring 10 individual residential units.
  • Investment property listed at a price of $3,195,000.
  • Current asset performance reflects a 4.47% capitalization rate.
  • Property situated in the 92103 zip code of San Diego.
  • Located in an urban submarket with consistent rental demand.

What's Special

Priced at $3,195,000, this 10-unit multifamily apartment building at 3533 6th Ave presents a clear investment profile in San Diego. The property operates at a 4.47% cap rate and offers a residential asset in the Hillcrest neighborhood, a densely populated and highly walkable submarket known for its diverse culinary scene and proximity to Balboa Park. The area maintains consistent tenant demand due to its central location and access to major regional transit corridors. Given the density of the surrounding urban landscape, this asset is well-positioned for an investor seeking a stabilized multifamily holding in one of Southern California's primary coastal markets. The building serves as an efficient housing option for professionals working in nearby medical districts and the downtown employment hub. This multifamily acquisition provides a tangible footprint in a supply-constrained environment that continues to attract residents who prioritize lifestyle connectivity.

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NOI
$80,000
Cap Rate
2.50%
DSCR
0.42
Underwater
Cash-on-Cash
-11.44%
Monthly Payment
$15,807.117
Annual Cash Flow
$-109,685.401

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