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Priced at $1,100,000, this multifamily apartment building located in the 92116 zip code of San Diego presents a two-unit investment asset. The property currently operates at a 3.93% cap rate, positioning it within the competitive San Diego housing market. This region remains a primary hub for employment and coastal residential demand, characterized by high barriers to entry and consistent rental occupancy rates across the metro area. Small-scale multifamily assets in this urban pocket serve as viable options for long-term hold strategies or portfolio diversification. Given the unit count, the building provides a manageable scale for investors focused on residential property management within Southern California. Its placement in San Diego offers proximity to significant infrastructure and neighborhood amenities that drive tenant desirability in one of the state's most populous regions.
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