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Investors seeking a stabilized multifamily asset in San Diego will find this apartment building a notable addition to a portfolio. The property, situated in the 92116 zip code, consists of two units. With a capitalization rate of 4.43%, this investment provides clear performance metrics for those targeting the Southern California residential market. The location benefits from the steady demand characteristic of the San Diego metro area, where consistent population growth and a diverse economic base support ongoing rental housing requirements. This asset is well-positioned for an investor aiming to secure a foothold in a supply-constrained market. Its scale makes it an efficient option for those looking to manage a boutique rental operation while benefiting from the long-term appreciation trends associated with this specific coastal submarket. The configuration allows for straightforward management and is suitable for long-term hold strategies within an established residential corridor.
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