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5049 Cape May Ave
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- The 12-unit multifamily property is priced at $5,400,000.
- Investors can expect a 4.24% cap rate on this asset.
- This apartment building is situated in San Diego, California.
- The property is located within the Ocean Beach community.
- It serves as an income-producing asset for multifamily portfolios.
What's Special
This 12-unit apartment building located at 5049 Cape May Ave in San Diego, CA, is currently available for $5,400,000. The asset functions as a multifamily investment opportunity delivering a 4.24% cap rate. Situated in the coastal Ocean Beach neighborhood, the property benefits from proximity to the established residential and commercial hubs of San Diego. The area remains a popular draw for renters seeking access to the Pacific coastline and the diverse employment opportunities within the broader Southern California economy. Multifamily assets in this submarket provide investors with a stable footprint in a densely populated region known for consistent housing demand. The layout of these units supports a range of rental configurations suitable for long-term residential occupants. Prospective buyers may consider this acquisition as a value-add potential or a stabilized addition to an existing income-producing portfolio. Its location allows tenants seamless connectivity to major regional transit corridors and the various economic sectors that define the San Diego metropolitan area.
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