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2139 Balboa Ave
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Four-unit multifamily apartment building located in San Diego
- Current asking price for this residential asset is $2,900,000
- Investment property delivers a documented cap rate of 4.44 percent
- Positioned within the desirable 92109 ZIP code of California
- Property sits at the coordinates of 32.8007, -117.2306
What's Special
The coastal San Diego market remains a high-demand area for residential investment due to its proximity to the Pacific Ocean and steady population growth. Situated along Balboa Avenue in the 92109 ZIP code, this multifamily asset provides a strategic entry point into a region characterized by consistent tenant demand and limited housing inventory. The property consists of four apartment units, making it a manageable acquisition for investors looking to expand their portfolio within an established urban infill environment. Its location offers convenient access to major thoroughfares, facilitating travel across the metro area and proximity to regional employment hubs. Prospective owners might consider this site for long-term hold strategies or value-add improvements to align with local market rental rates. The asset represents a functional addition to a real estate portfolio, benefiting from the sustained economic resilience of Southern California.
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