3246-3248 Clairemont Mesa Boulevard

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3246-3248 Clairemont Mesa Boulevard

San Diego, CA 92117
Asking Price
$1.45M
Cap Rate
2.97%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for sale in San Diego
  • The residential property contains a total of two units
  • Current offering price for the apartment asset is 1,450,000 dollars
  • Investment opportunity currently reflects a 2.97 percent cap rate
  • Property is situated in the 92117 area of California

What's Special

This multifamily apartment building at 3246-3248 Clairemont Mesa Boulevard in San Diego, California, is currently available for sale. The property consists of two units and presents an acquisition opportunity for investors focused on the coastal Southern California market. San Diego remains a major economic hub with a diverse economy fueled by defense, biotechnology, and tourism sectors, consistently driving demand for residential housing units. With its location in the 92117 ZIP code, this asset is well-positioned for long-term hold strategies or portfolio expansion within a highly competitive rental market. The density of the surrounding suburban landscape provides stable fundamentals for residential occupancy. Investors seeking to capitalize on San Diego's established apartment sector will find the two-unit configuration manageable and consistent with local multifamily trends. The site provides proximity to major regional thoroughfares and coastal access, making it a viable addition for those targeting high-demand urban infill markets.

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NOI
$80,000
Cap Rate
5.52%
DSCR
0.93
Underwater
Cash-on-Cash
-1.40%
Monthly Payment
$7,173.809
Annual Cash Flow
$-6,085.706

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