3050 K

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3050 K

San Diego, CA 92102
Asking Price
$1.49M
Cap Rate
5%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building located in San Diego
  • Asset offered at an asking price of 1490000
  • Current capitalization rate for this property is 5%
  • Building configuration consists of three separate units
  • Strategically situated within the 92102 zip code

What's Special

San Diego remains a resilient real estate market driven by a diverse economy and consistent demand for residential housing near the urban core. Positioned at 3050 K in the 92102 zip code, this multifamily asset presents a clear investment profile within a high-density coastal metro area. The property functions as an apartment building, providing a tangible opportunity for portfolio expansion or long-term rental income generation. Given the consistent influx of residents to the region, this location is well-suited for attracting a stable tenant base seeking proximity to regional employment hubs and local infrastructure. Investors can leverage the existing structure to capture current market rents while benefiting from the property's strategic placement in a mature urban neighborhood. This site offers functional utility for those targeting mid-sized residential holdings in a supply-constrained environment.

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NOI
$80,000
Cap Rate
5.37%
DSCR
0.90
Underwater
Cash-on-Cash
-1.89%
Monthly Payment
$7,371.707
Annual Cash Flow
$-8,460.484

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