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Priced at $1,999,000, this multifamily apartment building located at 5419 Lauretta St in San Diego, CA, presents a dual-unit investment opportunity. The asset currently maintains a 3% cap rate. Situated in the 92110 zip code, the property benefits from its position within a major coastal California city known for a resilient rental market and consistent demand for housing. San Diego serves as a hub for diverse industries, including biotechnology, defense, and tourism, which contribute to a steady influx of residents and professionals seeking transit-accessible living options. Investors may find this configuration suitable for long-term residential leasing or as a manageable addition to a local real estate portfolio. Its two-unit structure offers straightforward management potential while providing exposure to the established San Diego market. The location provides connectivity to surrounding neighborhoods and regional transit arteries, appealing to tenants who prioritize proximity to the urban center and coastal lifestyle amenities.
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