3054-56 J St | 3054-56 J St
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3054-56 J St 3054-56 J St
2 Unit Apartment Building $750,000 ($375,000/Unit) San Diego, CA 92102
Investment Highlights
- RM-1-1 zoning and located within SDA
- Spacious lot at almost 7,000 sq ft
- Prime value-add opportunity
Executive Summary
This property features two 2-bedroom, 1-bathroom units on a spacious 6,850 sq ft lot, with RM 1-1 zoning and located within SDA. Whether you’re interested in upgrading the current units or exploring new development, the potential for adding value is substantial.
Located in Grant Hill, this property offers easy access to major freeways, public transportation, shopping, and dining. It is also close to top attractions like Balboa Park, downtown San Diego, and the waterfront, making it an appealing location for tenants seeking convenience and a vibrant lifestyle. The lot size and zoning provide flexibility for investors to expand, redevelop, or enhance the property to meet the growing demand for housing in the area.
Located in Grant Hill, this property offers easy access to major freeways, public transportation, shopping, and dining. It is also close to top attractions like Balboa Park, downtown San Diego, and the waterfront, making it an appealing location for tenants seeking convenience and a vibrant lifestyle. The lot size and zoning provide flexibility for investors to expand, redevelop, or enhance the property to meet the growing demand for housing in the area.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$55,200
|
$41.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,656
|
$1.26
|
| Effective Gross Income |
$53,544
|
$40.69
|
| Taxes |
$9,000
|
$6.84
|
| Operating Expenses |
$11,528
|
$8.76
|
| Total Expenses |
$20,528
|
$15.60
|
| Net Operating Income |
$33,016
|
$25.09
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $55,200 |
| Annual Per SF | $41.95 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,656 |
| Annual Per SF | $1.26 |
| Effective Gross Income | |
|---|---|
| Annual | $53,544 |
| Annual Per SF | $40.69 |
| Taxes | |
|---|---|
| Annual | $9,000 |
| Annual Per SF | $6.84 |
| Operating Expenses | |
|---|---|
| Annual | $11,528 |
| Annual Per SF | $8.76 |
| Total Expenses | |
|---|---|
| Annual | $20,528 |
| Annual Per SF | $15.60 |
| Net Operating Income | |
|---|---|
| Annual | $33,016 |
| Annual Per SF | $25.09 |
Property Facts In Escrow
| Price | $750,000 | Building Class | C |
| Price Per Unit | $375,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 1,316 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Single Family Home |
| Price | $750,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 1,316 SF |
| No. Stories | 1 |
| Year Built | 1964 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,250 | - |
1 of 1
Walk Score ®
Very Walkable (82)
zoning
| Zoning Code | RM-1-1 & SDA |
| RM-1-1 & SDA |
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3054-56 J St | 3054-56 J St
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