Euclid Ave Three Unit 3658-60 Euclid Ave

3 Unit Apartment Building $950,000 ($316,667/Unit) 5.58% Cap Rate San Diego, CA 92105

INVESTMENT HIGHLIGHTS

  • Conveniently located
  • Rental upside
  • Detached front house

EXECUTIVE SUMMARY

$50k price reduction. Bring offers!
South Coast Commercial is pleased to present this value-add income-producing property featuring three units across two structures. The property includes a spacious two-bedroom front house with a private yard and fruit-bearing trees, as well as a two-story duplex at the rear, consisting of two one-bedroom units. Rent out the property for strong cash flow or move in and enjoy the benefit of rental income in a rapidly developing neighborhood. Conveniently located within walking distance of restaurants, schools, and shopping.
NOI is pro forma. One bedroom unit is vacant. Current rents on offering Memorandum.

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $76,800 $46.55
Other Income - -
Vacancy Loss $2,300 $1.39
Effective Gross Income $74,500 $45.15
Taxes $11,289 $6.84
Operating Expenses $10,769 $6.53
Total Expenses $22,058 $13.37
Net Operating Income $52,442 $31.78

PROPERTY FACTS

Price $950,000
Price Per Unit $316,667
Sale Type Investment
Cap Rate 5.58%
Gross Rent Multiplier 12.4
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.11 AC
Building Size 1,650 SF
Average Occupancy 66%
No. Stories 2
Year Built 1950
Parking Ratio 1.21/1,000 SF
Opportunity Zone Yes

UNIT AMENITIES

  • Storage Space

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 1 - 800
1+1 2 - 500
Walk Score®
Very Walkable (83)

ZONING

Zoning Code Commercial (Commercial)
  • Listing ID: 34616173

  • Date on Market: 1/27/2025

  • Last Updated:

  • Address: 3658-60 Euclid Ave, San Diego, CA 92105