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
![3658-60 Euclid Ave, San Diego, CA for sale - Primary Photo - Image 1 of 12](https://images1.loopnet.com/i2/B1ZusIvVxj0yM5G07yzGSTLfP0ViQi3OQDAi1wWy-ck/110/3658-60-Euclid-Ave-San-Diego-CA-Primary-Photo-1-Large.jpg)
![3658-60 Euclid Ave, San Diego, CA for sale - Building Photo - Image 2 of 12](https://images1.loopnet.com/i2/VAi3d2yEEWkW2nEtYTRp4sizswus7zFCfbgdK5FzlE4/110/3658-60-Euclid-Ave-San-Diego-CA-Building-Photo-2-Large.jpg)
![3658-60 Euclid Ave, San Diego, CA for sale - Building Photo - Image 3 of 12](https://images1.loopnet.com/i2/nslq8F0rIJ8S8hwh0fbc1cDk-xE2D8PcbA7G97L_zyg/110/3658-60-Euclid-Ave-San-Diego-CA-Building-Photo-3-Large.jpg)
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.
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
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$46.55
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Other Income |
-
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-
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Vacancy Loss |
$2,300
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$1.39
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Effective Gross Income |
$74,500
![]() |
$45.15
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Taxes |
$11,289
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$6.84
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Operating Expenses |
$10,769
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$6.53
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Total Expenses |
$22,058
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$13.37
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Net Operating Income |
$52,442
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$31.78
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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 |
1 of 1
Walk Score®
Very Walkable (83)
ZONING
Zoning Code | Commercial (Commercial) |