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listing
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CommercialFor Sale
$4,495,000
4030 Front St
San Diego, CA 92103
Listing Office: JLM Real Estate Inc
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$23,302/mo

Rare Hillcrest 14-unit multifamily investment with major rental upside. Located in one of San Diego’s strongest rental submarkets, this value-add opportunity includes (8) 1Bed/1Bath, (4) 2Bed/1Bath, and (2) Studios. All tenants are on month-to-month leases, offering maximum flexibility for rent increases and renovations. Current rents are below market, and new ownership can significantly increase income through targeted improvements—some of which have already been completed by the current ownership. With a current cap rate of 3.41% and a proforma cap of 6.37%, this property is ideal for investors seeking cash flow growth and long-term upside in a blue-chip location.

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Information courtesy of JLM Real Estate Inc is subject to verification and is not guaranteed.
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