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$ 1,975,000
Est. payment | /mo
0.36 Acres Lot
$ 1,975,000
Est. payment | /mo
0.36 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260015251SD
HOA Y/N No
Lot Size 0.358 Acres
Property Sub-Type Mixed Use
Property Description
559-565 61st Street is a rare opportunity to acquire a 7 unit multifamily asset situated across four separate structures on a large 15,606 square foot lot. The property features a desirable unit mix of (6) 2 bedroom/1 bathroom units and (1) 4 bedroom/2 bathroom unit, providing broad tenant appeal and strong occupancy potential. Current rents remain below market, creating a clear opportunity to increase cash flow through interior renovations, strategic lease up, and professional management. An existing RUBS program provides supplemental income while helping offset utility expenses. Encanto remains an attractive investment submarket driven by its relative affordability, strong neighborhood character, and convenient access to transportation. The property is located within walking distance of the Encanto/62nd Street Trolley Station, offering direct connectivity to Downtown San Diego. The property is located within a Federal Opportunity Zone, offering significant tax advantages for qualifying capital gains investments.
Location
State CA
County San Diego
Area 92114 - Encanto
Interior
Fireplace No
Exterior
Total Parking Spaces 12
Others
Tax ID 5490521000
Listed by Miles Slater Landmark Multifamily and Devel #02151498
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