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$3,325,000
( )
 $17,849 est/mo Sourced by Back At You

2959 54th St,San Diego, CA 92105

San Diego, CA 92105

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Description

This beautifully refreshed 12-unit property presents a rare opportunity to acquire a pride-of-ownership asset with substantial income upside. Current rents offer immediate improvement potential, with just an 8.8% adjustment, investors can realize a meaningful increase in NOI while positioning the property for natural turnover to market rents. The 3-bedroom and 2-bedroom unit mix stands out in a market saturated with smaller one-bedroom and studio units, providing superior tenant demand and rent growth potential. Recent comparables have traded at similar price-per-unit metrics despite offering inferior layouts and limited income capacity, highlighting the value advantage of this asset. The 3 fourplexes also sit on 3 separate APNs offering the next buyer possible alternative exit strategies. With its recent exterior painting, new parking lot, strong fundamentals, and attractive unit composition, this property is poised to become a top performer in any portfolio.

Details

MLS #2600970SD
Listing TypeFor Sale
StyleMixeduse
Sub-TypeResale
StatusPending
Days On Site229
Listing Provided ByACI Apartments | Christina Labowicz

Features

Units12
Building(s)3
Acreage0.26

Interior

HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

Construction MaterialsStucco

Area Information

StateCA
CountySan Diego
CitySan Diego
Zip Code92105
Area92105 East San Diego
Listing VS Median (in 92105)
Price:
$3,325,000
low | high
Med:
$692,500
100% of Average
On site:
229
low | high
Med:
30
100% of Average
Sourced by Back At You

Market Activity 92105

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Learn More About This Property

Desert Lifestyle Properties

Desert Lifestyle Properties

 (760) 818-7518info@desertlifestyleproperties.com
StateCA
CountySan Diego
CitySan Diego
Zip Code92105
Area92105 East San Diego
Listing VS Median (in 92105)
Price:
$3,325,000
low | high
Med:
$692,500
100% of Average
On site:
229
low | high
Med:
30
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.493M - $4.156M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
5359 Redwood St Property Photo 1
$809,000
5359 Redwood St
San Diego, CA 92105
Listing Updated: August 21, 2026 at 11:18:16 PM PDT
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