See all 8 photos
8 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$4,100,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260011442SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
Pleased to present 5260-62 Rex Ave, a 13-unit apartment complex located in the City Heights neighborhood of San Diego. Built in 1987, the property consists entirely of two-bedroom, two-bathroom units. Units feature dual-pane windows, granite and tile countertops, and predominantly tile flooring. Eight of the thirteen units have been updated with new kitchens and bathrooms, positioning the property for strong day-one cashflow. The complex has had new roofs installed in 2016, which are equipped with solar panels to offset utility costs, and one of two plumbing systems have been recently replaced with copper pipes. Residents enjoy ample surface parking, 11 garages, and access to convenient on-site, shared laundry facilities. Well-maintained and already mostly renovated, the property offers immediate income with additional upside through strategic unit improvements and ADU conversions. Its strong unit mix, recent capital improvements, potential investment upside, and high-demand rental market location creates a compelling opportunity for investors.
Location
State CA
County San Diego
Area 92105 - East San Diego
Interior
Fireplace No
Others
Tax ID 47249119,18,17
Virtual Tour https://www.propertypanorama.com/instaview/snd/260011442
Read Less Info
Listed by Conor Brennan Conor Brennan, Broker #01918598
Nearby Locations
GET MORE INFORMATION