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Berkshire Hathaway HomeServices California Properties

2959-81 54th St, San Diego, CA 92105

$3,325,000 Approx. USD 9,360 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Christina M Labowicz
Lic#: 02055851
Broker: Courtesy of ACI Apartments
Phone: 858-876-5701

Listing Details

Property type: Com-Res Income (Multi-Family)

Property Sub-Type:

Status: PENDING

Listing ID: 2600970

List price is $3,325,000 Reduced by $200,000 on 3/24/2026

Price: $3,325,000

Rental Rate: $3,325,000

Lot Size:

9,360 sqft

0.00 acres

County: San Diego

Parking type: Spaces

Construction: Stucco

Parking description: Spaces

Heating description: Wall

Last Updated: 7/7/2026

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Lat/Long: 32.736184, -117.079217.
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Lot Details

Easement Present: (Easement present. For more information, contact agent.)

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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.

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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