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Berkshire Hathaway HomeServices California Properties

559-565 61st St, San Diego, CA 92114

$1,875,000 Approx. USD

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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

Miles S Slater
Lic#: 02151498
Broker: Courtesy of Landmark Multifamily and Development
Phone: 425-405-8892

Listing Details

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

Property Sub-Type:

Status: ACTIVE

Listing ID: 260015251

List price is $1,875,000 Reduced by $100,000 on 7/10/2026

Price: $1,875,000

Rental Rate: $1,875,000

Lot Size:

0.00 acres

County: San Diego

Last Updated: 7/10/2026

Days On Market (DOM): 38

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Lat/Long: 32.711089, -117.066227.
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Lot Details

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

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Property Details

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.

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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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