858-525-5007

2959 54th St, San Diego CA 92105 | $3,525,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 0 Lot Sq Ft
  • Type: Commercial/Residential
  • Stories: 0
  • Year Built: 0
  • MLS#: 2600970SD
  • Community: 92105 - East San Diego

Listing provided courtesy of Christina Labowicz of ACI Apartments. Last updated 2026-02-18 09:30:24.000000. Listing information © 2025 SANDICOR.

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.

More Details

Parking Spots: 12.00
Construction Materials: Stucco
Heating: Wall Furnace

David Piper​

Call or Text: 858-525-5007

DRE# 02021985