Exceptional 17-unit gated multifamily investment opportunity in City Heights. Currently operating as a 62+ community, the property offers established operations, desirable amenities, and significant value-add potential. All units feature air conditioning, with an elevator and on-site laundry. Several units have been renovated, while the remaining units provide an opportunity for further upgrades and rental growth. The property is also eligible for the Complete Communities Housing Solutions program due to its location within a Sustainable Development Area (SDA), enhancing the property's underlying land value and providing significant long-term development upside. Ideally located in City Heights near Teralta Park, the property provides convenient access to Interstate 15 and is centrally positioned for access to Downtown San Diego and surrounding neighborhoods. Residents enjoy close proximity to shopping, dining, parks, public transportation, and a variety of everyday services.
| MLS # | 260021529SD |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 59 |
| Listing Provided By | San Terra Properties | Kim Klecan |
| Units | 17 |
|---|---|
| Building(s) | 1 |
| Acreage | 0.14 |
| Cooling | Wall Window Units |
|---|---|
| Heating Yes / No | No |
| Cooling Yes / No | Yes |
| Construction Materials | Stucco |
|---|
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92105 |
| Area | 92105 East San Diego |
| Listing VS Median (in 92105) | |
Price: $2,800,000 low | high Med: $635,450 On site: 59 low | high Med: 79 | |
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92105 |
| Area | 92105 East San Diego |
| Listing VS Median (in 92105) | |
Price: $2,800,000 low | high Med: $635,450 On site: 59 low | high Med: 79 | |
![]() | $2,950,0004228 El Cajon BlvdSan Diego, CA 92105 |
![]() | $2,800,0004357 39th StreetSan Diego, CA 92105 |