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5388 Imperial Ave, San Diego, CA, 92114

5388 Imperial Ave

$1,150,000

Key Information

Cap Rate
5.08%
Tot. SF
3,290
Lot Size
0.1 Acres
Units
4
Type
Apartments
NOI
$58,407

Highlights

• 4-unit multifamily property built in 1973 on a ±4,428 SF lot in the Valencia Park neighborhood of Southeast San Diego
• Uniform unit mix of four 2-bedroom/1-bathroom units averaging ±800 SF each, giving the asset a consistent, easy-to-manage floor plan
• The property also shares a coin operated common laundry room generating significant added income
• Zoned RM-3-7 for multifamily residential use, the property sits on a fenced, gated lot with a private courtyard, 5 dedicated off-street parking for residents
• Its location places it within walking distance of Imperial Avenue retail and transit corridor, offering tenants convenient access to bus service and nearby daily amenities
• Remaining close to Downtown San Diego, National City, and the broader Southeast San Diego employment base
• The combination of small, efficient units, low per-unit operating costs, and a below-market in-place rent roll positions the property as a straightforward value-add opportunity
• 10% rental upside to market rents

Photos

Location

Agents

Broker of Record

David Harrington

License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245