ActiveCommercial · sale

559 61st St

San Diego, CA 92114

$1,750,000

  • 0.36 acres

Listed by Landmark Multifamily and Development · MLS #260015251SD

559 61st St, San Diego, CA 92114 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Property size

0.36 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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559565 61st Street is a rare opportunity to acquire a 7 unit multifamily asset situated across four separate structures on a large 15606 square foot lot The property features a desirable unit mix of 6 2 bedroom1 bathroom units and 1 4 bedroom2 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 Encanto62nd 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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THE NEIGHBORHOOD

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559 61st St, San Diego, CA 92114

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THE DETAILS

The details, all in one place.

Property type
CommercialSale
Category
Commercial
Parcel
5490521000
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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559 61st St, San Diego, CA 92114 · MLS #260015251SD

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Listing information

MLS #260015251SD · California Regional MLS

Listing brokerage: Landmark Multifamily and Development
Listing agent: Miles Slater

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.