Property Detail
Description
This rare offering includes two contiguous parcels totaling approximately 40,425 square feet and a combined 13 units—6 units on one parcel and 7 units on the other. Each unit is a single-level, cottage-style residence, and the property includes multiple garages and ample surface parking. The investment currently delivers a 6.25% cap rate, with mostly month-to-month tenants in place, offering flexibility for future improvements or repositioning. There is signicant value-add potential: an investor could increase rents, add accessory dwelling units, or pursue a complete redevelopment (buyer to verify all options with the city). Located in an area already experiencing new construction, including a recently completed apartment building nearby, this property is well-positioned for long-term upside. Whether your strategy is to hold for income, enhance existing operations, or pursue higher density, this is a versatile asset with plenty of possibilities. Located steps away from the vibrant Atlantic avenues eateries and shopping centers. Enjoy the iconic Watts Towers and Augustus Hawkins National Park just 15 minutes away, or explore Plaza Mexico's cultural delight in Lynwood, a 10-minute drive. The Festival Carnaval Primavera in Downey adds nearby family fun.
Map Location
Listing provided courtesy of Joseph Lotfy of Berkshire Hathaway HomeService. Last updated 2025-07-20 08:11:28.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
Get Directions
858.252.0200
Inquire Now
Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
Interested in Pacific Beach property, specifically? Check out PacificBeach.RealEstate
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. © 2020 SDMLS ~ By contacting John Collins / Collins Coastal, you agree to receive customer service texts from this business. We will not send you messages without your consent and we will not sell your data. Providing your contact information is confirmation you agree to receive text messages and/or calls from John Collins / Collins Coastal, your phone provider may have fees for this service. Message frequency varies. You may reply STOP at any time to cancel or call us at 858.252.0200.
Powered By:
