Property Detail
Description
Exceptional investment opportunity featuring five residential units on one parcel, with four units currently occupied and one fully renovated unit vacant and ready for immediate occupancy or lease-up. Ownership has invested approximately $200,000 in capital improvements and renovations over the past six years, significantly enhancing the property's condition and long-term value. Major upgrades include a newer roof on the main building (approximately one year old), extensive stucco repairs, newer copper plumbing, four newer water heaters, and mostly newer dual-pane windows throughout the property. Units have been remodeled and updated as needed over time, including wall, ceiling, and sheetrock improvements. The property offers a desirable unit mix with strong in-place rental income and additional upside through the vacant unit. Two garages are scheduled to be delivered vacant at close of escrow, providing flexibility for owner use, tenant amenities, or potential additional income opportunities. A well-maintained asset with substantial recent improvements, stable occupancy, and future income potential, this property presents an attractive opportunity for both investors and owner-users seeking long-term value.
Map Location
Listing provided courtesy of Joe Velasco of Coldwell Banker Realty. Last updated 2026-06-16 08:11:21.000000. Listing information © 2026 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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