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In-PersonVirtual Tour
$ 4,000,000
Est. payment | /mo
6,550 SqFt
$ 4,000,000
Est. payment | /mo
6,550 SqFt
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Pending
Purchase Type For Sale
Square Footage 6,550 sqft
Price per Sqft $610
MLS Listing ID 250036121
Property Sub-Type Com-Res Income
Property Description
We are pleased to present THE PALMS, a 12-unit multifamily investment in San Diego's desirable Linda Vista neighborhood, directly across from the University of San Diego (USD). Built in 1962 and extensively renovated in 2017, the property blends modern upgrades with mid-century charm. Situated on a 9,984 SF lot, it features ten (10) one-bed/one-bath units and two (2) studios, totaling ~6,350 rentable SF. Each unit is separately metered for gas and electricity, ensuring cost-efficient operations. Highlights: Fully renovated interiors with granite countertops, new cabinetry, stainless steel appliances, luxury vinyl plank flooring, updated baths, lighting, and fresh paint. One unit has in-unit laundry; new plumbing on the first floor of Building 1. Exterior upgrades include dual-pane windows, new roof (2017), fresh paint, enhanced pool and deck, new concrete, fencing, patio furniture, updated landscaping, controlled access, owner-operated laundry, and six (6) storage units for added income. The Palms offers a walkable location with retail, dining, shopping, and recreation nearby. Steps from USD, with 9,041 enrolled in 2025, it is ideal for students and faculty. This is a fully renovated, stabilized asset with strong rental demand and low maintenance. Upside potential includes implementing RUBS for utility cost recovery and adjusting rents to market rates, enhancing NOI, cash flow, and ROI.
Location
State CA
County San Diego
Community Bbq
Area Metro
Interior
Fireplace No
Exterior
Parking Features None
View Y/N No
Building
Dwelling Type Apartment
Story 2
Others
Senior Community No
Tax ID 4365811900
Virtual Tour https://www.propertypanorama.com/instaview/snd/250036121
Listed by Bill Anderson Acre Investment Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "