Property Detail
Description
This rare six-unit multifamily investment opportunity in Middletown, one of San Diego’s most desirable rental markets, offers exceptional potential. Located on a spacious RM-3-7 zoned lot, the property provides numerous value-add possibilities, redevelopment flexibility, and strong rental demand. With the potential to convert studios into one-bedroom units, investors can increase both rents and property value. Projected rent growth of 8% this spring adds to the investment’s appeal. Additionally, the property comes with an assumable 3.26% fixed-rate mortgage with Chase through 2026. Its large lot and RM-3-7 zoning allow for increased density and redevelopment opportunities. Situated within walking distance of dining, retail, and entertainment, and with proximity to major employment hubs and easy freeway and transit access, the location is prime. Offering strong cash flow potential, this investment is ideal for long-term holds or redevelopment strategies.
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Listing provided courtesy of Jason Lee of JLM Real Estate Inc. Last updated 2025-04-25 08:34:08.000000. Listing information © 2025 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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