2205-2217 Poinsettia Dr - Apartments FOR SALE


San Diego, CA 92106- Point Loma Heights
$3,000,000 USD
858-369-3085
2205-2217 Poinsettia Dr, San Diego, CA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/9
null | 3.91% Cap Rate

2205-2217 Poinsettia Dr
San Diego, CA 92106
Point Loma Heights


OVERVIEW

Poinsettia Apartments is a prime investment opportunity, perfectly located in the heart of Point Loma Village. This well-maintained property offers a desirable unit mix, including two 1-bedroom/1-bath, four 2-bedroom/1-bath, and one 3-bedroom/2-bath apartment homes. Parking is conveniently provided at a ratio of two spaces per unit. Recent capital improvements, such as new vinyl-pane windows, have been made, and select units feature moderate upgrades. Additionally, there is significant potential for a buyer to implement a full renovation program, which would allow for a substantial increase in rental income. The property is ideally situated just one block from a variety of restaurants, shops, a grocery store, and the public library, offering residents an easy walk to essential amenities. Point Loma Village is known for its laid-back, neighborhood vibe, with the perfect balance of coastal charm and convenience.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$594 USD /SF

# OF UNITS

7

PRICE/UNIT

$428,571

CAP RATE

3.91%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,986 SF

ZONING

R-3, San Diego

APN/PARCEL ID

449-630-15

ASK ABOUT THIS PROPERTY

Merrick MatricardiKidder MathewsMore Info
858-369-3085

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Merrick MatricardiKidder MathewsMore Info
858-369-3085

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.