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Glen Henderson

[email protected] +1(619) 889-7646

$1,875,000

Est. payment - /mo

16 Beds

8 Baths

0.36 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

MLS Listing ID 260015251

Bedrooms 16

Full Baths 8

Lot Size 0.358 Acres

Property Sub-Type Com-Res Income

Property Type Com-Res Income

Property Description

559-565 61st Street is a rare opportunity to acquire a 7 unit multifamily asset situated across four separate structures on a large 15,606 square foot lot. The property features a desirable unit mix of (6) 2 bedroom/1 bathroom units and (1) 4 bedroom/2 bathroom unit, providing broad tenant appeal and strong occupancy potential. Current rents remain below market, creating a clear opportunity to increase cash flow through interior renovations, strategic lease up, and professional management. An existing RUBS program provides supplemental income while helping offset utility expenses. Encanto remains an attractive investment submarket driven by its relative affordability, strong neighborhood character, and convenient access to transportation. The property is located within walking distance of the Encanto/62nd Street Trolley Station, offering direct connectivity to Downtown San Diego. The property is located within a Federal Opportunity Zone, offering significant tax advantages for qualifying capital gains investments.

Location

State CA

County San Diego

Community Other/Remarks

Area Metro Central

Interior

Fireplace No

Exterior

View Y/N No

Total Parking Spaces 12

Building

Story 1

Others

Senior Community No

Tax ID 549-052-10-00

Virtual Tour https://www.propertypanorama.com/instaview/snd/260015251

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Listed by Miles S Slater, DRE#02151498 Landmark Multifamily and Development

Nearby School & Business

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

559-565 61st St San Diego, CA 92114

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information