$2,525,000

Estimated payment $15,978/month

Total Views 2,443
8 Beds
7 Baths
3,217 Sq Ft
$785 Price per Sq Ft

Highlights

  • No HOA
  • Park
  • Stacked Washer and Dryer
  • Garfield Elementary Rated A-
  • Laundry Room
  • 5-minute walk to North Park Community Park

About This Home

Rare Opportunity to own a newer apartment building finished in 2020 in one of San Diego's most prestigious neighborhoods. This property generates great cash flow at $13,065 per month and gives the new owner the opportunity to take advantage of a newly constructed apartment complex with paid off solar. Utah St has plenty of onsite parking both in front and on alley as well as in unit washer and dryers. It’s a 5 Unit building. 2 (2/2), 2 (2/1) and a studio. The two bedrooms range in size from 750 sqft - 845 sqft. This location attracts young professionals who are looking for a great central location as well as a beautiful building with contemporary finishes. Located just off of El Cajon blvd within minutes of all the action. The building is fully leased out with great tenants who love the property.

Listing Agent

Lionel Correia

LPT Realty, Inc. Brokerage Email: lionel_correia@yahoo.com License #02005632 Listed on: 08/28/2025

LPT Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2020

Lot Details

  • 4,666 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 3,217 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 446-302-08-00
  • Assessor Parcel Number 4463020800

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Recreation

  • Park

Building Details

  • 5 Separate Electric Meters
  • 2 Separate Water Meters
  • Gross Income $156,780
  • Net Operating Income $124,694

Property Details

Home Type

Multi-Family

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 505000
  • Property Attached: Yes
  • View: No
  • Zoning: R-3:RESTRICTED MULTIPLE
  • Property Type: Residential Income
  • Parcel Number: 4463020800
  • Year Built: 2020
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Front or Back
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 784.89

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Stackable

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights, Park

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4666.00
  • Lot Size Acres: 0.1071

Multi Family

  • Gross Income: 156780.00
  • Gross Scheduled Income: 156780.00
  • Lot Size Area: 4666.0000 Square Feet
  • Net Operating Income: 124694.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 5
  • Operating Expense: 32085.00
  • Rent Control: No

Tax Info

  • Tax Lot: 446-302-08-00
  • Tax Tract Number: LP0008

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2025 08/28/25 For Sale $2,525,000 -- $785 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2506548

California Regional Multiple Listing Service (CRMLS)