$1,935,000
PENDING $90K PRICE DROP

Estimated payment $12,163/month

3 Beds
2 Baths
4,800 Sq Ft
$403 Price per Sq Ft

About This Home

5011–15 Auburn Drive is a 9-unit multifamily property in San Diego’s rapidly developing City Heights neighborhood. Spanning over 33,000 sq ft across two legal parcels, the property features three buildings: two 2-story fourplexes with 1 bed/1 bath units, and a detached single-level 2 bed/1 bath home. The property includes a free-standing garage with potential for an ADU conversion, as well as an additional owner’s storage shed that also offers the possibility of conversion into another ADU (buyer to verify all). Ample parking includes 4 open spaces, 4 tandem spots, and a long driveway with a garage accommodating up to 4 vehicles. A common coin-operated laundry room provides added convenience for residents. With the ability to secure 30 year fixed residential financing on one parcel, this investment offers a rare opportunity to unlock long-term potential in a high-demand rental market. The two legal parcels also provide an added exit strategy, allowing an investor to sell the parcels individually if desired. Don’t miss this competitively priced investment—perfect for repositioning and long-term growth.

Listing Agent

Cody Evans

South Coast Commercial, Inc. License #01399935 Listed on: 05/27/2025

South Coast Commercial, Inc.

Property Details

Home Type

  • Multi-Family

Parking

  • 16 Parking Spaces

Home Design

  • 4,800 Sq Ft Home

Additional Features

  • 3 Bedrooms
  • 0.76 Acre Lot

Community Details

Overview

  • 3 Buildings
  • 9 Units

Building Details

  • Operating Expense $51,998

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 4.9
  • Co List Office Mls Id: 69464
  • Living Area: 4800.0
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 3

Garage/Parking

  • Total Parking Spaces: 16.0

Lot Info

  • Lot Size Sq Ft: 33193.0

Multi Family

  • Number Of Buildings: 3
  • Number Of Units Total: 9
  • Annual Operating Expense: 51998.0
  • Total Actual Rent: 12414.0

Map

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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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 List to Sale Price per Sq Ft
10/20/2025 10/20/25 Pending -- -- --
07/23/2025 07/23/25 Price Changed $1,935,000 -2.3% $403 / Sq Ft
06/26/2025 06/26/25 Price Changed $1,980,000 -2.2% $413 / Sq Ft
05/27/2025 05/27/25 For Sale $2,025,000 -- $422 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250028625

San Diego MLS