5747 Lauretta St San Diego, CA 92110
Morena NeighborhoodEstimated payment $25,291/month
About This Home
We are pleased to present THE PALMS, a 12-unit multifamily investment in San Diego’s desirable Linda Vista neighborhood, directly across from the University of San Diego (USD). Built in 1962 and extensively renovated in 2017, the property blends modern upgrades with mid-century charm. Situated on a 9,984 SF lot, it features ten (10) one-bed/one-bath units and two (2) studios, totaling ~6,350 rentable SF. Each unit is separately metered for gas and electricity, ensuring cost-efficient operations. Highlights: Fully renovated interiors with granite countertops, new cabinetry, stainless steel appliances, luxury vinyl plank flooring, updated baths, lighting, and fresh paint. One unit has in-unit laundry; new plumbing on the first floor of Building 1. Exterior upgrades include dual-pane windows, new roof (2017), fresh paint, enhanced pool and deck, new concrete, fencing, patio furniture, updated landscaping, controlled access, owner-operated laundry, and six (6) storage units for added income. The Palms offers a walkable location with retail, dining, shopping, and recreation nearby. Steps from USD, with 9,041 enrolled in 2025, it is ideal for students and faculty. This is a fully renovated, stabilized asset with strong rental demand and low maintenance. Upside potential includes implementing RUBS for utility cost recovery and adjusting rents to market rates, enhancing NOI, cash flow, and ROI.
Property Details
Home Type
- Multi-Family
Home Design
Interior Spaces
- 6,550 Sq Ft Home
- 2-Story Property
Community Details
Overview
- 2 Buildings
- 12 Units
Additional Features
- Community Barbecue Grill
- Operating Expense $100,035
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | List to Sale | Price per Sq Ft |
---|---|---|---|---|
10/02/2025 10/02/25 | Price Changed | $4,000,000 | -4.8% | $611 / Sq Ft |
08/13/2025 08/13/25 | For Sale | $4,200,000 | 0.0% | $641 / Sq Ft |
03/05/2025 03/05/25 | Off Market | -- | -- | -- |
01/17/2025 01/17/25 | For Rent | -- | -- | -- |
11/04/2024 11/04/24 | Off Market | -- | -- | -- |
03/13/2024 03/13/24 | Price Changed | $1,995 | +11.1% | $4 / Sq Ft |
11/08/2023 11/08/23 | For Rent | $1,795 | -- | -- |
Source: San Diego MLS
MLS Number: 250036121

APN: 436-581-19-00
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