$4,000,000
$200K PRICE DROP

Estimated payment $25,291/month

-- Bed
-- Bath
6,550 Sq Ft
$611 Price per Sq Ft

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.

Listing Agent

Bill Anderson

Acre Investment Real Estate License #01441142 Listed on: 08/13/2025

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

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Unit Levels: 2 Story
  • Property Sub Type: Com-Res Income
  • Community Features: BBQ
  • CapRate: 4.76
  • Co List Office Mls Id: 69201
  • Living Area: 6550.0
  • Structure Type: Apartment
  • ShortSale: No
  • Special Features: VirtualTour

Garage/Parking

  • Parking Features: None

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 12
  • Annual Operating Expense: 100035.0

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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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
10/02/2025 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

Source: San Diego MLS

MLS Number: 250036121

San Diego MLS

APN: 436-581-19-00