DETAILS

Turnkey 6-Unit Investment with Immediate Equity & Strong Cash Flow Potential. For investors seeking a strategic 1031 exchange or a high-demand, long-term buy-and-hold asset, this six-unit portfolio delivers immediate value. Priced at $2.65M, buyers step into built-in equity, with the units’ full market valuation closer to $2.9M—creating an instant advantage in today’s market. This offering includes six of eight total units in a well-maintained condo building. All units are currently tenant-occupied with month-to-month leases, providing flexibility for repositioning or seamless continuity of income. The property has historically low vacancy rates, reflecting strong rental demand in this sought-after, freeway-accessible yet quiet location. Unit Mix & Features: (2) 2BD/2BA (2) 2BD/1BA (2) 1BD/1BA Garages: Each 2-bedroom unit includes a private 1-car garage Shared Amenities: On-site laundry room, new common water heater. Recent Capital Improvements: New roof – reducing future CapEx Exterior fully renovated – Fresh paint, new doors, new fencing, repaired stucco, balconies, and facia - minimal deferred maintenance. Interiors are in solid condition, offering a low-maintenance investment with room for value appreciation. With a strong rent roll close to market rates, no major repositioning is required—yet there’s flexibility to optimize returns over time. Cash, nonQM, or hard money financing only. Investors looking for a turnkey asset with built-in equity and stable cash flow—this is it. Contact for full financials and details.

PROPERTY FEATURES

Total Number of Units : 6

PROPERTY DETAILS

Street Address: 3870 37th St
City: San Diego
State: California
Postal Code: 92105
County: San Diego
MLS Number: 250020775
Courtesy of Real Broker

Similar Properties

listing main pic Active
$34,500,000
1,775,505 Sqft
11495 Cypress Canyon Rd, San Diego, CA, 92131
disclaimer image Courtesy of Wilhelmy Realty
listing main pic Active
$31,000,000
62,500 Sqft
4475 Mission Bouleard, San Diego, CA, 92109
disclaimer image Courtesy of Tony Franco Realty, Inc.
listing main pic Active
$25,650,000
Address not disclosed, San Diego, CA, 92101
disclaimer image Courtesy of Tyler Sinks, Broker