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$10,250,000
Est. payment /mo
0.46 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260006443SD
HOA Y/N No
Lot Size 0.459 Acres
Property Sub-Type Mixed Use
Property Description
Price reduced to $10,250,000. First time on the market—an exceptional and rare 21-unit, condo-quality asset in the heart of Mission Hills. This trophy investment offers immediate and substantial upside. Current rents are approximately $1,000 below market per unit, creating a clear path to increased cash flow. Positioned for a sophisticated value-add investor, the property presents multiple strategies to unlock value. These include potentially converting 16 garages into additional units (subject to approvals) or undertaking a full-scale renovation and repositioning to achieve premium market rents. Residents enjoy a highly desirable amenity package: gated entry, 15 open parking spaces, 16 garages, central AC/heat, private balconies and patios, 20 working fireplaces, elevator access, on-site laundry, and four expansive community BBQ/view decks. Ideally located at the end of Goldfinch Street in one of Mission Hills' most sought-after pockets, this offering combines strong in-place fundamentals with long-term appreciation and exceptional rental demand—an irreplaceable opportunity to elevate income and secure a premier asset in a supply-constrained market.
Location
State CA
County San Diego
Area 92103 - Mission Hills
Zoning RM-3-7
Interior
Heating Forced Air
Fireplace No
Exterior
Roof Type Composition,Tile
Total Parking Spaces 31
Others
Tax ID 4444111400
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Virtual Tour https://www.propertypanorama.com/instaview/snd/260006443
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Listed by Mark Morgan South Coast Commercial, Inc. #01339919
Nearby Locations
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