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Six-Unit, Newly Constructed Multifamily Asset - FOR SALE

$3,340,000

3305-3309 Clairemont Mesa Boulevard, San Diego, CA 92117

Active
Last Updated: 06/25/2026

5

Cap Rate

4,650 sqft

Building Size

Details:
Cap Rate:    5%
Building Size:    4,650 sqft
Lot Area:    6,083 sqft
Year Built:    2026
Price Per Sqft:    $717
Price Per Unit:    $556,000
Zoning:    RM-1-1
Highlights:
  • Brand-New Construction - A 2026-delivered, six-unit asset with no deferred maintenance, modern systems, and a long depreciable basis for the next owner.
  • Delivered Vacant - Mark To Market - Offered 100% vacant with no legacy leases. A new owner sets every rent at market on day one across the full rent roll.
  • Irreplaceable Infill Location - On the Clairemont Mesa Blvd corridor, central to Bay Park and Bay Ho with immediate access to the 805, 52, and 163.
  • Rooftop-Deck Premium Units - Two residences feature private rooftop decks that command top-of-market rents and differentiate the asset from older stock.
  • Efficient New-Build Expense Profile - New construction holds the operating-expense ratio near 29% of EGI - well below the cost burden of comparable vintage product.
  • Priced Below Per-Unit Comps - At $556K per unit the offering prices beneath the $562K closed-comp average and between the two direct 2025 six-unit sales.
Description:

Commercial Asset Advisors is pleased to present 3305-3309 Clairemont Mesa Blvd, a six-unit, newly constructed multifamily asset in the heart of San Diego's Clairemont submarket. The offering represents a rare opportunity to acquire brand-new, vacant product - no deferred maintenance, no legacy leases, and a clean path to market rents - in an irreplaceable infill location.

Comprising five two-bedroom residences and one one-bedroom residence across 4,650 square feet of building area, the property features modern finishes, efficient layouts, and two units with private rooftop decks - durable, low-maintenance income with the flexibility to set every rent at market upon completion.

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