Cereza Street Apartments

Highlights:

• New Construction
• Furnished Units
• Diverse Unit Mix
• Efficient Floor Plans
• Surface Parking
• Gated Community
• Modern Finishes
• In-Unit Laundry
• Comfort & Storage
• Regional Connectivity

Description:

Cereza Street Apartments
A Stabilized New Construction Investment in San Diego

Located in the vibrant Lincoln Park neighborhood of San Diego, this fully renovated 11-unit apartment community offers investors a stabilized, turn-key asset in one of the city’s highest-demand rental corridors. Originally constructed in 2023 and recently updated in 2025, the 8,380 SF property showcases contemporary design, modern infrastructure, and efficient layouts across a desirable unit mix of one-and two-bedroom apartments.

Sited on a 0.23-acre lot, the property delivers a clean, low-maintenance investment with quality in-place tenants and minimal near-term capital needs. Recent upgrades include new kitchens, bathrooms, flooring, and building systems, creating long-term durability and appeal. With strong operating income and competitive cost per square foot, this asset offers immediate yield with long-term appreciation potential.

Lincoln Park is a dynamic and evolving submarket within central San Diego, offering excellent connectivity to major employment hubs including Downtown, National City, and the rapidly expanding Mid-City corridor. The area has experienced consistent rent growth and limited new supply, supported by ongoing revitalization efforts, infrastructure improvements, and proximity to public transportation. Its affordability relative to nearby neighborhoods continues to attract tenants seeking quality housing with urban accessibility.

Cereza Apartments offers thoughtfully designed residences that blend modern construction, efficient floor plans, and contemporary finishes to meet the needs of today’s renters. The community features a desirable mix of one- and two-bedroom apartments with open-concept living areas, well-appointed kitchens, hardwood-style flooring, stainless steel appliances, and in-unit laundry. Select residences offer private balconies with elevated neighborhood views, while the efficient layouts maximize functionality and livability throughout each home.

Designed with both resident comfort and long-term asset performance in mind, the property incorporates modern building systems, mini-split heating and air conditioning, secure gated access, and designated on-site parking. The newly constructed community provides a low-maintenance living environment with quality finishes, abundant natural light, and contemporary design elements throughout. Combined with its central location near Downtown San Diego, major employment centers, transit corridors, and everyday amenities, Cereza Apartments represents a highly competitive rental product within one of San Diego's emerging urban neighborhoods.

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