Low Price Per Unit Apartments For Sale

Highlights:

• Asking $225,000 Per Unit
• Value Add Opportunity
• Rental Upside
• ADU Potential
• Ability to Lock-In 30 Year Residential Fixed Financing on One Property
• Opportunity Zone Location
• 33,193 Sq Ft Parcel
• Two Legal Adjoining Parcels

Description:

PROPERTY OVERVIEW
5011–15 Auburn Drive is a 9-unit multifamily property in San Diego’s rapidly developing City Heights neighborhood. Spanning over 33,000 sq ft across two legal parces, the property features three buildings: two 2-story fourplexes with 1 bed/1 bath units, and a detached single-level 2 bed/1 bath home. The property includes a free-standing garage with potential for an ADU conversion, as well as an additional owner’s storage shed that also offers the possibility of conversion into another ADU (buyer to verify all). Ample parking includes 4 open spaces, 4 tandem spots, and a long driveway with a garage accommodating up to 4 vehicles. A common coin-operated laundry room provides added convenience for residents. With the ability to secure 30 year fixed residential financing on one parcel, this investment offers a rare opportunity to unlock long-term potential in a high-demand rental market. The two legal parcels also provide an added exit strategy, allowing an investor to sell the parcels individually if desired. Don’t miss this competitively priced investment—perfect for repositioning and long-term growth.

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