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$ 4,450,000
Est. payment /mo
New
5747 Lauretta St San Diego, CA 92110
UPDATED:
02/20/2025 07:00 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250019244
Property Description
We are pleased to present THE PALMS, a 12-unit multifamily investment opportunity in the highly desirable Linda Vista neighborhood of central San Diego. The property is ideally positioned across from the University of San Diego (USD) and offers exceptional long-term value in a walkable, amenity-rich location. Originally built in 1962, The Palms underwent a major renovation in 2017, modernizing both interior and exterior features while preserving its mid-century charm. The property sits on a spacious 9,984-square-foot lot and consists of ten (10) one-bedroom, one-bath units, and two (2) studio units, totaling approximately 6,350 rentable square feet. Each unit is individually metered for gas and electricity, ensuring cost-efficient operations for ownership. Fully renovated interiors featuring modern granite countertops, new cabinetry, stainless steel appliances (refrigerator, range, built-in microwave, and dishwasher), luxury vinyl wood plank flooring, updated bathroom vanities, fixtures, lighting, and fresh paint. One unit is equipped with an in-unit washer and dryer, and new plumbing was installed on the first floor of Building 1. Upgraded exterior and community amenities, including dual-pane retrofit windows, new roof (2017), fresh exterior paint, an enhanced pool area and deck with new concrete, fencing, patio furniture, and updated landscaping. The property also features controlled access entry, an on-site owner-operated laundry facility, and six (6) added storage units for additional revenue potential.
Location
State CA
County San Diego
Area Old Town Sd (92110)
Exterior
Exterior Feature Metal Fence
Parking Features None
Building
Story 2
Others
Space Rent $289,032
Virtual Tour https://www.propertypanorama.com/instaview/snd/250019244
Listed by Bill Anderson • Acre Investment Real Estate