Renovated Five-Unit Apartment
For Sale
$2,875,000
3034-42 Newell St, San Diego, CA 92106
The 2024 renovation delivers updated interiors, in-unit laundry, dishwashers, and mini-split air conditioning.
Property Size3,197 SF
Lot Size0.12 Acres
Days on Market35
Property Features for 3034-42 Newell St
General Information
Standard status
Active
Size
3,197 SF
Net Rentable
3,197 SF
Total Parking Spaces
5
Lot size
0.12 Acres
Property subtype
Multifamily
Occupancy
96%
Units
Unit Mix
4 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
5
Amenities
washer/dryer
dishwasher
mini-split air conditioning
private walk-in storage spaces
Trophy Asset in the heart of Point Loma
Fully Modernized Interior & Exterior Renovation in 2024
Substantial Rental Upside with No Additional Renovation Required
Newly Constructed Free-Stranding Bungalow
W/D, Dishwashers and Mini-Split A/C in All Units
Building Details
Building Size
3,197 SF
Year Built
1953
Year Renovated
2024
Units
5
Listing Agency:
Marcus & Millichap; 858-775-9825
Listed By:
Ben Sierpina · License #License(s): CA: 02062416
(858) 373-3215
Source:
Marcusmillichap
Added: Aug 2
Changed: Aug 15
Last Checked: Sep 4 at 2:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap; 858-775-9825
Investment Insights
Based on property information with market context.
Point Thirty is a five-unit apartment property at 3034–3042 Newell Street in San Diego’s Point Loma neighborhood. Originally built in 1953 and renovated in 2024, the property contains approximately 3,197 rentable square feet on an approximately 0.12-acre lot. The unit mix includes four one-bedroom, one-bathroom apartments and one two-bedroom, one-bathroom apartment, along with a newly constructed detached bungalow featuring a private fenced yard.
Each residence includes an LG full-size stackable washer and dryer, LG dishwasher, remote-controlled mini-split air conditioning, updated finishes, and custom lighting and fixtures. The property provides five on-site parking spaces and two newly constructed private walk-in storage buildings measuring 10' x 12' each. Storage amenities include fans, multiple electrical outlets, and lighting; conversion to a second ADU is subject to approval.
Each residence includes an LG full-size stackable washer and dryer, LG dishwasher, remote-controlled mini-split air conditioning, updated finishes, and custom lighting and fixtures. The property provides five on-site parking spaces and two newly constructed private walk-in storage buildings measuring 10' x 12' each. Storage amenities include fans, multiple electrical outlets, and lighting; conversion to a second ADU is subject to approval.
Key Highlights
- Five‑unit apartment property with approximately 3,197 rentable square feet
- 2024 renovation of a building originally constructed in 1953
- Unit mix includes four 1‑bedroom/1‑bathroom units and one 2‑bedroom/1‑bathroom unit
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,697
Businesses Nearby
Explore this area
Business Placement
Demographics for 92106, CA
20,214
Population
7,908
Households
2.6
Avg Household Size
39
Median Age
63%
College-Educated
97%
High-School Grad
5.7 sq mi
ZIP Area
3,546
Density / Sq Mi
$127,209
Median Household Income
$55,428
Median Earnings
$2,231
Median Rent
$1,359,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - The 2024 renovation delivers updated interiors, in-unit laundry, dishwashers, and mini-split air conditioning.
Where is this apartment building located?
The property is located at 3034-42 Newell St San Diego, CA.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: Five‑unit apartment property with approximately 3,197 rentable square feet; 2024 renovation of a building originally constructed in 1953; Unit mix includes four 1‑bedroom/1‑bathroom units and one 2‑bedroom/1‑bathroom unit
