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Renovated Five-Unit Apartment Building
For Sale
$2,875,000

3034 Newell Street, San Diego, CA 92106

Unit mix includes four one-bedroom residences and one two-bedroom residence, each with one bathroom.

Property SizeContact for details
Lot Size0.12 Acres
Days on Market8

Property Features for 3034 Newell Street

General Information

Standard status Active
Net Rentable 3,197 SF
Lot size 0.12 Acres
Property subtype Commercial

Units

Unit Mix 4 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 5

Amenities

custom lighting and fixtures
LG full-size stackable washer and dryer
LG dishwasher
remote-controlled mini-split air conditioning
privacy-fenced yard

Building Details

Year Built 1953
Year Renovated 2024
Listing Agency: Marcus & Millichap
Listed By: Ben Sierpina
Source: Sevengables
Added: Jul 30 Changed: Aug 3 Last Checked: Aug 6 at 4:41AM

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

Investment Insights

Based on property information with market context.

This five-unit apartment property at 3034 Newell Street includes approximately ±3,197 rentable square feet on an approximately 0.12-acre lot. Originally built in 1953, the property underwent a comprehensive renovation in 2024 with updated interiors, custom lighting and fixtures, and high-end finishes throughout. The unit mix comprises four one-bedroom, one-bathroom residences and one two-bedroom, one-bathroom residence.

The property also includes a newly constructed freestanding bungalow with no shared walls and a privacy-fenced yard. Each residence is equipped with an LG full-size stackable washer and dryer, an LG dishwasher, and remote-controlled mini-split air conditioning. The property is located in Point Loma in San Diego, California, near the bay and within the historic Old Point Loma setting.

Key Highlights

  • Five‑unit apartment property with ±3,197 rentable square feet
  • Approximately 0.12‑acre lot at 3034 Newell Street
  • Renovated in 2024; originally constructed in 1953

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store Building Supply Garden Center Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,697
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Unit mix includes four one-bedroom residences and one two-bedroom residence, each with one bathroom.
Where is this apartment building located?
The property is located at 3034 Newell Street 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 ±3,197 rentable square feet; Approximately 0.12‑acre lot at 3034 Newell Street; Renovated in 2024; originally constructed in 1953
More about this property
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