3103-07 Jarvis St San Diego, CA 92106
- Apartment buildings
- 2,600 SF
Current Use by Public Records
- Apartment buildings
Property Details for 3103-07 Jarvis St
- Year built
- 1947
- Property size
- 2,600 SF
- Property type
- Apartment buildings
Description
This exceptional 4-unit apartment building, located at 3103-07 Jarvis St in San Diego, CA 92106, presents a compelling investment opportunity. Boasting a desirable Point Loma location, the property offers stunning harbor and city skyline views. The building, constructed in 1947 and extensively renovated in 2023, comprises three 2-bedroom/1-bathroom units and one 1-bedroom unit. Recent upgrades include new electrical systems, a 65-gallon tankless water heater, a Speedqueen coin-op washer/dryer, updated kitchens with quartz countertops and new cabinets, modern bathrooms with tile and new fixtures, and refreshed landscaping. New appliances (gas stove, refrigerator, microwave, dishwasher) are included in each unit. The property sits on a 4,867 sq ft lot (APN 530-734-06-00) and totals 2,600 sq ft. Currently operating at 97% occupancy, the property generates a NOI of $102,932, with a pro-forma NOI of $112,023 and a pro-forma cap rate of 3.74%. The asking price is $2,995,000, representing a price per unit of $748,750 and a price per square foot of $1,151.92. A complete list of capital expenditures is available. This meticulously maintained property ensures high renter demand and occupancy due to its superior condition and prime location. This is a rare opportunity to acquire a high-performing multifamily asset in one of San Diego's most sought-after neighborhoods.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.228
- Latitude
- 32.7279
