711 61st St San Diego, CA 92114-2435
Property profile & analytics
711 61st St San Diego, CA 92114-2435
- Apartment buildings
- 5,782 SF
- 0.35 lot acres
Property ID
US09-8802270
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- An Estate Agent / Home Help
Property Details for 711 61st St
- Year built
- 2020
- Lot size
- 0.35 lot acres
- Property size
- 5,782 SF
- Zone code
- R-1:SINGLE FAM-RES
- Property type
- Apartment buildings
- APN
- 549-052-03-00
- APU
- 5490520300
Description
This exceptional 11-unit apartment building presents a compelling value-add opportunity in San Diego's Encanto neighborhood. Situated on a substantial 15,799 square foot lot, the property encompasses 5,782 square feet of building space, distributed across three structures. The unit mix includes one two-bedroom/one-bathroom unit, five one-bedroom/one-bathroom units, and five studio units; one additional unit's permit status is undetermined. Two studios were previously converted to one-bedroom units, suggesting further potential for unit upgrades and rent increases. The property boasts 13 parking spaces and on-site laundry facilities. Currently operating at 100% occupancy, the property generates a strong NOI of $122,803, with a pro-forma NOI projected at $144,246, reflecting a pro-forma cap rate of 7.4%. The asking price is $1,950,000, representing a price per square foot of $337.25 and a price per unit of $177,272.73. Built in 1920/54, the two-story building is located in a predominantly residential area undergoing revitalization, presenting significant upside potential through renovations, rent increases, and the possibility of developing an accessory dwelling unit (ADU). The property's location within the Encanto neighborhood, bordered by Broadway Heights, Martin Luther King Jr. Freeway (SR 94), Alta Vista, Emerald Hills, Valencia Park, Skyline, Jamacha, and Lemon Grove, offers convenient access to major thoroughfares and ongoing community improvements.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,020,000
- 6.5%
- $1,865,000
- 7%
- $1,735,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,883,000
Market price range: $842k - $3.01M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,925,000 Current use
- RETAIL STORES
- $2,780,000 Change: +44% Conversion: Difficult
- OFFICE BUILDING
- $2,440,000 Change: +27% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $2,325,000 Change: +21% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.066
- Latitude
- 32.7124
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$12,895
$522,260
$522,260
$1,044,520
-
$0.00
$0.00
$0.00
