2959-81 54th St, San Diego, CA 92105

Local realty services provided by:ERA North Orange County Real Estate
2959-81 54th St,San Diego, CA 92105
$3,525,000
  • 5 Beds
  • 2 Baths
  • 9,360 sq. ft.
  • Multi-family
  • Active
Listed by: christina m labowicz
Office: aci apartments
MLS#:2600970
Source:San Diego MLS via CRMLS

Price summary

  • Price:$3,525,000
  • Price per sq. ft.:$376.6

About this home

This beautifully refreshed 12-unit property presents a rare opportunity to acquire a pride-of-ownership asset with substantial income upside. Current rents offer immediate improvement potential, with just an 8.8% adjustment, investors can realize a meaningful increase in NOI while positioning the property for natural turnover to market rents. The 3-bedroom and 2-bedroom unit mix stands out in a market saturated with smaller one-bedroom and studio units, providing superior tenant demand and rent growth potential. Recent comparables have traded at similar price-per-unit metrics despite offering inferior layouts and limited income capacity, highlighting the value advantage of this asset. The 3 fourplexes also sit on 3 separate APNs offering the next buyer possible alternative exit strategies. With its recent exterior painting, new parking lot, strong fundamentals, and attractive unit composition, this property is poised to become a top performer in any portfolio.

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Home facts

  • Listing ID #:2600970
  • Added:3 day(s) ago
  • Updated:January 17, 2026 at 04:56 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Living area:9,360 sq. ft.

Heating and cooling

  • Heating:Wall

Structure and exterior

  • Building area:9,360 sq. ft.

Finances and disclosures

  • Price:$3,525,000
  • Price per sq. ft.:$376.6
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