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Residential Income for sale : 2 bedrooms : 1502-30 27th Street in San Diego

1502-30 27th Street San Diego

Main Photo: Residential Income for sale : 2 bedrooms : 1502-30 27th Street in San Diegobanner
$6,500,000
Prop. Type:
Residential Income
MLS® Num:
260001488
Status:
Active
Bedrooms:
2
Bathrooms:
2
The Benton Apartments is a 20-unit condo-grade apartment complex situated on a 30,927 square foot lot in San Diego. Located with frontage on two streets at 1485-95 25th Street and 1502-30 27th Street on one contiguous parcel, the approximately 17,500 square feet of structures were built in 1985 and feature three buildings each with two stories and pitched roofs. All 20 units are 2 Bedroom / 2 Bathroom units. One unit is attached to the manager’s office and one unit has a large family room. There are 27 parking spaces between the two parking lots. One parking lot has an automatic gate. Each unit has their own laundry hook ups with a full-sized washer and dryer as well as separate water meters. There is new fencing, landscaping, and signage. All units have their own private patio areas, some of which are very large, and one of which wraps around multiple sides of the unit. Two units have mini-split air conditioning units and half of the units have new vinyl plank flooring. There are security cameras and an approximately 300 square foot storage unit onsite. This is a turnkey asset for an investor. The property is close to multiple parks and schools as well as freeway access. In 2021, the roofs, fascia boards, and some siding were replaced and new paint was applied to the exterior and trim. New gutters were installed and in 2024, the parking lots were resurfaced. DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS.
Property Sub Type:
Com-Res Income
Number of Buildings:
3
County Or Parish:
San Diego
Market Area:
South Bay
Total Building Area:
Switch units of measure17,500 sq. ft.
Total Floor Area:
Switch units of measure17,500 sq. ft.
Total Bedrooms:
2
Bathrooms:
2
Half Bathrooms:
0
Num Stories:
2
Year Built:
0
Age (in years):
Switch units of measure2,026 year(s)
Short Sale:
false
Total Actual Rent:
$49,761
Cap Rate.:
6.33
Gross scheduled income:
597132.0
Projected gross operating income:
632052
Projected gross scheduled income:
651600
Projected net Income:
464046
Projected Gross Multiplier:
10.0
Operating expense:
168006.0
Projected operating expense:
168006
Number of Units:
20
Number of Leased Apartments:
20
Number of Units in Unit 1:
20
Total Rent for Unit 1:
$49,761
Special Listing Conditions:
N/K
Lot Size:
Switch units of measure0 sq. ft.
Parcel Number:
634-130-11-00
Total Parking Spaces:
28
Listed by NorthMarq Multifamily
Data was last updated January 30, 2026 at 01:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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