4030 Front St, San Diego CA 92103 | $4,495,000
Listing provided courtesy of Jason Lee of JLM Real Estate Inc. Last updated 2025-05-07 09:05:42.000000. Listing information © 2025 SANDICOR.
Rare Hillcrest 14-unit multifamily investment with major rental upside. Located in one of San Diego’s strongest rental submarkets, this value-add opportunity includes (8) 1Bed/1Bath, (4) 2Bed/1Bath, and (2) Studios. All tenants are on month-to-month leases, offering maximum flexibility for rent increases and renovations. Current rents are below market, and new ownership can significantly increase income through targeted improvements—some of which have already been completed by the current ownership. With a current cap rate of 3.41% and a proforma cap of 6.37%, this property is ideal for investors seeking cash flow growth and long-term upside in a blue-chip location.
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Parking Spots: 14.00
