5260 Rex Avenue, San Diego, CA 92105
List Price: $4.1M
Listing Status: Active
Original List Price: $4.28M
0Days on Market: 34
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
MLS Number: 260011442SD
About This Property
Pleased to present 5260-62 Rex Ave, a 13-unit apartment complex located in the City Heights neighborhood of San Diego. Built in 1987, the property consists entirely of two-bedroom, two-bathroom units. Units feature dual-pane windows, granite and tile countertops, and predominantly tile flooring. Eight of the thirteen units have been updated with new kitchens and bathrooms, positioning the property for strong day-one cashflow. The complex has had new roofs installed in 2016, which are equipped with solar panels to offset utility costs, and one of two plumbing systems have been recently replaced with copper pipes. Residents enjoy ample surface parking, 11 garages, and access to convenient on-site, shared laundry facilities. Well-maintained and already mostly renovated, the property offers immediate income with additional upside through strategic unit improvements and ADU conversions. Its strong unit mix, recent capital improvements, potential investment upside, and high-demand rental market location creates a compelling opportunity for investors.
Listing provided by: Conor Brennan DRE #01918598 720-841-8139 Conor.Brennan@cbre.com, Conor Brennan, Broker
Source: CRMLS, MLS #: 260011442SD
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.