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2205 Poinsettia Drive, San Diego, CA 92106

Commercial property

2205 Poinsettia Drive, San Diego, CA 92106 Sold July 2025 CRMLS
$2,700,000Sold July 2025

Listing Agent: Eric Comer (DRE #00842230) · Listing Office: Eric D. Comer, Broker · Contact: 858-509-1200 · Bought with: Zehra Rizvi · HomeSmart Realty West · MLS #250018668SD · Source: CRMLS

7
Units
4.27%
Cap Rate
Commercial property
Type

About this commercial property

Poinsettia Apartments is a prime investment opportunity, perfectly located in the heart of Point Loma Village. This well-maintained property offers a desirable unit mix, including two 1-bedroom/1-bath, four 2-bedroom/1-bath, and one 3-bedroom/2-bath apartment homes. Parking is conveniently provided at a ratio of two spaces per unit. Recent capital improvements, such as new vinyl-pane windows, have been made, and select units feature moderate upgrades. Additionally, there is Significant potential for a buyer to implement a full renovation program, which would allow for a substantial increase in rental income. The property is ideally situated just one block from a variety of restaurants, shops, a grocery store, and the public library, offering residents an easy walk to essential amenities. Point Loma Village is known for its laid-back, neighborhood vibe, with the perfect balance of coastal charm and convenience.

Listing description from the July 2025 sale, as reported to CRMLS.

Sale history

$2,700,000
Sold July 2025 · listed $2,800,000, orig. $3,000,000, on market February 2025 · MLS #250018668SD · Source: CRMLS
Listing Agent: Eric Comer · Listing Office: Eric D. Comer, Broker · Contact: 858-509-1200 · Bought with: Zehra Rizvi · HomeSmart Realty West
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