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5142 Manchester Rd, San Diego, CA 92115

Commercial property

5142 Manchester Rd, San Diego, CA 92115 Sold June 2025 CRMLS
$3,985,000Sold June 2025

Listing Agent: Jason Lee (DRE #02068011) · Listing Office: Nara Advisors, Inc. · Contact: 858-336-9688 · Bought with: Matt Hardke · Coldwell Banker Realty · MLS #250017136SD · Source: CRMLS

8
Units
4.72%
Cap Rate
$190,803
NOI
Commercial property
Type

About this commercial property

Presenting a rare investment opportunity with this newly constructed 8 unit property located in close proximity to San Diego State University (SDSU). Each unit features in-unit washers and dryers & property is equipped with solar panels. Designed with a focus on functionality, quality, and market appeal, this asset is primed to deliver strong rental performance in a high-demand area. Strong rental income potential with units commanding market-level rents. High demand from a diverse tenant pool, including students, faculty, and professionals seeking proximity to SDSU and surrounding amenities. A turnkey investment opportunity with no deferred maintenance and modern construction standards designed for longevity. This property represents a solid addition to any portfolio, offering immediate income generation and potential for long-term appreciation in a highly desirable market. Don’t miss the chance to secure a high performing asset in one of San Diego’s most sought-after rental markets. Modern Design: Clean architectural lines and a contemporary aesthetic enhance the property’s appeal to tenants seeking modern, upscale living. Private Patios: Most units include private outdoor spaces, an attractive amenity that supports higher rental rates and tenant retention. High-Quality Finishes: The property is built with top-tier materials and finishes, ensuring durability and a premium feel that commands market level rents. In-Unit Amenities: Each unit features in-unit washers and dryers, a key draw for tenants valuing convenience. Solar Panels: The property is equipped with energy-efficient solar panels offering lower utility costs and eco-friendly living—an attractive benefit for tenants.

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

Sale history

$3,985,000
Sold June 2025 · listed $4,045,000, orig. $4,200,000, on market January 2025 · MLS #250017136SD · Source: CRMLS
Listing Agent: Jason Lee · Listing Office: Nara Advisors, Inc. · Contact: 858-336-9688 · Bought with: Matt Hardke · Coldwell Banker Realty
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