8650 Hurlbut St, San Diego, CA 92123

About this property

**Turn-Key 5.36% CAP Rate** 4-Unit fully occupied & recently remodeled 3-Bedroom/2-Bathroom (1,130 SF) apartment homes featuring brand new appliances, flooring, windows, kitchens, and bathrooms. Tenant Amenities include in-unit laundry, patios, balconies, and carport parking. New Roof, Upgraded Electrical and Plumbing, and Recently Fumigated. Centrally located in Serra Mesa (adjacent to Mission Valley and Civita). This property checks all the boxes: High-income-producing asset w/ extremely low maintenance in one of San Diego’s strongest and rarely available submarkets. High CAP Rate (5.36%), Low GRM (13.50), Low $/SF ($530/SF).

Listing description from the March 2024 sale, as reported to CRMLS.

Sale history

$2,275,000

Sold March 2024 · listed $2,395,000, on market January 2024 · MLS #240002201SD · Source: CRMLS

Listing Agent: Angelo La Bruna · Listing Office: Apartment Realty Group (ARG) · Contact: 619-222-9500 · Bought with: Sara Alavi · Coldwell Banker Realty

$965,000

Sold March 2017 · listed $970,000, on market January 2017 · MLS #170001885 · Source: CRMLS

Listing Agent: Doug Taber · Listing Office: Apartment Realty Group (ARG) · Contact: 619-222-9500 · Bought with: James Carter · Apartment Realty Group (ARG)

Explore San Diego