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2959-81 54th St, San Diego, CA 92105

San Diego
Local realty services provided by:CENTURY 21 Masters
2959-81 54th St,San Diego, CA 92105
$3,325,000
Virtual Tour
  • 28 Beds
  • 12 Baths
  • 9,360 sq. ft.
  • Multi-family
  • Pending
Listed by: christina m labowicz
Office: aci apartments
MLS#:2600970
Source:San Diego MLS via CRMLS

Price summary

  • Price:$3,325,000
  • Price per sq. ft.:$355.24

About this home

This beautifully refreshed 12-unit property presents a rare opportunity to acquire a pride-of-ownership asset with substantial income upside. Current rents offer immediate improvement potential, with just an 8.8% adjustment, investors can realize a meaningful increase in NOI while positioning the property for natural turnover to market rents. The 3-bedroom and 2-bedroom unit mix stands out in a market saturated with smaller one-bedroom and studio units, providing superior tenant demand and rent growth potential. Recent comparables have traded at similar price-per-unit metrics despite offering inferior layouts and limited income capacity, highlighting the value advantage of this asset. The 3 fourplexes also sit on 3 separate APNs offering the next buyer possible alternative exit strategies. With its recent exterior painting, new parking lot, strong fundamentals, and attractive unit composition, this property is poised to become a top performer in any portfolio.

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Home facts

  • Listing ID #:2600970
  • Added:154 day(s) ago
  • Updated:June 17, 2026 at 07:44 AM

Rooms and interior

  • Bedrooms:28
  • Total bathrooms:12
  • Full bathrooms:12
  • Living area:9,360 sq. ft.

Heating and cooling

  • Heating:Wall

Structure and exterior

  • Building area:9,360 sq. ft.
  • Construction Materials:Stucco
  • Levels:2 Story

Finances and disclosures

  • Price:$3,325,000
  • Price per sq. ft.:$355.24

Parking

  • Total parking spaces:12
  • Parking description:Spaces
MLS LogoThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc. SANDICOR Member Broker: Randy Thompson

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