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5142-48 Manchester Rd

San Diego, CA 92115
  • $4,200,000
  • STATUS: ACTIVE
  • ON SITE: 16 Days
  • ID#: 250017136
$4,200,000
  • 4
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

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.

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San Diego MLS logo This 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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.sandiegoareahomesforsale.co/homes/159691490
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5142-48 Manchester Rd San Diego, CA 92115

  • Price: $4,200,000
  • Status: ACTIVE
  • On Site: 16 Days
  • ID#: 250017136
4
Beds
3
Baths
0
½ Baths
N/A
Acres
Neighborhood:
San Diego (92115)
County:
San Diego
Area:
San Diego (92115)
Property Description
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.
Interior Features

Sq Ft Of Improvement 0 Units With Dishwashers 8 Units With Ranges 8 Units With Refrigerators 8

Property Features

Actual Cap Rate 4.5 Actual Gardener Expense 1440 Actual Gas And Electric 6240 Actual Gross Operating Income 275036 Actual Gross Scheduled Income 289512.0 Actual Maintenance Expense 4000 Actual Operating Expense 84233 Actual Other Expense 8000 Actual Pest Control Expense 1920 Actual Prop Management 10133 Actual Taxes Expense 52500 Actual Total Expense 84233 Assumable Finance 0 Buildings 4 Gross Equity 0 Gross Multiplier 14.5 Have 0 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 24126 Motive Want NA Projected Cap Rate 5.1 Projected Gross Multiplier 13.5 Projected Gross Operating Inc 296628 Projected Gross Scheduled Inc 312240 Projected Net Income 212395 Projected Operating Expense 84233 Short Sale No Unit Number1 1 Unit Number2 7 Unit Rent Total1 2890 Unit Rent Total2 21236 Unit Rent1 2890 Unit Rent2 3034

San Diego MLS logo Listing provided courtesy of Jason Lee of JLM Real Estate Inc: 619-891-0403. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This 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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Steven G. Fraioli & Associates
13176 Midbluff Ave
San Diego CA, 92128