2120 Mission Ave, Normal Heights, CA 92116

Property Description

We are pleased to exclusively present 2120 Mission Avenue, a 27-unit multifamily investment opportunity located in the University Heights neighborhood of San Diego. Originally built in 1970 with sixteen (16) units, the property now includes eleven (11) newly completed accessory dwelling units (ADUs) and has undergone extensive recent capital improvements. Situated on an approximately 13,287-square-foot lot with approximately 16,619 rentable square feet, the offering gives investors a rare opportunity to acquire a substantially modernized asset in one of San Diego's most established mid-city neighborhoods. The property features a diverse unit mix of twelve (12) two-bedroom / two-bath units, five (5) one-bedroom / one-bath units and ten (10) studio / one-bath units, appealing to a wide range of University Heights renters. Ownership has completed a comprehensive capital improvement program, including recently upgraded plumbing, upgraded electrical with individual unit subpanels, a new roof, and fire safety systems. The ADU units feature ductless mini-split heating and cooling and new electric water heaters. Most units include an in-unit washer and dryer, supplemented by a common laundry room, and thirteen (13) off-street parking spaces serve the property. With major building systems updated and construction of the ADUs complete, a new owner benefits from limited deferred maintenance and reduced near-term capital needs. Sold separately or together as a portfolio with: 3513-33 First Avenue | 19 Units 3621 Park Boulevard | 14 Units