Pleased to present 5260-62 Rex Ave, a 13-unit apartment complex located in the City Heights neighborhood of San Diego. Built in 1987, the property consists entirely of two-bedroom, two-bathroom units. Units feature dual-pane windows, granite and tile countertops, and predominantly tile flooring. Eight of the thirteen units have been updated… Read More with new kitchens and bathrooms, positioning the property for strong day-one cashflow. The complex has had new roofs installed in 2016, which are equipped with solar panels to offset utility costs, and one of two plumbing systems have been recently replaced with copper pipes. Residents enjoy ample surface parking, 11 garages, and access to convenient on-site, shared laundry facilities. Well-maintained and already mostly renovated, the property offers immediate income with additional upside through strategic unit improvements and ADU conversions. Its strong unit mix, recent capital improvements, potential investment upside, and high-demand rental market location creates a compelling opportunity for investors. Read Less
Property listed by Conor Brennan, Broker, Conor Brennan 310-259-7556
Listing Snapshot
Days Online
36
Last Updated
Property Type
MixedUse
MLS Number
260011442SD
Additional Details
Building
1 building
Expenses
Operating: $131,882
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $381,876, Net Operating Income: $266,449
Taxes
Parcel Number: 47249119,18,17
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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