Properties

San Diego, CA 92105 2959 54th St

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Presented By: Christina Labowicz with ACI Apartments;
  • MLS# 2600970SD
  • 01/13/2026
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Home Details

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.
Presented By: Christina Labowicz with ACI Apartments;

Interior Features for 2959 54th St

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Heating Y/NYes

General for 2959 54th St

Cap Rate5.06
CitySan Diego
Construction MaterialsStucco
CountySan Diego
HOA Fee$
HeatingWall Furnace
Listing TermsCash
Lot Size Square Feet11133
Lot Size UnitsSquare Feet
MLS Area92105 - East San Diego
Net Operating Income178527
Number Of Units Total12
Operating Expense107785
PostalCitySAN DIEGO
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Virtual TourClick here

Exterior for 2959 54th St

Lot Size Acres0.2556
Lot Size Area11133
Number of Buildings3
Total Parking12

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $3,325,000
MLS#2600970SD
List Date 01/13/2026
Property Type Commercial
Phone 888.795.6274
Get pre-approved
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