Senior Vice President

4037 Winona Ave offers a compelling low-barrier entry opportunity to acquire a well-positioned 1980s multifamily asset in Central San Diego, one of the region’s most in-demand rental markets. Priced at $1,380,000, the property provides investors the chance to purchase six income-producing units at a highly attractive price-per-unit compared to smaller 3–4 unit properties, without a proportional increase in acquisition cost. Built in 1982 on a 6,173 SF lot, the property consists of six identical 510 SF one-bedroom/one-bathroom units featuring efficient layouts and walk-in closets, with value-add potential through remaining renovations. One unit was fully renovated in 2021 with shaker cabinetry, hard-surface countertops, LVP flooring, updated appliances, and a refinished bathroom, while three additional units received interior refreshes between 2023 and 2025. Two units remain in original condition with heavy wear, providing clear upside through renovation and rent growth. Recent improvements include a new water heater in 2024 and exterior painting of fascia, trim, iron gating, railings, and security windows in 2025. The asset is designed for low-maintenance operations with full ABS sewer lines, a single flat roof, and an all-concrete lot, and features seven gas meters, seven electric meters, and one water meter. Additionally, the property offers 11 off-street parking spaces, including six secured spaces in a gated rear lot, a major tenant amenity in this submarket. Ideally located within a 5–15 minute drive of Downtown San Diego, North Park, Mission Valley, SDSU, USD, Naval Base San Diego, and major medical and retail hubs, the property benefits from excellent freeway access via I-15, I-805, I-8, and SR-94, supporting strong long-term rental demand and stability.

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35TH STREET 2133 S  OM.pdf

Price Reduced! 21–33 S. 35th St is a high-yield, mostly renovated, low-density multifamily investment situated on a rare triple-lot in Central San Diego, featuring a detached 3-bedroom / 2-bath house and strong value-add potential. The property includes three water meters, indicating a possible three-way lot split opportunity for additional upside. Originally built in 1960, the asset consists of 10 total units across five separate buildings, with 9 of the 10 units renovated in 2022, including the construction of two studio ADUs. The unit mix includes a detached 3 Bed / 2 Bath house, a detached 1 Bed / 1 Bath cottage, a quadplex of four 1 Bed / 1 Bath units, a duplex of two studios, and a duplex of two newly built 2022 studio ADUs. Nearly all units offer private mid-sized yards, enhancing tenant appeal and supporting long-term occupancy and premium rents. The property is also well parked with 13 off-street spaces for 10 units, providing more than one parking space per bedroom. Financially, the asset delivers strong in-place performance with $208,000 in gross scheduled annual income and immediate rent increase potential supporting a 5.60% cap rate, with further upside as current rents remain below market—projected market income of $240,000 equates to a potential 6.84% cap rate. Located in Logan Heights, the property offers quick access to Downtown San Diego, Coronado Island, Balboa Park, North Park, South Park, the Navy Base, airport, and bay, all within a 10-minute drive, with select units enjoying views of the Downtown skyline and Coronado Bridge.

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Location Amenities

L STREET 24112421  OM.pdf

2411–21 L St offers investors a rare opportunity to acquire a semi–new construction 10+2 unit multifamily asset in Central San Diego, combining turnkey income with significant value-add upside. The property features six fully rehabilitated stand-alone cottages, four newly constructed units, and approved plans to add two additional mid-size ADUs at a substantial construction cost discount. Ideally located within a five-minute drive of Petco Park, Downtown San Diego, Coronado Island, and Balboa Park, the asset benefits from strong tenant demand and premier access to major lifestyle attractions. In its current configuration, the property delivers a strong 11.43 GRM and 5.67% cap rate, while completing the approved ADUs would improve performance to a projected 9.49 GRM and 6.55% cap rate, inclusive of forecasted construction costs. The front cottages consist of six renovated 1 Bed / 1 Bath units at 418 SF each, enhanced by private porches, and were fully rebuilt to the studs in 2023 with new plumbing, sewer lines, water supply lines, electrical, and completely updated interiors including kitchens, appliances, bathrooms, flooring, windows, lighting, and finishes. The rear twin buildings were constructed ground-up in 2025 and include four top-floor studio units (266 SF each) with vaulted ceilings, plus two tandem-depth garages on the first floors totaling 532 SF each, already plumbed and powered. Upon completion of the ADU expansion, the project is expected to generate approximately $200,000–$250,000 in net equity upside, resulting in an attractive estimated $223,000 per-unit average cost basis, with a projected post-completion value of approximately $2.9M–$2.95M.

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Unit Amenities

7025 Boulevard Dr presents a fully renovated, turnkey 20-unit garden-style multifamily property offering immediate cash flow, rental growth potential, and extensive infrastructure upgrades. Conveniently located near major transportation routes and the retail, dining, and amenities along University Avenue, the property occupies a highly desirable Class B location known for strong occupancy, stable operations, and attractive long-term investment performance.Current ownership has completed substantial capital improvements, including renovations to 16 units, electrical system upgrades, epoxy-lined sewer mains, dual-pane windows, new pitched roofs, and numerous interior and exterior enhancements, minimizing deferred maintenance and future capital expenditures.The property features a well-balanced unit mix of eight twobedroom/one-bath units, eight one-bedroom/one-bath units, and four studio apartments. Additional amenities include gated access and a 1:1 parking ratio, providing operational efficiency while maintaining the appeal of a low-density garden-style community.

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Fully renovated 20-unit garden-style multifamily property in La Mesa, California, offered at $5,450,000 at a 5.19% cap. The Class C asset features a balanced unit mix of eight two-bedroom/one-bath, eight one-bedroom/one-bath, and four studio apartments, currently 100% occupied and generating immediate cash flow with minimal deferred maintenance.

Built in 1956 and comprehensively renovated in 2025, the 12,352 SF, two-story building sits on 0.31 acres with a 1:1 parking ratio. Recent capital improvements include renovations to 16 units, electrical system upgrades, epoxy-lined sewer mains, dual-pane windows, and new pitched roofs—substantially reducing future capital expenditures. The property features gated access and laundry services, maintaining the appeal of a low-density garden-style community.

Located on Boulevard Drive near major transportation corridors and the retail and dining amenities along University Avenue, the property benefits from proximity to metro, bus lines, commuter rail, and airport access. The highly desirable La Mesa location is known for strong occupancy and stable operations, supporting attractive long-term investment performance.

Highlights:
• Fully renovated in 2025 with 16 units updated and major systems upgraded
• 100% occupied, turnkey operation with immediate cash flow
• Balanced unit mix (8 two-bed, 8 one-bed, 4 studios) in low-density garden setting
• 1:1 parking ratio and gated access
• Near transit, retail, and dining along University Avenue

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MISSION AVE 17081710 OM 1pdf.pdf

Situated along the busy Mission Avenue corridor, 1708–1710 Mission Avenue presents an excellent opportunity to acquire a standalone commercial property in one of Oceanside’s most prominent east-west commercial locations. Just outside Downtown Oceanside, the property enjoys strong traffic exposure, outstanding visibility, and convenient access to nearby amenities.The property offers two storefront suites with large display windows, prominent street signage, and a grade-level roll-up door, making it well suited for retail, showroom, service, or light industrial uses. Its high ceilings provide a spacious and flexible interior, while the dual-suite layout allows investors or owner-users to occupy one space, lease the other, combine both units, or maintain multiple tenants for diversified income.Surrounded by established businesses and residential neighborhoods, the property is only minutes from the beach, the Oceanside Pier, and the Oceanside Transit Center. Ongoing redevelopment and growth along the Mission Avenue corridor further enhance its long-term potential for strong visibility, sustained demand, and future value appreciation.

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Freestanding mixed-use property at 1708–1710 Mission Avenue in Oceanside, California, offered at $1,500,000. The 4,599 SF building on a 0.24-acre (10,413 SF) lot features two storefront suites with large display windows, prominent signage, and grade-level roll-up door access, suited for retail, showroom, service, light industrial, office, or medical use. The dual-suite layout allows an owner-user to occupy one space and lease the other, or combine both units for a single tenant operation.

Built in 1950 with high ceilings and flexible interior configuration, the property sits along Mission Avenue, Oceanside's primary east-west commercial corridor just outside Downtown. The location offers strong traffic exposure and visibility, with twelve off-street parking spaces. The trade area is anchored by established businesses and residential neighborhoods, minutes from the Oceanside Pier, the beach, and the Oceanside Transit Center. The property benefits from ongoing redevelopment along the corridor and scores 87 on Walk Score, indicating a highly walkable location. Public transit options including bus lines, metro/subway, and commuter rail are nearby.

Highlights:
• Prime Mission Avenue location with strong traffic and visibility
• Dual-suite layout: owner-occupy one, lease the other, or combine
• 12 off-street parking spaces
• Walk Score 87 (Very Walkable); near beach, pier, and transit center
• Flexible use: retail, office, medical, showroom, light industrial
• CG zoning; built 1950 with high ceilings

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Coast Hwy S 404pdf (1).pdf

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Multiple retail spaces available at 404 S Coast Hwy, Oceanside, California—a mixed-use strip center with lease rates available upon request. The property offers a 4,000 SF turnkey restaurant with equipment in place and a 7,400 SF distillery space, both available August 2026 on negotiable lease terms.

Built in 1959, the center benefits from strong transit access, including metro/subway, bus lines, and commuter rail nearby. The location on South Coast Highway positions tenants for high foot traffic and visibility in Oceanside's retail corridor.

Highlights:
• 4,000 SF turnkey restaurant with equipment included
• 7,400 SF distillery space
• Multiple lease options available
• Direct access to metro, bus, and commuter rail
• Negotiable lease terms

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