11
See all 11 photos
$6,800,000
Est. payment /mo
24 Beds
18 Baths
10,800 SqFt
Price Dropped by $700K
1518 Rosecrans Street San Diego, CA 92106
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Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 10,800 sqft
Price per Sqft $629
MLS Listing ID 260016900
Bedrooms 24
Full Baths 18
Property Sub-Type Com-Res Income
Property Description
$700,000 Price Reduction! Loma Manor is an 18-unit apartment community located in the coastal neighborhood of Point Loma. The property features one-bedroom and two-bedroom floor plans, an on-site laundry facility, and well-maintained, professionally landscaped grounds. Residents enjoy a highly walkable location near restaurants, grocery stores, coffee shops, and neighborhood amenities, and are less than one mile from Liberty Station, offering approximately 360,000 square feet of premier retail, dining, office, and entertainment space. While the property has been well maintained, in-place rents remain below market. Current ownership has improved six of the 18 units. A new owner can significantly increase the current rents with a full interior and exterior renovation. Located near the waterfront, the property has historically maintained strong occupancy and benefits from Point Loma's desirable coastal lifestyle, scenic bay views, nearby marinas, and major employment centers, including the U.S. Navy. Loma Manor Apartments offers a rare opportunity to acquire a well located coastal multifamily asset with meaningful value-add potential in one of San Diego's most desirable and supply-constrained submarkets.
Location
State CA
County San Diego
Area Coastal South
Interior
Heating Wall
Cooling None
Fireplace No
Laundry Leased
Exterior
Parking Features Spaces
View Y/N No
Roof Type Composition
Building
Dwelling Type Apartment
Story 2
Others
Senior Community No
Tax ID 530-742-05-00
Virtual Tour https://www.propertypanorama.com/instaview/snd/260016900
Listed by Eric D Comer, DRE#00842230 Eric D. Comer, Broker
NEARBY SCHOOL & BUSINESS
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