5406-5418 Imperial Ave Immeuble residentiel 12 lots 3 464 881 € (288 740 €/Lot) Taux de capitalisation 4,50 % San Diego, CA 92114

Commercial Asset Advisors is pleased to present the opportunity to acquire 5406– 5418 Imperial Avenue, a well-maintained 12-unit multifamily asset spanning three
adjacent parcels in the Lincoln Park neighborhood of Southeast San Diego. Located within a federally designated Opportunity Zone, the property offers stable in-place
income with significant rental upside in a supply-constrained submarket.
Constructed in 1973, the property includes three two-story buildings with a strong unit mix: (3) one-bedroom, (6) two-bedroom, and (3) three-bedroom units ranging
from 600 to 1,000 square feet. Each unit comes with a dedicated storage space, and the site features 33 off-street parking spaces across 11,878 SF of land. Recent upgrades include new exterior paint, updated roofing, solar, and tasteful interior renovations on select units.
The property is fully occupied, including two Section 8 tenants, and operates at a 4.50% cap rate. There’s near-term upside to a 4.78% cap through annual rent increases allowed under AB 1482 (5% plus CPI, capped at 10%). This figure reflects increases on market-rate units only, Section 8 adjustments require housing authority approval.
A full renovation and repositioning effort could support a 7.05% cap at market rents. This is a clean, well-located asset with strong fundamentals, tax-advantaged potential, and a clear path to improved yield.
This is a compelling opportunity to acquire a stabilized, low-density multifamily property with long-term upside and favorable tax treatment in one of San Diego’s most active rental corridors.