4781-4787 Cereza Street, San Diego, CA 92102 - MLS#250036871

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$4,550,000

Est. payment - /mo

5 Beds

8,380 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 8,380 sqft

Price per Sqft $542

MLS Listing ID 250036871

Bedrooms 5

Property Sub-Type Com-Res Income

Property Description

Located in the vibrant Lincoln Park neighborhood of San Diego, this fully renovated 11-unit apartment community offers investors a stabilized, turnkey asset in one of the city's highest-demand rental corridors. Originally constructed in 2023 and recently updated in 2025, the 8,380 SF property showcases contemporary design, modern infrastructure, and efficient layouts across a desirable unit mix of one and two-bedroom apartments. Sited on a 0.23-acre lot, the property delivers a clean, low-maintenance investment with quality in-place tenants and minimal near-term capital needs. Recent upgrades include new kitchens, bathrooms, flooring, and building systems, creating long-term durability and appeal. With strong operating income and competitive cost per square foot, this asset offers immediate yield with long-term appreciation potential. Market Overview: Lincoln Park is a dynamic and evolving submarket within central San Diego, offering excellent connectivity to major employment hubs including Downtown, National City, and the rapidly expanding Mid-City corridor. The area has experienced consistent rent growth and limited new supply, supported by ongoing revitalization efforts, infrastructure improvements, and proximity to public transportation. Its affordability relative to nearby neighborhoods continues to attract tenants seeking quality housing with urban accessibility.

Location

State CA

County San Diego

Area Metro Central

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 3

Others

Tax ID 547-323-05-00

Special Listing Condition Other/Remarks

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Listed by Aaron Bove Marcus & Millichap

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

4781-4787 Cereza Street San Diego, CA 92102

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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