559 61st St, San Diego CA 92114 | $1,750,000
Listing provided courtesy of Miles Slater of Landmark Multifamily and Development. Last updated 2026-09-11 08:22:00.000000. Listing information © 2026 SANDICOR.
559-565 61st Street is a rare opportunity to acquire a 7 unit multifamily asset situated across four separate structures on a large 15,606 square foot lot. The property features a desirable unit mix of (6) 2 bedroom/1 bathroom units and (1) 4 bedroom/2 bathroom unit, providing broad tenant appeal and strong occupancy potential. Current rents remain below market, creating a clear opportunity to increase cash flow through interior renovations, strategic lease up, and professional management. An existing RUBS program provides supplemental income while helping offset utility expenses. Encanto remains an attractive investment submarket driven by its relative affordability, strong neighborhood character, and convenient access to transportation. The property is located within walking distance of the Encanto/62nd Street Trolley Station, offering direct connectivity to Downtown San Diego. The property is located within a Federal Opportunity Zone, offering significant tax advantages for qualifying capital gains investments.
More Details
Parking Spots: 12.00
Carport Spaces: 0.00
