322 S Pardee St new Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92113
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250031720SD
HOA Y/N No
Lot Size 5,000 Sqft
Property Sub-Type Mixed Use
Property Description
322 S Pardee St offers a rare opportunity to acquire a brand-new construction asset at a 5.9% day-one cap rate, delivering immediate cash flow for investors. The property consists of four (4) newly built 1-bedroom/1-bathroom units (Exempt from AB 1482) and a fully renovated detached 2-bedroom/1-bathroom front house. Each 1-bedroom unit features a 490 SF open layout and includes premium amenities such as central HVAC, in-unit washer and dryer, luxury vinyl plank flooring, stainless steel appliances, and high-end modern finishes. The detached 2-bedroom residence offers a spacious 760 SF layout, a private yard, and tandem parking. Additionally, the four newly constructed units are exempt from AB 1482 rent control for the next 15 years, enhancing income stability and rental flexibility. Centrally located in South Central San Diego, the property benefits from close proximity to major transportation routes including the I-15, I-5, and SR-94 freeways. Residents enjoy quick access to local restaurants, breweries, Costco, and neighborhood conveniences. Downtown San Diego, Petco Park, and other major attractions are just 10 minutes away, making this an ideal location for strong and stable tenant demand.
Location
State CA
County San Diego
Area 92113 - Logan Heights
Interior
Fireplace No
Exterior
Total Parking Spaces 4
Others
Tax ID 5461711300