Property for sale: 322 S Pardee St in San Diego
322 S Pardee St San Diego
- $1,425,000 /285000.0
- Prop. Type:
- Com-Res Income
- MLS® Num:
- 250031720
- Status:
- Active
- Year Built:
- 2024
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.
- Rental Amount:
- 10175
- Price Per Unit:
- 285000.0
- Total Floor Area:
5,000 sq. ft.- County:
- San Diego
- Market Area:
- Metro Central
- Number of Buildings:
- 2
- Number of Units:
- 5
- Num Stories:
- 2
- Year Built:
- 2024
- Gross Multiplier:
- 11.7
- Gross scheduled income:
- 122100.0
- Operating expense:
- 34990
- Gross equity:
- 0
- Motive / Want:
- Sell
- Existing Financing:
- Private
- Listing Type:
- Exclusive Agency (A)
- Total Parking Spaces:
- 4
- Number of Units with Disposals:
- 5
- Number of Units with Range/Oven:
- 5
- Number of Units with Refrigerators:
- 5
- Parcel Number:
- 546-171-13-00
- Number of Units in Unit 1:
- 1
- Total Rent for Unit 1:
- 2400.0
- Bedrooms for Unit 1:
- 2
- Bathroom 1:
- 1.0
- Number of Units in Unit 2:
- 4
- Total Rent for Unit 2:
- 7400.0
- Bedrooms for Unit 2:
- 1
- Bathroom 2:
- 1.0
Listed by Keller Williams Realty
Data was last updated July 2, 2025 at 11:10 AM (UTC)
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