4781-4787 Cereza Street

San Diego, CA 92102

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.

Listed by Aaron Bove of Marcus & Millichap 8589457094



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Last checked 2025