4781-4787 Cereza Street, San Diego, CA 92102

Offer Price:

$4,190,000

Cap Rate:

5.70%

Price/SF:

$545.15

Price/Unit:

$380,909

Gross Building Area:

7,686 SF

Lot Size:

0.23 Acres

Status:

Active

Submarket:

Central

Property Type:

Apartments

Strategy:

Core

Located in the vibrant Lincoln Park neighborhood of San Diego, this fully renovated 11-unit apartment community offers investors a stabilized, turn-key asset in one of the city’s highest-demand rental corri-dors. 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.