San Diego, CA 92114 5406 5418 Imperial Ave
$3,960,000
Presented By: Michael Conger with Commercial Asset Advisors; team@caacre.com
SQFT • 9,870
Year Built • 1973
Home Details
Well-maintained 12-unit multifamily asset spanning three adjacent parcels in the Lincoln Park neighborhood of Southeast San Diego. Located within a federally designated Opportunity Zone, the property offers stable in-place income with significant rental upside in a supply-constrained submarket. Constructed in 1973, the property includes three two-story buildings with a strong unit mix: (3) one-bedroom, (6) two-bedroom, and (3) three-bedroom units ranging from 600 to 1,000 square feet. Each unit comes with a dedicated storage space, and the site features 33 off-street parking spaces across 11,878 SF of land. Recent upgrades include new exterior paint, updated roofing, solar, and tasteful interior renovations on select units.
Presented By: Michael Conger with Commercial Asset Advisors; team@caacre.com
Interior Features for 5406 5418 Imperial Ave
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 5406 5418 Imperial Ave
Additional Parcels Description548-090-09-00; 548-090-08-00
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.41
Carport Y/NNo
CitySan Diego
Community FeaturesCurbs, StormDrains, StreetLights, Suburban, Sidewalks, Park
CountySan Diego
DirectionsFrom I-805, take the Imperial Ave exit and head east. Property is located between 54th St and 56th St on the north side of Imperial Ave.
Electric Expense4178.0
Electric On Property Y/NNo
Entry LocationGround
Expected Active Date 2025-06-13
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income266796.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense5610.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional, Exchange1031
Lot Size Square Feet11878.0
Lot Size UnitsSquareFeet
MLS Area92114 - Encanto
MobileHomeRemainsYNNo
Net Operating Income174590.0
New ConstructionNo
Number Of Units Total12
Number of Units Leased12
Open Parking Spaces33.0
Operating Expense82868.0
Pool FeaturesNone
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot548-090-10-00
Taxes$48,795
Total Actual Rent266796.0
Trash Expense0.0
UtilitiesCableConnected, ElectricityConnected, UndergroundUtilities
ViewCityLights, Landmark
Water Sewer Expense0.0
Year Built1973
ZoningRM-3-7
Exterior for 5406 5418 Imperial Ave
Building Area Total9870.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesNearPark, Paved, RectangularLot
Lot Size Acres0.2727
Lot Size Area11878.0
Lot Size SourcePublicRecords
Number of Buildings3
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
Private PoolNo
Road Surface TypeAlleyPaved, Paved
SpaNo
Total Parking33.0
Waterfront Y/NNo
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$3,960,000
MLS#PTP2504104
List Date
06/03/2025
Property Type
Multi-Family
Phone
(562) 537-4182
