559-565 61st St San Diego, CA $ 1,975,000
559-565 61st St
$ 1,975,000
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559-565 61st St

San Diego, CA, 92114
$ 1,975,000
Bedrooms16 Baths8.0

Monthly Estimate*

$ 12,470

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Multi-Family Home for sale in San Diego, CA

for $1,975,000 with 16 bedrooms and 8 full baths. The lot size is 0.358264.

559-565 61st Street is a rare opportunity to acquire a 7 unit multifamily asset situated across four separate structures on a large 15,606 square foot lot. The property features a desirable unit mix of (6) 2 bedroom/1 bathroom units and (1) 4 bedroom/2 bathroom unit, providing broad tenant appeal and strong occupancy potential. Current rents remain below market, creating a clear opportunity to increase cash flow through interior renovations, strategic lease up, and professional management. An existing RUBS program provides supplemental income while helping offset utility expenses. Encanto remains an attractive investment submarket driven by its relative affordability, strong neighborhood character, and convenient access to transportation. The property is located within walking distance of the Encanto/62nd Street Trolley Station, offering direct connectivity to Downtown San Diego. The property is located within a Federal Opportunity Zone, offering significant tax advantages for qualifying capital gains investments.

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Multi-Family Active

Price

$ 1,975,000

Bedrooms

16

Full Bath

8

Property Type

Multi-Family

Taxes

$ 0

Style

Com-Res Income

Lot Size

0.358264

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

260015251

Features
Exterior
Total Parking 12.0
Lot Size Area 0.0
Number of Buildings 4
Building Area Total 0.0
Waterfront Y/N N
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General
Year Built 0
Stories Count 1
Property Subtype Com-Res Income
Community Features Other/Remarks
County San Diego
Operating Expense 62650.0
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Full Baths 8
Status ACTIVE
City San Diego
Senior Community Y/N N
Number Of Units Total 7
MLS Area Metro Central
Lot Size Units Acres
Lot Size Square Feet 15606.0
Carport Spaces 0.0
Property Attached Y/N N
Building Area Units Sqft
Living Area Units Sqft
Standard Status Active
Total Actual Rent 14218.0
Cap Rate 5.03
Freehold IDX
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Interior
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Half Baths 0
Total Bedrooms 16
Total Baths 8
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* Excluded Features
List By
Miles S Slater

Listing Agent

Landmark Multifamily And Devel

Broker

(425) 405-8892

Phone

Affordability Calculator

$12,470
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,470
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
281193 Elementary School
281006 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/24/2026$1,975,000 Listed Price

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559-565 61st St, San Diego, CA, 92114 is a Multi-Family Home for sale at $1,975,000 with a lot size of 0.358264. 559-565 61st St has 16 bedrooms and 8.0 baths. The property's zip code is 92114 which is in San Diego, CA