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2850-56 E Broadway

San Diego, CA 92102
  • $2,500,000
  • STATUS: ACTIVE
  • ON SITE: 230 Days
  • ID#: 240012735
UPDATED: 23 min ago
$2,500,000
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Pleased to present 2850-56 E Broadway, an 8-unit apartment complex in Golden Hill. The subject property was built in 1951 and was extensively remodeled in 2024. The unit mix is comprised of three (3) studios, one (1) one bedroom/one-bathroom units and four (4) two-bedroom/one-bathroom units with an approximate combined 3,684 rentable square footage. Six of the eight units of the property have been extensively upgraded with vinyl plank floors, quartz countertops, farmhouse kitchen sinks, shaker cabinets, ceiling fans, tile showers, and stainless appliances. The property also has upgraded windows, electrical, and in-unit washer/dryers (select units). 2850-56 E Broadway is located in Golden Hill, a neighborhood situated on the south end of the world-famous Balboa Park. Golden Hill is well known for its easy access to major employment centers such as Downtown, Mission Valley, and South Bay. The area has recently come to see an influx of new bars and restaurants pushing south from North Park along the 30th St corridor and Fern St. High walkability, chic local diners which showcase a sense of place and convenience to Balboa Park, Downtown, and freeways make this niche neighborhood extremely desirable. Often touted as a ‘haven’ for artists and musicians.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.coastalhomesbytiffany.com/homes/151363644
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2850-56 E Broadway San Diego, CA 92102

  • Price: $2,500,000
  • Status: ACTIVE
  • On Site: 230 Days
  • Updated: 23 min ago
  • ID#: 240012735
3
Beds
3
Baths
0
½ Baths
N/A
Acres
Neighborhood:
San Diego (92102)
County:
San Diego
Area:
San Diego (92102)
Property Description
Pleased to present 2850-56 E Broadway, an 8-unit apartment complex in Golden Hill. The subject property was built in 1951 and was extensively remodeled in 2024. The unit mix is comprised of three (3) studios, one (1) one bedroom/one-bathroom units and four (4) two-bedroom/one-bathroom units with an approximate combined 3,684 rentable square footage. Six of the eight units of the property have been extensively upgraded with vinyl plank floors, quartz countertops, farmhouse kitchen sinks, shaker cabinets, ceiling fans, tile showers, and stainless appliances. The property also has upgraded windows, electrical, and in-unit washer/dryers (select units). 2850-56 E Broadway is located in Golden Hill, a neighborhood situated on the south end of the world-famous Balboa Park. Golden Hill is well known for its easy access to major employment centers such as Downtown, Mission Valley, and South Bay. The area has recently come to see an influx of new bars and restaurants pushing south from North Park along the 30th St corridor and Fern St. High walkability, chic local diners which showcase a sense of place and convenience to Balboa Park, Downtown, and freeways make this niche neighborhood extremely desirable. Often touted as a ‘haven’ for artists and musicians.
Exterior Features

Construction Stucco

Interior Features

Sq Ft Of Improvement 3684

Property Features

Actual Cap Rate 5.33 Actual Gross Scheduled Income 193500.0 Actual Operating Expense 55803 Assumable Finance 0 Buildings 1 Gross Equity 2500000 Gross Multiplier 12.92 Have 8 Units Mandatory Remarks None Known Market Area Metro Central Motive Want Sell Short Sale No Unit Number1 3 Unit Number2 1 Unit Number3 4 Unit Rent1 1425 Unit Rent2 1800 Unit Rent3 2513

San Diego MLS logo Listing provided courtesy of Austin Huffman of Marcus & Millichap: 858-373-3100. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Tiffany Torgan | Prestige Properties Enterprises
7855 Ivanhoe Ave. Suite 210
La Jolla CA, 92037