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322 S Pardee St

San Diego, CA 92113
  • $1,750,000
  • STATUS: ACTIVE
  • ON SITE: 19 Days
  • ID#: 250000384
UPDATED: 149 min ago
$1,750,000
  • 4
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Proud to present 322 S Pardee St, a unique opportunity to own an extremely low maintenance high-yielding 5-unit investment property in the Mountain View submarket. This property features four (4) brand new construction 1bed/1bath apartments and a meticulously renovated 2bed/1bath front house. The newly constructed units are exempt from AB 1482 rent control restrictions for the next 15 years. Each unit is equipped with modern conveniences like central HVAC, in-unit washers and dryers, luxury vinyl flooring, and stainless steel appliances, catering to today’s renters who value comfort and efficiency. Each of the four 1bed/1bath units are identical 490 square-foot floor pans while the front house consists of a spacious 760 square foot layout with a private yard and tandem parking. The property is conveniently located in south central San Diego, with easy access to the Interstate 15 freeway, and just a 10 minute commute to downtown. Residents enjoy ample recreational spaces like the 11-acre Mountain View Park, Willie Henderson Sports Complex, and the Mountain View/Beckwourth Branch Library, offering community programs for all ages. This area provides a balanced mix of accessibility and neighborhood charm.

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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.callstein.com/homes/159228686
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322 S Pardee St San Diego, CA 92113

  • Price: $1,750,000
  • Status: ACTIVE
  • On Site: 19 Days
  • Updated: 149 min ago
  • ID#: 250000384
4
Beds
3
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Logan Heights (92113)
County:
San Diego
Area:
Logan Heights (92113)
Property Description
Proud to present 322 S Pardee St, a unique opportunity to own an extremely low maintenance high-yielding 5-unit investment property in the Mountain View submarket. This property features four (4) brand new construction 1bed/1bath apartments and a meticulously renovated 2bed/1bath front house. The newly constructed units are exempt from AB 1482 rent control restrictions for the next 15 years. Each unit is equipped with modern conveniences like central HVAC, in-unit washers and dryers, luxury vinyl flooring, and stainless steel appliances, catering to today’s renters who value comfort and efficiency. Each of the four 1bed/1bath units are identical 490 square-foot floor pans while the front house consists of a spacious 760 square foot layout with a private yard and tandem parking. The property is conveniently located in south central San Diego, with easy access to the Interstate 15 freeway, and just a 10 minute commute to downtown. Residents enjoy ample recreational spaces like the 11-acre Mountain View Park, Willie Henderson Sports Complex, and the Mountain View/Beckwourth Branch Library, offering community programs for all ages. This area provides a balanced mix of accessibility and neighborhood charm.
Interior Features

Sq Ft Of Improvement 0

Property Features

Actual Cap Rate 4.5 Actual Gross Operating Income 117273 Actual Gross Scheduled Income 120900.0 Actual Operating Expense 37886 Actual Vacancy And Credit Loss 3627 Assumable Finance 0 Buildings 2 Gross Equity 0 Gross Multiplier 14.5 Have N/A Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 10075 Motive Want N/A Other Income Amount 375 Other Income Source RUBS Projected Cap Rate 5.0 Projected Gross Multiplier 13.6 Projected Gross Operating Inc 124839 Projected Gross Scheduled Inc 128700 Projected Net Income 86953 Projected Operating Expense 37886 Projected Vacancy And Credit Loss 3861 Short Sale No Unit Number1 1 Unit Number2 3 Unit Number3 1 Unit Rent Total1 2400 Unit Rent1 2400 Unit Rent2 5400 Unit Rent3 1900

San Diego MLS logo Listing provided courtesy of Dylan Ackley of JLM Real Estate Inc: 425-802-5404. 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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7817 Ivanhoe Ave.
La Jolla CA, 92037