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2635-39 Magnolia Ave
Coastal South San Diego 92109

$2,390,000
Residential Income beds: 8 baths: 5.0 3,525 sq. ft. built: 0

Main Photo: Residential Income for sale : 8 bedrooms : 2635-39 Magnolia Ave in San Diego
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Status:
Active
Prop. Type:
Residential Income
MLS® Num:
250024514
Bedrooms:
8
Bathrooms:
5
5.01% CAP RATE; THE HIGHEST MULTIFAMILY CAP RATE IN PB. We are pleased to present 2635-39 Magnolia Avenue, a fully renovated 5-unit complex in the highly popular Pacific Beach neighborhood of San Diego, CA. Resting near the end of a quiet col-de-sac, Magnolia features a desirable mix of four 2-bedroom /1-bath units and a single studio unit (affordable; 110% AMI). Of the four 2-bedrooms which range from 733 square feet to 750 square feet, one is a 2-story townhome. The studio is approximately 350 square feet. Units include their own in-unit washer/dryers, new vinyl plank flooring, wall-heaters, stainless steel appliances, new ceiling fans, refurbished and new cabinetry along with new kitchens and bathrooms. The complex was built in 1960 and totally restored with additional ADUs added in 2023-2024. The lot is approximately 6,185 square feet zoned RM-3-8 (1du per 800sf) with 3,525 square feet of improvements and four tandem parking spaces.
Property Sub Type:
Com-Res Income
Number of Buildings:
3
County Or Parish:
San Diego
Market Area:
Coastal South
Total Building Area:
3,525 sq. ft.
Total Floor Area:
3,525 sq. ft.
Total Bedrooms:
8
Bathrooms:
5
Half Bathrooms:
0
Stories:
2 Story
Num Stories:
2
Year Built:
0
Age (in years):
2,025 year(s)
Short Sale:
false
Total Actual Rent:
$14,495
Cap Rate.:
5.17
Gross scheduled income:
173940.0
Operating expense:
48832.0
Financial Information Source:
Owner
Number of Units:
5
Number of Leased Apartments:
5
Number of Units in Unit 1:
1
Number of Units in Unit 2:
2
Number of Units in Unit 3:
3
Number of Units in Unit 4:
4
Number of Units in Unit 5:
5
Total Rent for Unit 1:
$2,995
Total Rent for Unit 2:
$3,150
Total Rent for Unit 3:
$2,050
Total Rent for Unit 4:
$3,150
Total Rent for Unit 5:
$3,150
Special Listing Conditions:
N/K
Construction Material:
Fully Landscaped, Part Fenced
Lot Size:
6,098 sq. ft.
Parcel Number:
424-111-05-00
Parking Features:
Spaces
Total Parking Spaces:
8
Total Non-Garage Spaces:
0
Heating:
Wall
Cooling:
Wall/Window
Roof:
Composition
Floor finish:
Vinyl
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Listed by Marcus & Millichap
Data was last updated August 27, 2025 at 03:10 AM (UTC)
Area Statistics
Listings on market:
69
Avg list price:
$2,995,000
Min list price:
$1,200,000
Max list price:
$15,999,000
Avg days on market:
64
Min days on market:
1
Max days on market:
652
These statistics are generated based on the current listing's property type and located in Coastal South. Average values are derived using median calculations. This data is not produced by the MLS® system.
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 Multiple Listing Service, Inc. 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 Multiple Listing Service, Inc.