402–408 Olivewood Terrace presents a well-located 4-unit

multifamily investment opportunity in San Diego’s 92113

submarket. Built in 1930 and totaling approximately 2,844 square

feet on a 6,337 square foot lot, the property features a balanced unit

mix of two 2-bedroom / 1-bath units and two 3-bedroom / 2-bath

units. The property’s efficient floorplans maximize bedroom count

while maintaining functional layouts and supporting an attainable

rental profile for the area.

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Three units are currently occupied with one 3-bedroom / 2-bath unit to be delivered vacant at close of escrow. This vacancy provides immediate lease-up potential and the opportunity for a new owner to establish market rent from day one. Units have been upgraded over time as they have turned over, allowing an investor to step into a maintained asset with continued rental growth potential.

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 The property benefits from a central location with convenient

access to major San Diego freeways, including the 5, 15, 805, and

94. Its proximity to Downtown San Diego, employment hubs, and

transportation corridors supports strong tenant demand and long-

term rental stability.

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Offered at $995,000, the property represents an accessible entry

point into the San Diego multifamily market. The combination of

in-place income, a favorable bedroom mix, central location, and

near-term rental upside positions the asset as an attractive

opportunity for both first-time multifamily investors and

experienced buyers seeking long-term appreciation with

operational upside.

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