S. Kensington, San Diego, CA (March 11, 2025) – Commercial Asset Advisors (CAA) is pleased to announce the sale of 4342 Marlborough Ave., San Diego 92105, a 9-unit, fully renovated multifamily property in South Kensington. The 5,850 SF turnkey asset, offering strong rental upside, sold on February 14, 2025, for $3,000,000.
Highlights:
Price Per Unit: $333,333
In-Place Cap Rate: 4.75%
Proforma Cap Rate: 5.53%
Unit Mix:
(2) Studios
(3) 1 Bed / 1 Bath
(2) 2 Bed / 1 Bath
(2) 2 Bed / 2 Bath
Turnkey Property: Fully renovated 2016
Major Improvement Made: Water lines pulled from slab
Price Per SF: $513
CAA Lead Agent Maxwell Brown represented the seller, Marlborough Ave LLC, successfully closing the transaction within the proposed strike price range after four months on the market. “These renovated, well-maintained multifamily assets in Class B- or better locations continue to see strong demand in the mid to high 4% cap rate range with sufficient market exposure,” said Maxwell Brown. “The buyer acquired a high-quality, turnkey asset with 5-10% rental upside, requiring little to no additional capital expenditures—an ideal opportunity for an investor looking to park cash in Central San Diego.”
With a proven track record in San Diego County, CAA continues to deliver results across all product types, maximizing value for buyers and sellers in diverse markets and asset classes.
For more information on this transaction or to explore investment opportunities, contact Maxwell Brown, Senior Vice President (DRE Lic. # 02127395), at mbrown@caacre.com.
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About Commercial Asset Advisors
Commercial Asset Advisors is a San Diego-based commercial real estate brokerage that specializes in serving the unique needs of individual private clients, as well as family offices, corporate, institutional, nonprofit and national organizations. As a full-service CRE firm, our team has assisted property owners from Central San Diego, North County, East County, South County and beyond to maximize the value of their investments including office, retail, industrial, apartment and multi—family, mixed-use projects, ground-up development tenant representation and much more. With experience earned through exceptional hard work, CAA has successfully completed over 1,500 sale and lease transactions totaling over $1.5 billion in consideration. CAA provides unmatched customer service and strategic advice in all areas, asset types, and transaction structures.