City Heights, San Diego, CA (March 12, 2025) – Commercial Asset Advisors (CAA) is pleased to announce the successful sale of 2642-2648 44th Street, San Diego, CA 92105, which closed on February 25, 2025. CAA’s Maxwell Brown and Trenton Kaylor represented the seller.
The 9-unit multifamily property sold for $2,300,000. The 6,185 SF building offered a two-story 6-unit apartment building with a detached house and adjacent duplex. The property was well maintained and located in a rapidly gentrifying neighborhood of City Heights near Hamilton Elementary. At the time of close, the 1980's construction building produced an in place 6.10% cap with additional room for income growth.
Highlights:
Price Per Unit: $255,500
In Place Cap Rate: 6.10%
Unit Mix:
(4) 1 Bed / 1 Bath
(5) 2 Bed / 1 Bath
Strategically situated in a rapidly developing neighborhood, this well-maintained asset offers strong investment potential in an area undergoing significant revitalization.
With a proven track record across all asset types, CAA continues to deliver exceptional results for buyers and sellers throughout San Diego County, maximizing value regardless of market conditions.
For more information on this transaction or to explore investment opportunities, contact:
Maxwell Brown, Senior Vice President (DRE Lic. # 02127395), at brown@caacre.com.
Trenton Kaylor, Associate (DRE Lic. # 02192535), at trent@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.
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