- For Sale $9,840,000
- Property Type Multi-Family
- Property Size 32,770 SF
- Units 41
- Lot Size 1.69 Acre
- Property Tenancy Multi-Tenant
- Year Built 1975
- Date Updated Aug 27, 2026
Description
Discover the vibrant energy of San Diego surrounding the property at 6450 Sullivan Avenue. This sought-after location offers easy access to the city's premier attractions, including the iconic San Diego Zoo, magnificent Balboa Park, and the stunning waterfront of the San Diego Bay.
Encanto (Spanish for "Charm") is a hilly urban neighborhood located in the southeastern region of San Diego, California. The neighborhood is bordered by California State Route 94 and the communities of Oak Park and Broadway Heights to the north, O'Farrell (also known as South Encanto) to the south, Emerald Hills and Valencia Park to the west and the city of Lemon Grove to the eastWe are proud to present the Casa Serena Apartment Homes in the Encanto Heights neighborhood of San Diego. Casa Serena consists of forty one (41) 2 Bed/1 Bath single story cottage style units. Each building sits on its own parcel and the whole offering consists of twelve (12) total parcels. The gated property has 71 onsite parking spaces, on-site laundry
facilities (owned), and 12 large storage units.
Casa Serena will allow an investor to purchase a large property with positive leverage from day one. The low-density large footprint (almost 2 acres) may allow for a development play down the road. The 12 individual parcels allow for the investor to choose between commercial or residential financing.
Encanto is a predominantly low-density residential community, with commercial and industrial businesses located near major streets. Encanto Heights (where the subject property is located) sits just above the Encanto submarket, on the top of the hill providing beautiful views of the downtown skyline. The property itself is in a quiet pocket surrounded by all single family homes.
Highlights
- 6.15% CAP Rate on Actuals.
- All 2 Bedrooms - Single Story
- Beautiful Views of San Diego Skyline
- Large 73,455 Sq. Ft. Parcel (12 APNs)
- Only $240K per unit and $300 sq.ft.
- Quiet Single Family Residence Neighborhood
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Contacts
Jim Kelsey CCIM
Century 21 Masters
Location
Located at 6433-6463 Shaules Ave / 304-334 65th St / 6434-6464 Sullivan Ave, San Diego, CA 92114, San Diego, CA 92114, this property is part of the Encanto neighborhood and San Diego market.
Contact Listing Broker
Jim Kelsey CCIM
Century 21 Masters