- For Sale $7,500,000
- Property Type Multi-Family
- Property Size 10,800 SF
- Units 18
- Lot Size 0.35 Acre
- Cap Rate % 3.38
- Year Built 1948
- Date Updated Sep 1, 2026
Description
Kidder Mathews is pleased to present the opportunity to acquire an
18-unit apartment community located in the coastal neighborhood of
Point Loma. The property features one-bedroom and two-bedroom floor
plans, an on-site laundry facility, and well-maintained, professionally
landscaped grounds. Residents enjoy a highly walkable location near
restaurants, grocery stores, coffee shops, and neighborhood amenities,
and are less than one mile from Liberty Station, offering approximately
360,000 square feet of premier retail, dining, office, and entertainment
space.
While the property has been well maintained, in-place rents remain
below market. Current ownership has improved six of the 18 units. A
new owner can significantly increase the current rents with a full interior
and exterior renovation.
Located near the waterfront, the property has historically maintained
strong occupancy and benefits from Point Loma's desirable coastal
lifestyle, scenic bay views, nearby marinas, and major employment
centers, including the U.S. Navy.
Loma Manor Apartments offers a rare opportunity to acquire a welllocated coastal multifamily asset with meaningful value-add potential in
one of San Diego's most desirable and supply-constrained submarkets.
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