About 312 Brookes Ave
Fully leased and extensively renovated in 2025 four-unit investment property in the heart of Hillcrest. Each residence offers one bedroom and one bathroom with updated kitchens, stainless-steel appliances, modern flooring, newer windows, wall-mounted air conditioning, and in-unit laundry. Property improvements include upgraded electrical systems, fire sprinklers, and a newer water main. Select units include gated parking. Each unit has a separate SDG&E meter and only one water meter. The property currently generates approximately $143,880 in gross scheduled annual income with an estimated stabilized NOI of $111,690. All four leases are in place, offering immediate income and limited near-term capital improvement requirements. Located near major employment centers, medical facilities, restaurants, shopping, public transportation, Balboa Park, and Downtown San Diego. An attractive opportunity to acquire a stabilized residential income property in one of San Diego’s most desirable and supply-constrained rental markets. Offering Memorandum, rent roll, leases, and financial information are available upon request. Buyer to verify all property information, permits, square footage, income, expenses, and operating assumptions.
