About This Home

Pleased to present the pricing and analysis for 3670 Altadena Avenue, a 10-unit multifamily property located in the heart of Chollas Creek, one of San Diego’s centrally located and steadily evolving rental submarkets. The property features a unit mix of ten (10) large one-bedroom/one-bathroom units averaging approximately 650 square feet, with floorplans that offer potential for reconfiguration into two-bedroom units. Built in 1976, the property offers practical layouts that appeal to singles, couples, and long-term tenants. All roofs have been fully replaced within the last three years. Additionally, Altadena Avenue is in a designated Opportunity Zone, allowing buyers to potentially benefit from significant federal tax incentives, including deferral and reduction of capital gains taxes. This makes the property an attractive investment for those seeking both long-term growth and tax advantages. With the area’s growing population and increasing demand for well-located, affordable rental housing, 3670 Altadena Avenue presents an excellent opportunity for investors seeking a value-add asset with solid fundamentals in a dynamic and accessible submarket of San Diego County.

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