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918 S Cabrillo Ave
For Sale $2,488,000
$2,488,000
- 12 Units
- Unknown Sq Ft
- 8,354 Sq Ft
- Unknown Cap Rate
Description
Beautiful Pride-of-Ownership Property in PRIME Location!!!
Charming courtyard-style apartment complex consisting of 8 residential units—6 one-bedroom units and 2 two-bedroom units—along with 4 street-facing commercial spaces on 9th Street, occupied by a long-term tenant (lease in place through April 2030 with built-in annual increases).
**Major capital improvements include: soft-story retrofit, new roof, upgraded main drain, new garage doors, exterior repainting, and interior unit renovations.
The property has 6 private garages, additional on-site parking, and common laundry facilities.
**Offered at an attractive 11.1 GRM and 5.9% cap rate on existing income, the property also presents clear upside potential through future rent growth. This turnkey property offers a compelling mix of residential stability and commercial frontage in a high visibility, desirable location. ** Qualifies for favorable multifamily financing, making this a turnkey opportunity for investors seeking long-term performance with minimal maintenance and easy management. SEE SUPPLEMENTS FOR RENT ROLL & LOAN QUOTE
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,488,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 7 spots |
| Year Built | 1964 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7454009001 |
| MLS # | SB26022408 |
| Property ID | 322562822 |
| Lot Sqft | 8,354 |
| Zoning | Unknown |
| Total Units | 12 |
| Days on Market | 26 |
| Original List Price | $2,488,000 |
| Date Updated | February 07, 2026 |
| Date Created | January 31, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $18,485 | $0 |
| Net Income (Yr) | $ 146,143 |
Listing Provided By
Olga Wright an agent of . Lic #01315042
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 07, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT