1202 Gertrude Street
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1202 Gertrude Street

C

San Diego, CA 92110

$2,995,000
NEW — 3d

Beds

Baths

Sqft

3,417

Year Built

2026

Days on Market

3

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2606121

This property is in San Diego (92110). View neighborhood stats →

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About This Property

Brand new construction priced just under 375 a pound with monthly gross rents of $18,500!!! This eight-unit multifamily property is in the Bay Park submarket. Located in a highly desirable neighborhood close to beaches and USD University!!! All the units are 1 bed 1 bath featuring 5 separate buildings. Two of the units are stand alone with private yards. The other 3 buildings are duplexes with private yards for the down stairs units. Two units have upstairs balconies. There is a coin operated laundry room on site. Seven of the eight units have solar and are all electric. One of the stand alone units has gas. All of the units are seperatly metered for electric and submetered for water. 1202 Gertrude is a great opportunity to acquire a brand new income producing property with no deferred maintenance in Bay Park.

Mortgage Calculator

Est. Monthly Payment

$19,013

Principal & Interest$15,144
Property Tax$2,995
Insurance$874
%($599,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$4,934
Monthly Cashflow

Rent − PITIA

$-14,079
Full Cashflow

Incl. vacancy, PM, maint, capex

$-17,710

Mortgage (P+I)
$15,144
Cap Rate
-1.03%
Cash-on-Cash
-35.48%
DSCR

Need ≥ 1.25 for DSCR loan

0.26
Break-even Rent
$27,934

NOI (Annual)
$-30,788
Price-to-Rent

Lower = better for investors

50.6

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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