6742 Waterman
San Diego, CA 92111
One license per person in San Diego: whether you can hold it depends on you, not only the home.
17 licensed short-term rentals within ½ mile (13 whole home), from the cities' license and permit lists of Nov 6, 2026.
Beds
—
Baths
—
Sqft
3,667
Year Built
1948
Days on Market
0
Property Type
Multi-Family
HOA/mo
N/A
MLS ID
PTP2608226
This property is in San Diego (92111). Browse neighborhood analytics →
About This Property
Brand new construction, fully leased, and low operating costs. A turnkey 4-unit investment in Linda Vista. On a quiet cul-de-sac in central Linda Vista, this property pairs a fully remodeled 3 bed/2 bath home with a brand new upper unit and 2 brand new ADUs, so three of the four units are new construction. That means fewer repairs and lower operating costs. All 4 units are 100% leased at market rents with leases running into 2027. Gross scheduled rent is $135,948 a year, which is a 5.1% pro forma cap rate and a 15.4 GRM. Operating expenses are about $32,500 a year. Highlights include a skylit upper unit with a wraparound balcony, open breakfast-bar kitchens in the units, private entrances, and an in-unit washer/dryer in every unit. The unit mix is one 3 bed/2 bath and three spacious 2 bed/2 bath units. Easy access to major freeways and shopping. A strong fit for an experienced investor looking for low-maintenance cash flow, or a first-time buyer who wants to live in one unit and let three help pay the mortgage.
Multifamily: not priced unit by unit
No unit count from the county, the listing or its remarks. No rent, cashflow or grade is shown for it.
Location
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Zoned Schools
Elementary
Linda Vista Elementary · grades PK-5 · San Diego Unified
Middle
Montgomery Middle · grades 6-8 · San Diego Unified
High
Kearny Digital Media & Design · grades 9-12 · San Diego Unified
or Kearny School of Biomedical Science and Technology · grades 9-12 · San Diego Unified
or Kearny College Connections · grades 9-12 · San Diego Unified
or Kearny Eng Innov & Design · grades 9-12 · San Diego Unified
Choice area: the district lets families here pick either school.
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Not Priced Unit by Unit
We price a building from what each of its units rents for. This one doesn't have what that needs, so no rent, cashflow or grade is shown.