Jojo Giordano REALTOR

Berkshire Hathaway California Properties

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1518 Rosecrans Street
Coastal South San Diego 92106

$7,500,000
Residential Income beds: 24 baths: 18.0 10,800 sq. ft. built: 0

Main Photo: Residential Income for sale : 24 bedrooms : 1518 Rosecrans Street in San Diego
Photo 1: Residential Income for sale : 24 bedrooms : 1518 Rosecrans Street in San Diego
Photo 2: Residential Income for sale : 24 bedrooms : 1518 Rosecrans Street in San Diego
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Status:
Active
Prop. Type:
Residential Income
MLS® Num:
260016900
Bedrooms:
24
Bathrooms:
18
Loma Manor is an 18-unit apartment community located in the coastal neighborhood of Point Loma. The property features one-bedroom and two-bedroom floor plans, an on-site laundry facility, and well-maintained, professionally landscaped grounds. Residents enjoy a highly walkable location near restaurants, grocery stores, coffee shops, and neighborhood amenities, and are less than one mile from Liberty Station, offering approximately 360,000 square feet of premier retail, dining, office, and entertainment space. While the property has been well maintained, in-place rents remain below market. Current ownership has improved six of the 18 units. A new owner can significantly increase the current rents with a full interior and exterior renovation. Located near the waterfront, the property has historically maintained strong occupancy and benefits from Point Loma's desirable coastal lifestyle, scenic bay views, nearby marinas, and major employment centers, including the U.S. Navy. Loma Manor Apartments offers a rare opportunity to acquire a well located coastal multifamily asset with meaningful value-add potential in one of San Diego's most desirable and supply-constrained submarkets.
Property Sub Type:
Com-Res Income
Number of Buildings:
3
County Or Parish:
San Diego
Market Area:
Coastal South
Total Building Area:
10,800 sq. ft.
Total Floor Area:
10,800 sq. ft.
Total Bedrooms:
24
Bathrooms:
18
Full Bathrooms:
18
Half Bathrooms:
0
Structure Type:
Apartment
Num Stories:
2
Year Built:
0
Age (in years):
2,026 year(s)
Short Sale:
false
Cap Rate.:
3.36
Gross scheduled income:
452328.0
Projected Gross Multiplier:
15.1
Operating expense:
192426.0
Projected Cap Rate.:
4.0
Financial Information Source:
Owner, Tax Return
Number of Units:
18
Number of Units in Unit 1:
12
Number of Units in Unit 2:
6
Special Listing Conditions:
N/K
Laundry:
Leased
Construction Material:
Frame, Stucco
Lot Size:
0 sq. ft.
Parcel Number:
530-742-05-00
Parking Features:
Spaces
Heating:
Wall
Cooling:
None
Roof:
Composition
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Listed by Eric D. Comer, Broker
Data was last updated July 10, 2026 at 09:10 PM (UTC)
Area Statistics
Listings on market:
100
Avg list price:
$2,750,000
Min list price:
$1,095,000
Max list price:
$11,995,000
Avg days on market:
62
Min days on market:
1
Max days on market:
386
These statistics are generated based on the current listing's property type and located in Coastal South. Average values are derived using median calculations. This data is not produced by the MLS® system.

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