Our newest offering in prime linda vista

2956-2960 Ulric St, San Diego, 92111 Sales price: $2,295,000

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2956 Ulric St, San Diego, CA 92111

Our newest offering in prime linda vista: 2956 Ulric St

A high-income, low-maintenance 3-unit property designed for the modern investor.

2 Bedroom 1 bath detached single family house + two new construction 3 bedroom 2 bathroom townhomes with garages. This turnkey investment requires no capital improvements and delivers a Gross Scheduled Income comparable to many 4-unit sales in the area. With a competitive GRM and CAP rate for this coastal-adjacent neighborhood, the property features large, well-designed units with granite countertops, stylish cabinetry, illuminated mirrors, and sleek finishes throughout. Each townhome includes an attached garage and private rear patio—amenities that attract long-term tenants and demand strong rental prices. Two of the units are already receiving market rents and the 3rd vacant offering flexibility for the next owner.

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HIGHLIGHTS

Investment Highlights

Immediate Cash Flow + Upside:

Two units are already leased at strong market rents, while the identical third unit is vacant for showings—ready to be leased at $4,200+/month for instant income growth.

Premium Tenant Amenities:

Each new construction unit features an attached garage, private patio, modern kitchen with granite countertops, and stylish bathroom finishes—attracting long- term, high-quality tenants. The front home has been thoughtfully remodeled and is currently rented at a strong market rate.

Above Area Average Cap Rate:

This property supports a 4.03% cap rate (actual) and 4.35% at market rents which is above the comparable sale average of 3.69% cap rate.

Attractive Financing Metrics:

With 50% down, typical of beach adjacent suburbs, this property presents cash flow opportunities year 1.

Central, High-Rent Pocket:

Ideally located in Linda Vista near USD, Fashion Valley, and major highways—drawing professionals, students, and families seeking quality rentals.

Let’s Sell Your Property the Right Way.

With ACI Apartments, you don’t just get a listing — you get a full marketing machine across digital + traditional channels, with real data and proven results.

https://aciapartments.com/
Address: 7946 Ivanhoe Ave Suite 300B, La Jolla CA 92037

2956-2690 Ulric St, San Diego, 92111

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