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- #65: 100% Vacant 8-Unit in San Diego + High-Cash Flow House Hacks
#65: 100% Vacant 8-Unit in San Diego + High-Cash Flow House Hacks
This week’s deals include a rare fully vacant 8-unit in San Diego, two prime house hack opportunities, and a LA flip with strong margins. Don’t miss out!
Kevin
March 06, 2025
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Hello Investors,
Welcome to Dealsletter #65 - This week, we have a MUST-SEE fully vacant 8-unit apartment complex in San Diego, an ideal house hack triplex in Escondido, another new construction house hack in San Diego, and a high-margin flip in Los Angeles.
Let’s dive in! 👇
🚨 Note on Numbers: All calculations for investment properties are based on a 25% down payment and a current interest rate of 6.72%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 6.14%(FHA) interest rate. We do the math so you can focus on what matters – the deals!
👉🏼 Stay up to date: What’s the latest on mortgage rates?
📈 The Stats: Each listing comes with detailed investment metrics like cap rates, GRM, and special financing options where available.
Property #1 – 100% Vacant Multi-Family in San Diego – Rare Opportunity
8-Unit Apartment Building | $2,375,000 ($296,875/Unit) | 6.60% Cap Rate
Investment Highlights
100% Vacant – Ready for Immediate Renovation
Prime Value-Add Opportunity
Spacious One and Two-Bedroom Units
Centrally Located Near University Ave & El Cajon Blvd
Two Double-Car Garages with ADU Potential
Offers Due by March 17th
Why This Is a Great Investment
This fully vacant 8-unit apartment complex presents a rare opportunity to implement a full renovation and secure premium rents. Located in Cherokee Point, one of San Diego’s most rapidly appreciating neighborhoods, this property benefits from high walkability (Walk Score: 87) and proximity to major freeways. The vacant status means investors can immediately renovate and reposition the property for maximum cash flow. With the potential to convert garages into ADUs, the upside here is significant.
The Stats (25% Down) 📝
Purchase Price: $2,375,000
Cap Rate: 6.7%
Gross Rent: $19,300/month
Vacancy (10%): -$1,930/month
Operating Expenses: -$4,202
Taxes: $2,054
Insurance: $218
Maintenance: $965/month
Capital Expenditures: $965/month
NOI: $13,168/month
Cash Flow: Moderate
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