2621 Highland Avenue | 7-Unit Multifamily Investment in Swan Canyon, San Diego Presenting a rare opportunity to acquire a fully renovated 7-unit multifamily property located in the heart of Swan Canyon, one of San Diego’s emerging residential neighborhoods. 2621 Highland Avenue features a desirable unit mix of four (4) one-bedroom units and three (3) two-bedroom units, including one spacious two-bedroom townhome with a private attached garage—a unique amenity that adds value and appeal to prospective tenants. Each unit has been thoughtfully renovated within the last few years, offering modern interiors that enhance tenant satisfaction and reduce ongoing maintenance costs. The property offers on-site laundry facilities and ample on-site parking, further increasing convenience for residents. All seven units are currently occupied, providing immediate cash flow. However, rents are currently below market, creating a significant value-add opportunity for investors to boost revenue through rent increases upon lease turnover or renewals. Located just minutes from major thoroughfares, schools, and public transit, 2621 Highland Avenue sits in a quiet, residential pocket of Swan Canyon—an area known for its community feel and central access to everything San Diego has to offer.
Listed by La Reisa Atanoa
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License #02100978
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ERA Ranch & Sea Realty
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focused760@gmail.com
Last updated October 14, 2025
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Source: CRMLS #NDP2509928
Listing Facts
TypeMulti-family
NeighborhoodSwan Canyon
Days on Prevu8
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/14/2025
Listed by ERA Ranch & Sea Realty
$2,200,000
Property Details for 2621 Highland Avenue
Association
Amenities
Community Features: Hiking
Exterior
Construction
Number Of Units Total: 7
Stories Total: 2
Year Built: 1979
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Front of Building
Measurements
Building Area Total: 5,536
Lot Features: Bluff, No Landscaping, Street Level
Lot Size Acres: 0.16
Lot Size Area: 7,070
Lot Size Source: Public Records
Lot Size Square Feet: 7,070
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 4.4
Gross Income: $129,923.00
Operating Expense: $33,906.00
Taxes
Parcel Number: 4765012100
Other
Location
Tax Lot: 19, 20
Parking
Parking
Open Parking Spaces: 11
Parking Total: 11
Utilities
Equipment
Laundry Features: Common Area
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.