2831–2837 Columbia Street offers investors a rare opportunity to acquire a four-unit apartment building in one of San Diego’s most sought-after urban neighborhoods. Perfectly positioned between Mission Hills, Bankers Hill, and Little Italy, the property delivers the ideal balance of strong in-place income, long-term appreciation, and unbeatable tenant appeal. With immediate access to Downtown San Diego, Balboa Park, the San Diego International Airport, and all major freeways, this asset combines location, lifestyle, and investment strength. The property consists of four spacious and modernized two-bedroom, one-bathroom apartments, each featuring premium in-unit amenities including its own washer/dryer and air conditioning, ensuring maximum comfort and convenience for tenants. In addition, every apartment comes with a separate oversized storage area—a highly desirable feature in this competitive rental market. Importantly, tenants are responsible for all utilities under their rental agreements, minimizing operating expenses and streamlining management for ownership. One of the most striking features of the property is its incredible, unobstructed views of Downtown San Diego and the San Diego Bay. This unique vantage point not only enhances the tenant living experience but also positions the property as a premier rental offering, creating consistently strong demand and long-term tenant retention. Do not miss out on this unique opportunity to acquire a stabilized, view-oriented multifamily asset in one of San Diego’s strongest rental markets.
Listed by Josh Browar
·
License #01824454
·
The Browar Group
·
858-414-4398
Last updated October 21, 2025
·
Source: CRMLS #250040905SD
Listing Facts
TypeMulti-family
NeighborhoodMiddletown
Days on Prevu16
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/17/2025
Status changed to Active
$2,395,000
10/17/2025
Status changed to Removed from Feed
$2,395,000
10/06/2025
Listed by The Browar Group
$2,395,000
Property Details for 2931 37 Columbia Street
Exterior
Construction
Number Of Units Total: 4
Roof: Composition
Stories: 2
Stories Total: 2
Year Built: 1959
Features
Fencing: Partial
Measurements
Lot Size Source: Assessor
Financial
Residential Income
Cap Rate: 4.1
Taxes
Parcel Number: 4516620400
Other
Location
Subdivision Name: Mission Hills
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Has Cooling: Yes
Has Heating: Yes
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.