559 61st St, San Diego, CA 92114

Property Description

559-565 61st Street is a rare opportunity to acquire a 7 unit multifamily asset situated across four separate structures on a large 15,606 square foot lot. The property features a desirable unit mix of (6) 2 bedroom/1 bathroom units and (1) 4 bedroom/2 bathroom unit, providing broad tenant appeal and strong occupancy potential. Current rents remain below market, creating a clear opportunity to increase cash flow through interior renovations, strategic lease up, and professional management. An existing RUBS program provides supplemental income while helping offset utility expenses. Encanto remains an attractive investment submarket driven by its relative affordability, strong neighborhood character, and convenient access to transportation. The property is located within walking distance of the Encanto/62nd Street Trolley Station, offering direct connectivity to Downtown San Diego. The property is located within a Federal Opportunity Zone, offering significant tax advantages for qualifying capital gains investments.

Listing Status:

Active

Date Added:

June 24, 2026

Data Last Updated:

July 6, 2026 at 1:16AM

Listing Office:

Landmark Multifamily and Devel : 408-368-5225

Listing Agent:

Miles Slater : 425-405-8892

MLS ID:

260015251SD

Interior

• A/C:
• Heating: None

Exterior

• Parking: Parking spaces: 12

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_SAND
• County: San Diego

Lot

• Zoning: 5490521000

Financial

• Source: CRMLS_SAND