SAN DIEGO’S MULTI-FAMILY DEALS NOW

Description

Multifamily apartment complex with Location, Location, Location, downtown San Diego.

Sofia Lofts 3045-3057 Broadway San Diego, CA 92102 17 Unit Apartment Building ($526,765/Unit)4% Cap Rate $8,955,000

INVESTMENT HIGHLIGHTS

  • Each Unit has Solar = Very low to nothing Utility Bill
  • Location

SOFIA LOFTS EXECUTIVE SUMMARY

Sofia Lofts is a 17-unit, architecturally distinct multifamily community in the heart of San Diego’s vibrant Golden Hill. Built in 2014 by award-winning Nakhshab Development & Design, this LEED Platinum-certified property combines modern aesthetics, energy efficiency, and exceptional tenant amenities—as such, they are all within a walkable, transit-friendly location just minutes from Downtown, Balboa Park, and South Park.

The property spans four parcels on 0.40 acres and features 13,796 rentable SF. Units range from efficient studios to spacious 2-bedroom residences, plus a fully restored 3BR/2BA historic house. Residences offer open floor plans, floor-to-ceiling windows, sealed concrete floors, quartz countertops, stainless steel appliances, in-unit laundry, and private or Juliette balconies. Select units enjoy views into a landscaped courtyard, which includes a communal BBQ area, fire pit, lounge seating, and an outdoor movie screen.
Sofia Lofts is a sustainable investment with a 90 LEED score, solar panels, ductless HVAC, Energy Star appliances, dual-pane windows, and EV chargers. Each unit is separately metered, with water sub-metering in place. Tenants enjoy secured access, 15 private garages, and business-grade Google Fiber internet.

Located in the eclectic Golden Hill neighborhood, Sofia Lofts boasts a 78 Walk Score and easy access to public transit and major freeways. Residents are within walking distance to restaurants, grocers, coffee shops, and local schools.

PROPERTY FACTS

Price$8,955,000Building ClassB
Price Per Unit$526,765Lot Size0.40 AC
Sale TypeInvestmentBuilding Size13,796 SF
Cap Rate4%Average Occupancy100%
Gross Rent Multiplier17No. Stories3
No. Units17Year Built2014
Property TypeMultifamilyParking Ratio1.09/1,000 SF
Property SubtypeApartmentOpportunity ZoneYes 
Apartment StyleLow-Rise
ZoningRM-3-7

MULTIFAMILY UNIT MIX INFORMATION

DESCRIPTIONNO. UNITSAVG. RENT/MOSF
Studios10465 – 807
2+16850 – 1,037
3+211,683

PROPERTY TAXES

Parcel NumbersMultipleTotal Assessment$3,483,866 (2025)
Land Assessment$929,943 (2025)Annual Taxes($1) ($0.00/SF)
Improvements Assessment$2,553,923 (2025)Tax Year2024
  • Address: 3045-3057 Broadway San Diego, CA 92102
  • Zip/Postal Code: 92102

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Argossy International Properties

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