1315 Morena Blvd – 12 Unit Turn Key Property

Price:

$3,399,000

Building Sq Footage:

4,101 SF

Property Type:

Multi – Family

Unit Count:

12

PROPERTY HIGHLIGHTS

Introducing a fully reimagined 12-unit apartment community in the heart of Bay Park — one of San Diego’s most walkable, lifestyle-driven coastal neighborhoods. Just blocks from Mission Bay and surrounded by beloved local dining and gathering spots, this property offers residents an authentic Bay Park lifestyle with exceptional everyday convenience.

The community consists of 3 studios, 8 one-bedroom/one-bath units, and 1 two-bedroom/two-bath unit, all thoughtfully modernized as part of a comprehensive, city-permitted down-to-the-studs renovation. Capital improvements include a new fire sprinkler system, all-new plumbing and electrical systems, new drywall and insulation throughout, secured gated access, and off-street parking — delivering new-construction quality within an established coastal neighborhood setting.

Each residence features modern finishes and upgraded interiors, creating strong tenant appeal and a high-quality, low-maintenance investment with stabilized rental income already in place.

Location is a defining feature. Situated in the vibrant core of Bay Park, residents can walk to neighborhood favorites including Cordova (next door), Sardina’s Italian, Sidecar (directly across the street), Luce, Bay Park Fish Company, Seisel’s Meat Market, and Tio Leo’s. The property is minutes from the Tecolote Trolley Station, major bus routes, Interstate 5, University of San Diego, Old Town, Fashion Valley, San Diego International Airport, Mission Bay, Fiesta Island, and Tecolote Park, placing recreation, employment centers, and transportation hubs within easy reach.

Beyond its immediate lifestyle appeal, the property sits within the trajectory of the proposed Morena Corridor Project, an area already benefiting from infrastructure investment, enhanced connectivity, and growing housing demand — positioning the asset for continued long-term upside.

1315 Morena Blvd presents a rare opportunity to acquire a stabilized, turnkey apartment community in one of coastal San Diego’s most desirable and evolving submarkets.

Seth Watje

Seth Watje

President/Principal

DRE# 01805453
D: 858.867.3732
C: 619.358.3748
Watje@starkerwest.com

Adam D. Cairo

Adam D. Cairo

Vice President/Principal

DRE# 01948040
D: 858.867.3698
C: 619.300.0173
Cairo@starkerwest.com

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Contact Us

4010 Morena Blvd #103
San Diego, CA 92117
Tel: 858-867-3732
DRE#02172966
info@starkerwest.com