# 312 Brookes Ave, San Diego, CA 92103 > **TL;DR:** 4bd/4ba residential multi family, $2,295,000 ($1014/sqft), built 2010, 2,264 sqft. > A/C. Est. $12,274/mo. Listed 67 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,295,000 | | Price/sqft | $1014 | | Bedrooms | 4 | | Bathrooms | 4 full | | Square Feet | 2,264 | | Year Built | 2010 | | Stories | 2 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 67 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $11,605 | | Estimated Insurance | $669 | | **Total** | **$12,274** | ## Key Amenities - A/C ## Property Highlights - Built in 2010 - 2 stories ## Description ### Agent Description RE-PRICED TO SELL! Turnkey Hillcrest multifamily investment offering four extensively renovated 1BR/1BA residences in a highly desirable central San Diego location. Fully leased with approximately $143,880 in annual gross scheduled income and approximately $111,690 stabilized NOI. New asking price represents an approximate 4.87% stabilized cap rate. The property has undergone extensive improvements including updated kitchens and bathrooms, flooring, dual-pane windows, electrical and plumbing upgrades, mini-split heating and air conditioning, in-unit laundry, fire sprinkler improvements, secured entry and landscaped common areas. Select residences include private outdoor space and parking. Located near Balboa Park, UC San Diego Health Hillcrest, Scripps Mercy Hospital, Mission Hills, Downtown San Diego, dining, shopping, transit and major transportation corridors. A compelling opportunity to acquire a fully leased, renovated four-unit property with established in-place income and limited near-term capital improvement requirements. Exceptional opportunity to acquire a fully leased, extensively renovated four-unit property in the heart of Hillcrest. Each residence offers one bedroom and one bathroom with an updated kitchen, stainless-steel appliances, modern flooring, newer windows, wall-mounted air conditioning, and in-unit laundry. Additional property improvements include upgraded electrical systems, fire sprinklers, and a newer water main. Select units include gated parking. Offered at $2,295,000, the property currently generates approximately $143,880 in gross scheduled annual income with an estimated stabilized NOI of $111,690, equating to an approximate 4.87% stabilized capitalization rate based on the current asking price and operating assumptions. The property provides immediate income from four existing leases. The seller may consider facilitating a potential vacancy for a buyer who intends to occupy one unit as a primary residence. This may provide an opportunity for a qualified buyer to pursue owner-occupied financing while using eligible rental income from the remaining units to assist with loan qualification. Financing terms, occupancy requirements, and the amount of rental income considered are subject to lender underwriting and approval. No vacancy is guaranteed, and any vacancy must comply with the existing lease, tenant agreement, and applicable law. Conveniently located near major medical and employment centers, restaurants, shopping, public transportation, Balboa Park, and Downtown San Diego. An attractive opportunity for an investor or potential owner-user seeking a stabilized residential income property in one of San Diego's most desirable rental markets. Offering Memorandum and additional financial information are available upon request. Buyer to verify all property information, permits, square footage, income, expenses, financing options, capitalization rate, and operating assumptions. ## Location - **Address:** 312 Brookes Ave, San Diego, CA 92103 - **County:** San Diego - **Neighborhood:** Hillcrest (HC) - **Coordinates:** 32.743462, -117.162462 - **Google Maps:** https://www.google.com/maps?q=32.743462,-117.162462 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/snd/260020675 ## Listing Agent - **Name:** Jean Paul Schwarz · **License:** 01915341 - **Brokerage:** The Schwarz Group - **Broker Phone:** (858) 779-1303 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/312-Brookes-Ave-Apt-1_San-Diego_CA_92103_M28848-61822?f=listhub&s=SANDICOR&m=260020675&c=propsimple) ## Photos ![312 Brookes Ave - Photo 1](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f4174000261r.jpg) ![312 Brookes Ave - Photo 2](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f2576254888r.jpg) ![312 Brookes Ave - Photo 3](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f29255849r.jpg) ![312 Brookes Ave - Photo 4](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f634120130r.jpg) ![312 Brookes Ave - Photo 5](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f3999146985r.jpg) ![312 Brookes Ave - Photo 6](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f813013153r.jpg) ![312 Brookes Ave - Photo 7](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f3648001457r.jpg) ![312 Brookes Ave - Photo 8](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f3518641745r.jpg) ![312 Brookes Ave - Photo 9](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f4069880059r.jpg) ![312 Brookes Ave - Photo 10](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f1614862590r.jpg) ![312 Brookes Ave - Photo 11](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f2801090692r.jpg) ![312 Brookes Ave - Photo 12](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f3458433205r.jpg) ![312 Brookes Ave - Photo 13](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f1819634023r.jpg) ![312 Brookes Ave - Photo 14](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f2858501857r.jpg) ![312 Brookes Ave - Photo 15](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f1520019317r.jpg) ![312 Brookes Ave - Photo 16](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f759746652r.jpg) ![312 Brookes Ave - Photo 17](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f507525546r.jpg) ![312 Brookes Ave - Photo 18](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f1072286539r.jpg) ![312 Brookes Ave - Photo 19](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f1476149540r.jpg) ![312 Brookes Ave - Photo 20](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f1236293723r.jpg) ![312 Brookes Ave - Photo 21](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f4121954869r.jpg) ![312 Brookes Ave - Photo 22](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f4108986156r.jpg) ![312 Brookes Ave - Photo 23](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f4027158294r.jpg) ![312 Brookes Ave - Photo 24](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f1834419798r.jpg) ![312 Brookes Ave - Photo 25](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f1836984320r.jpg) ![312 Brookes Ave - Photo 26](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f4156521290r.jpg) ![312 Brookes Ave - Photo 27](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f4049713989r.jpg) ![312 Brookes Ave - Photo 28](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f1463260281r.jpg) ![312 Brookes Ave - Photo 29](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f2086472389r.jpg) ![312 Brookes Ave - Photo 30](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f3288164676r.jpg) ![312 Brookes Ave - Photo 31](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f4137278911r.jpg) ![312 Brookes Ave - Photo 32](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f1155330850r.jpg) ![312 Brookes Ave - Photo 33](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f3170525386r.jpg) ![312 Brookes Ave - Photo 34](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f412650717r.jpg) ![312 Brookes Ave - Photo 35](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f830745221r.jpg) ![312 Brookes Ave - Photo 36](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f1691822666r.jpg) ![312 Brookes Ave - Photo 37](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f4100588906r.jpg) ![312 Brookes Ave - Photo 38](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f3831965879r.jpg) ![312 Brookes Ave - Photo 39](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f2099133333r.jpg) ![312 Brookes Ave - Photo 40](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f2722240045r.jpg) ![312 Brookes Ave - Photo 41](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f3959294801r.jpg) ![312 Brookes Ave - Photo 42](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f4225926945r.jpg) ![312 Brookes Ave - Photo 43](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f722783893r.jpg) ![312 Brookes Ave - Photo 44](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f1408738682r.jpg) ![312 Brookes Ave - Photo 45](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f1269497073r.jpg) ![312 Brookes Ave - Photo 46](http://lh.rdcpix.com/f57d419bc72762b4232d622c69daf588l-f3699660176r.jpg) --- **MLS#:** 260020675 | **Updated:** 2026-10-26 **Source:** listhub *Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/312-brookes-ave-san-diego-ca-92103-be66a2b376d941f6af1c0d76dc5580fc) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/312-brookes-ave-san-diego-ca-92103-be66a2b376d941f6af1c0d76dc5580fc#listing", "url": "https://www.propertysimple.ai/listing/312-brookes-ave-san-diego-ca-92103-be66a2b376d941f6af1c0d76dc5580fc", "name": "312 Brookes Ave, San Diego, CA 92103", "description": "RE-PRICED TO SELL! Turnkey Hillcrest multifamily investment offering four extensively renovated 1BR/1BA residences in a highly desirable central San Diego location. Fully leased with approximately $143,880 in annual gross scheduled income and approximately $111,690 stabilized NOI. New asking price represents an approximate 4.87% stabilized cap rate. The property has undergone extensive improvements including updated kitchens and bathrooms, flooring, dual-pane windows, electrical and plumbing upgrades, mini-split heating and air conditioning, in-unit laundry, fire sprinkler improvements, secured entry and landscaped common areas. Select residences include private outdoor space and parking. Located near Balboa Park, UC San Diego Health Hillcrest, Scripps Mercy Hospital, Mission Hills, Downtown San Diego, dining, shopping, transit and major transportation corridors. A compelling opportunity to acquire a fully leased, renovated four-unit property with established in-place income and limited near-term capital improvement requirements. Exceptional opportunity to acquire a fully leased, extensively renovated four-unit property in the heart of Hillcrest. Each residence offers one bedroom and one bathroom with an updated kitchen, stainless-steel appliances, modern flooring, newer windows, wall-mounted air conditioning, and in-unit laundry. Additional property improvements include upgraded electrical systems, fire sprinklers, and a newer water main. Select units include gated parking. Offered at $2,295,000, the property currently generates approximately $143,880 in gross scheduled annual income with an estimated stabilized NOI of $111,690, equating to an approximate 4.87% stabilized capitalization rate based on the current asking price and operating assumptions. The property provides immediate income from four existing leases. The seller may consider facilitating a potential vacancy for a buyer who intends to occupy one unit as a primary residence. This may provide an opportunity for a qualified buyer to pursue owner-occupied financing while using eligible rental income from the remaining units to assist with loan qualification. Financing terms, occupancy requirements, and the amount of rental income considered are subject to lender underwriting and approval. No vacancy is guaranteed, and any vacancy must comply with the existing lease, tenant agreement, and applicable law. Conveniently located near major medical and employment centers, restaurants, shopping, public transportation, Balboa Park, and Downtown San Diego. An attractive opportunity for an investor or potential owner-user seeking a stabilized residential income property in one of San Diego's most desirable rental markets. Offering Memorandum and additional financial information are available upon request. 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