Home | San Diego County | San Diego | 92111 | 6701 Kelly
MLS: CROC26221659 | Status: | Price: $8,975,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 45,738 | 1941 |
WD Land is pleased to present the opportunity to acquire The Kelly, a 27-unit multifamily community at 6701 Kelly Street in Linda Vista, one of central San Diego’s most accessible neighborhoods. Originally constructed in 1941, the property underwent a comprehensive gut renovation in 2022 that delivered new interiors, new windows, a new roof, plumbing upgrades and new electrical, positioning the asset as turnkey product for its next owner. The offering is composed of 12 townhome units, 12 apartment units, a duplex and an ADU on a ±45,738 SF (±1.05-acre) parcel with 56 on-site surface parking spaces, a 2.07-per-unit ratio. The mix spans three one-bedroom, eight two-bedroom/one-bath, twelve two-bedroom/two-bath and four three-bedroom homes, giving the property depth across household sizes. Renovated interiors feature quartz countertops, white shaker cabinetry, stainless steel appliances, wide-plank flooring, ceiling fans and refreshed tiled baths. At the offering price of $8,975,000 ($332,407 per unit and $357.57 per SF), the property delivers a 6.08% cap rate on in-place income and 6.43% at market rents, at a 10.35 gross rent multiplier. Modeled with 30% down at a 6.00% interest rate, in-place income covers debt service at 1.21x and produces a 3.5% cash-on
| Field | Value |
|---|---|
| MLS # | CROC26221659 |
| MLS Source | California Regional MLS |
| Days on Site | 3 |
| Feature | Details |
|---|---|
| Cooling | None |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
Tosh Everett
Salvatore Joseph Provenza Jr
License #: 02212773
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 5 | – | – |
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This listing information is up-to-date as of October 12, 2026. For the most current information, please contact Tosh Everett.