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Hello Investors,
Welcome to Dealsletter #65 - This week, we have a MUST-SEE fully vacant 8-unit apartment complex in San Diego, an ideal house hack triplex in Escondido, another new construction house hack in San Diego, and a high-margin flip in Los Angeles.
Let’s dive in! 👇
🚨 Note on Numbers: All calculations for investment properties are based on a 25% down payment and a current interest rate of 6.72%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 6.14%(FHA) interest rate. We do the math so you can focus on what matters – the deals!
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📈 The Stats: Each listing comes with detailed investment metrics like cap rates, GRM, and special financing options where available.
Property #1 – 100% Vacant Multi-Family in San Diego – Rare Opportunity
8-Unit Apartment Building | $2,375,000 ($296,875/Unit) | 6.60% Cap Rate
Investment Highlights
100% Vacant – Ready for Immediate Renovation
Prime Value-Add Opportunity
Spacious One and Two-Bedroom Units
Centrally Located Near University Ave & El Cajon Blvd
Two Double-Car Garages with ADU Potential
Offers Due by March 17th
Why This Is a Great Investment
This fully vacant 8-unit apartment complex presents a rare opportunity to implement a full renovation and secure premium rents. Located in Cherokee Point, one of San Diego’s most rapidly appreciating neighborhoods, this property benefits from high walkability (Walk Score: 87) and proximity to major freeways. The vacant status means investors can immediately renovate and reposition the property for maximum cash flow. With the potential to convert garages into ADUs, the upside here is significant.
The Stats (25% Down) 📝
Purchase Price: $2,375,000
Cap Rate: 6.7%
Gross Rent: $19,300/month
Vacancy (10%): -$1,930/month
Operating Expenses: -$4,202
Taxes: $2,054
Insurance: $218
Maintenance: $965/month
Capital Expenditures: $965/month
NOI: $13,168/month
Cash Flow: Moderate
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House Hack Investment in Escondido, CA
3-Unit Apartment Building | $1,395,000 | 3.38% Cap Rate
Investment Highlights
Prime Escondido Location with a Strong Rental Market
(2) 3Bed/2Bath Townhomes + (1) Detached 2Bed/1Bath House
Recent Upgrades Include Roof, Siding, Electrical & Plumbing
On-Site Parking: 3 Garages + 3 Additional Spaces
ADU Potential & 42% Upside in Rents
Why This Is a Great Investment
This well-maintained triplex in Escondido is ideal for both investors and owner-occupants. With in-unit laundry, ample parking, and recent renovations, this property offers a strong foundation for growth. The potential to add an ADU to increase rents makes this a prime value-add opportunity. Escondido’s rising rental demand ensures long-term appreciation and steady income.
The Stats (5% Down FHA, Living in one of the units) 📝
Purchase Price: $1,395,000
Gross Rent: $6,800/mo
Operating Expenses: $1,825/mo
Taxes: $1,360/mo
Insurance: $465/mo
NOI: $4,975/mo
Loan Payments: $8,048/mo
Effective Mortgage: $3,073/mo
House Hack Investment in San Diego, CA
3-Unit Apartment Building | $1,499,000
Investment Highlights
Brand-New, Fully Permitted 3-Unit Property
Two 2Bed/2.5Bath ADUs + One 2Bed/1Bath House
High-End Finishes & Modern Design
Ideal for House Hacking or Long-Term Rental
Projected Rent: $6,200/month
Why This Is a Great Investment
This newly constructed three-unit property is a turnkey investment with strong rental demand. The modern design, private outdoor spaces, and in-unit laundry make it highly attractive to tenants. Whether you choose to live in one unit and rent the others or lease all three, this property guarantees strong cash flow and appreciation.
The Stats(5% Down FHA, Living in one of the units) 📝
Purchase Price: $1,499,000
Gross Rent: $6,200/mo
Operating Expenses: $1,895/mo
Taxes: $1,462/mo
Insurance: $433/mo
NOI: $4,305/mo
Loan Payments: $8,648/mo
Effective Mortgage: $4,343/mo
House Flip Opportunity in Los Angeles, CA
Single-Family Residence | $500,000
Investment Highlights
Fixer-Upper with Strong ARV Potential
Low to Mid-Range Cosmetic Repairs Needed
Growing Market with Strong Buyer Demand
Why This Is a Great Investment
This Los Angeles fixer-upper presents a great flip opportunity for investors looking to add value with minimal capital expenditure repairs. With strong comparable sales and increasing demand, this property is positioned for significant appreciation post-renovation.
The Stats(10% down Hard Money Loan) 📝
Purchase Price: $500,000
Estimated Rehab Costs: $71,500
Low to mid-range cosmetic repairs
Additional buffer for potential capital expenditure repairs
After Repair Value (ARV): $697,000
Holding Time: 3 months
Holding Costs: $14,494
Total Profit: $64,641
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The Dealsletter Team
Disclaimer: The content provided through Dealsletter, including investment metrics, property analysis, and rewards materials, is for informational and educational purposes only. It does not constitute financial, legal, or investment advice. Always conduct your own due diligence or consult a licensed professional before making any investment decisions. Dealsletter assumes no responsibility for any financial outcomes resulting from actions taken based on the information provided.