Property Description
ACRE Investment Real Estate Services is pleased to present THE PALMS, a 12-unit multifamily investment opportunity in the highly desirable Linda Vista neighborhood of central San Diego. The property is ideally positioned across from the University of San Diego (USD) and offers exceptional long-term value in a walkable, amenity-rich location.
Originally built in 1962, The Palms underwent a major renovation in 2017, modernizing both interior and exterior features while preserving its mid-century charm. The property sits on a spacious 9,984-square-foot lot and consists of ten (10) one-bedroom, one-bath units and two (2) studio units, totaling approximately 6,550 rentable square feet. Each unit is individually metered for gas and electricity, ensuring cost-efficient operations for ownership.
The Palms is situated in a highly walkable neighborhood, providing residents with easy access to an array of retail, dining, shopping, and recreational options. The property is just steps from USD, which reported 9,041 total enrollments in 2025, making it a highly desirable housing choice for students and faculty.
This is an exceptional opportunity to acquire a fully renovated, stabilized asset with low maintenance and strong rental demand in a premier San Diego location. Significant upside remains for investors through the implementation of a Ratio Utility Billing System (RUBS), allowing for utility cost recovery and increased NOI. Additionally, the property presents immediate income growth potential by adjusting rents to market rates, further enhancing cash flow and return on investment.
