3346 Lockwood Dr, San Diego, CA 92123
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
3346 Lockwood Dr,San Diego, CA 92123
$2,645,000
- - Beds
- - Baths
- 3,353 sq. ft.
- Multi-family
- Active
Listed by: carson p trujillo
Office: whitewater cre inc
MLS#:250042938
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,645,000
- Price per sq. ft.:$788.85
About this home
Proud to present Serra Vista, a newly constructed and fully renovated six-unit multifamily offering located at 3346 Lockwood Drive in the vibrant Serra Mesa neighborhood of San Diego. This boutique asset consists of a fully renovated 3-bedroom /2-bath front house (originally built in 1960) with an attached 1-bedroom / 1-bath unit, along with four newly constructed detached 1-bedroom / 1-bath units completed in 2025. Each unit features modern interior finishes, private fenced outdoor space, in-unit laundry, and energy-efficient systems. The property is fully leased and offers investors a stabilized, low-maintenance asset with long-term upside. The four brand new units are exempt from California’s AB 1482 rent control regulations for 15 years, providing excellent flexibility for future rent increases. With all major systems newly installed, solar-powered electric offset, and contemporary design throughout, Serra Vista represents a truly turnkey opportunity in a high-demand central San Diego submarket. Unlike most apartment inventory in San Diego, which often consists of aging 1960s-70s construction, Serra Vista stands out as a rare newer-construction offering. Investors benefit from modern infrastructure and design, reduced insurance premiums, and minimal ongoing maintenance. There are no looming code upgrades, plumbing or electrical issues, or legacy tenant challenges common with older rent-controlled buildings. This is a true “set-it-and-forget-it” asset, ideal for investors seeking peace of mind and future-proof returns.
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Home facts
- Listing ID #:250042938
- Added:15 day(s) ago
- Updated:November 15, 2025 at 04:58 PM
Rooms and interior
- Living area:3,353 sq. ft.
Structure and exterior
- Building area:3,353 sq. ft.
Finances and disclosures
- Price:$2,645,000
- Price per sq. ft.:$788.85
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