Back 3346 Lockwood Drive
Off Market

3346 Lockwood Drive

San Diego CA 92123

8
6
3353 sq. ft.
6000 sq. ft.
Other
Last sold for $2,450,000
Carson TrujilloCarson Trujillo, last sold this property on 24 April 2026 after 174 days on market.

Overview

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.

Features

8 bedrooms
6 bathrooms
3353 sq. ft. floor area
6000 sq. ft. lot size
Other

Estimated Value

We need at least 3 similar 8 bedroom other properties sold in San Diego over the last 12 months.

Property history for 3346 Lockwood Drive

2026
Sold
$2,450,000
24 Apr 2026 by Carson Trujillo, of Whitewater CRE Inc
2023
Sold
$650,000
08 Feb 2023 by James Renfro, of Coldwell Banker Realty

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