Golden Hill Multifamily Value-Add
For Sale
$3,250,000
2934 F Street, San Diego, CA 92102
MULTI_FAMILY - San Diego, CA
Property Size6,245 SF
Lot Size0.16 Acres
Price / SF$520.42
Days on Market31
Property Features for 2934 F Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-2-5
Bedrooms
13
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 8, Bathroom 6, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 11, Bathroom 8, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 10, Bedroom 7, Bathroom 5, Bathroom 7, Bedroom 13, Bedroom 6, Bedroom 9, Bedroom 12, Bedroom 2, Bathroom 3
Parking
6
Parking features
Garage
Directions
30th St south to F St sign at alley entrance which leads to rear of building.
Subdivision
SAN DIEGO (92102)
Standard status
Active
APN
539-592-15
Size
6,245 SF
Lot size
0.16 Acres
Utilities
Cooling system
Wall/Window Unit(s)
Building Details
Floors in Building
2
Number of units
8
Flooring type
Carpet - Full, Vinyl
Roof type
Composition
Listing Agency:
Pacific R.E.Services, Inc
(619) 284-1070
Listed By:
Jeff Horvitz · License #01318867
(619) 823-1335
Added: Jul 6
Changed: Jul 15
Last Checked: Aug 5 at 10:06AM
MLS# 250041832
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property is located in the Golden Hill neighborhood of San Diego, California. The property contains eight units and is situated minutes from Downtown, Balboa Park, South Park, and North Park. The property is 100% occupied with tenants on month-to-month leases. The unit mix includes three 2-bedroom, 1-bathroom units; two 2-bedroom, 1.5-bathroom units; and three 1-bedroom, 1-bathroom units. The lot size is 0.1607 acres. The property size is 6,245 square feet. The zoning is RM-2-5. The seller will accommodate a 1031 Exchange.
Key Highlights
- 8‑unit multifamily with a value‑add layout: 3 units (2BR/1BA), 2 units (2BR/1.5BA), and 3 units (1BR/1BA).
- 100% occupied with tenants on month‑to‑month leases.
- Wall/window unit cooling throughout.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $198.6k | $31.80 |
| − Vacancy | −$10.9k | −$1.75 |
| EGI | $187.7k | $30.05 |
| − OpEx | −$84.5k | −$13.52 |
| NOI | $103.2k | $16.53 |
6,245 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $103,218 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.47M
$2.16M – $2.88M
NOI $172,662 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,433
Businesses Nearby
Explore this area
Business Placement
Demographics for 92102, CA
39,783
Population
15,622
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
80%
High-School Grad
4.5 sq mi
ZIP Area
8,841
Density / Sq Mi
$71,319
Median Household Income
$40,142
Median Earnings
$1,855
Median Rent
$646,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit multifamily property in San Diego's Golden Hill neighborhood.
Where is this apartment building located?
The property is located at 2934 F Street San Diego, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 8‑unit multifamily with a value‑add layout: 3 units (2BR/1BA), 2 units (2BR/1.5BA), and 3 units (1BR/1BA).; 100% occupied with tenants on month‑to‑month leases.; Wall/window unit cooling throughout.
