Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4377 Rialto St, Unit 449-867-01-00 San Diego, CA 92107

    Sponsored
    For Sale
    Pending
    $2,500,000

    COMMERCIAL - San Diego, CA

    Days on Market:
    591
    Last Refresh:
    Feb 7 at 5:06 am

    Property Features for 4377 Rialto St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    RM 2-5
    APN
    449-867-01-00

    We can help!

    Listing Contact
    Andrew T Greer

    Real Broker (619) 248-6434

    Listing agent Andrew T Greer (855) 450-0442 License #01935052

    Listing date Jun 27, 2024

    MLS# 240014065 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Shovel Ready Coastal Opportunity

    This shovel-ready development opportunity is centrally located near the coast, minutes from the beach and the upcoming Midway developments. The property is designed as a 16-unit complex, offering a mix of unit types to appeal to investors and renters. The unit mix includes six 1-bedroom, 1-bath units, two 2-bedroom, 1-bath units, and eight studio visitor accommodation units. The eight studio units are currently zoned to allow short-term rentals, providing a flexible investment strategy that also permits long-term rentals. All plans and required fees are available for review. Seller financing is available with appropriate terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.230972
    Latitude
    32.751996

    Nearby Similar for Sale

    • New
      $2,480,000
      2,162 SF

      Coastal Duplex with Three-Car Garage

      Rare bayside duplex in South Mission Beach with three-car garage.
      829-31 Avalon Ct, San Diego, CA 92109
      View Details
    • $1,798,999
      1,994 SF

      Renovated Luxury Home with ADU

      Fully renovated home with canyon views and income potential.
      3109 Hawk St, San Diego, CA 92103
      View Details
    • $2,035,000

      San Diego Triplex with Rental Income

      Triplex in San Diego with potential for rental income.
      1028-30 Lincoln Ave, San Diego, CA 92103
      View Details
    • $9,995,000
      3,944 SF

      La Jolla Income Property

      Trophy asset in prime La Jolla location with ocean views.
      1303 Cave St, La Jolla, CA 92037
      View Details
    • $6,250,000
      7,370 SF

      Vintage Apartments in Kensington Heights

      Unique 11-unit apartment community with value-add potential in San Diego.
      5050 Marlborough Dr -70, San Diego, CA 92116
      View Details
    • $1,340,000
      Pending

      Two Detached Homes on Lot

      Two detached homes on a large lot in San Diego.
      6352 Holabird St, San Diego, CA 92120
      View Details
    • $1,379,000
      2,190 SF

      San Diego Multifamily with ADU

      Newly constructed home with ADU, ideal for rental income.
      3653 Wilson Ave, San Diego, CA 92104
      View Details
    • New
      $2,495,000
      3,000 SF

      Point Loma Duplex with ADU

      Modern duplex in Point Loma with water and city views.
      3241 Ingelow St, San Diego, CA 92106
      View Details
    • $1,750,000
      1,780 SF

      North Park Cottages For Sale

      Charming cottages in North Park, development potential.
      4051-53 32Nd St, San Diego, CA 92104
      View Details
    • New
      $2,690,000
      0.13 Acres

      Pacific Beach Four-Unit Multifamily Property

      Four units in Pacific Beach with garages and laundry income.
      1956 Pacific Beach Dr, San Diego, CA 92109
      View Details
    • New
      $2,195,000

      Ocean Beach Duplex Near Beach

      Duplex near the beach, ideal for rental income or occupancy.
      4614-4616 Larkspur St, San Diego, CA 92107
      View Details
    • New
      $1,250,000
      2,048 SF

      Turnkey San Diego Triplex Investment

      Remodeled triplex in San Diego, ideal for investors or house hackers.
      6979-81 Amherst St, San Diego, CA 92115
      View Details

    FAQs

    What type of property is this?
    Apartment building - 16-unit complex near the beach with short-term rental potential.
    Where is this apartment building located?
    The property is located at 4377 Rialto St, Unit 449-867-01-00 San Diego, CA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Shovel-ready 16-unit complex, ideal for immediate development.; - Zoned for short-term rentals (8 studio units), offering flexible income potential.; - Centrally located near the beach and new Midway developments.
    (858) 703-7361
    Request Owner's contact information
    4377 Rialto St, Unit 449-867-01-00 San Diego, CA 92107
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4377 Rialto St, Unit 449-867-01-00
    San Diego, CA 92107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4377 Rialto St, Unit 449-867-01-00 San Diego, CA 92107
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andrew T Greer
    Real Estate License ID: 01935052
    (858) 703-7361
    Learn more
    Google sign-in failed. Please try again or use another login method.