5-Unit Apartment
1014 20 N 47th St, San Diego, CA 92102
For Sale
$1,250,000
Pending
Multifamily property with dedicated garages, owned laundry facilities, and month-to-month tenancy.
Property Size3,345 SF
Days on Market53
Property Features for 1014 20 N 47th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Multifamily Units
Amenities
on-site garages
on-site laundry
Building Details
Building Size
Year Built
Units
Listing Agency:
RAF Investment Services Inc.
Listed By:
Sarita Rivers-Fajardo
(619) 215-6431
Source:
Elliman
Added: Sep 20
Changed: Nov 4
Last Checked: Nov 10 at 7:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RAF Investment Services Inc.
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Investment Insights
Based on property information with market context.
This 5-unit apartment property in San Diego was built in 1961 and includes residential units supported by dedicated on-site garages. The garage spaces provide vehicle parking or storage associated with the property. Owned laundry facilities are also located on site.
All units are leased on a month-to-month basis, providing a flexible existing tenancy structure. The property has access to major San Diego freeways and public transit. Its walkability and transportation profile are reflected in a Walk Score of 79, a Transit Score of 59, and a Bike Score of 46.
All units are leased on a month-to-month basis, providing a flexible existing tenancy structure. The property has access to major San Diego freeways and public transit. Its walkability and transportation profile are reflected in a Walk Score of 79, a Transit Score of 59, and a Bike Score of 46.
Key Highlights
- 5 residential units
- Built in 1961
- All units are leased month to month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,286
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,720
$1.1M
Cap Rate 7%
$789,800
$789.8K
Cap Rate 9%
$614,289
$614.3K
Market Conditions
NOI Build-Up for 3,345 SF
Gross rent
$106.4K $31.80/SF
− Vacancy
−$5.9K −$1.75/SF
EGI
$100.5K $30.05/SF
− OpEx
−$45.2K −$13.52/SF
NOI
$55.3K $16.53/SF
Area
San Diego, CA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,720
Cap Rate 7%
$789,800
Cap Rate 9%
$614,289
Alternative Uses
Best Use
Apartment 5plus
$789.8K
$691.1K – $921.4K
NOI $55,286 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,483 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
724
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
$646,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in San Diego, CA
Properties on Market for Apartment buildings in San Diego
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with dedicated garages, owned laundry facilities, and month-to-month tenancy.
Where is this apartment building located?
The property is located at 1014 20 N 47th St San Diego, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 5 residential units; Built in 1961; All units are leased month to month
