Townhome-Style Multifamily
1054-1058 Outer Road San Diego, CA 92154
1054-1058 Outer Road, San Diego, CA, 92154
$4,900,000
For Sale
$4,900,000
Remodeled 14-unit townhome community with fenced private yards and off-street parking for lower-maintenance tenant living.
Property Size12,064 SF
Price / SF$406.17
Days on Market80
Property Features for 1054-1058 Outer Road
General Information
- Standard status
- Active
- Size
- 12,064 SF
- Property subtype
- Commercial-Res Income / Com-Res Income
Listing agency
Coldwell Banker West
(619) 670-6663
Listed by
Jim Carmichael · License #00675443
(619) 670-6663
Source
Compass
Added: May 4 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 8:13AM
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 Coldwell Banker West
Investment Insights
Based on property information with market context.
This is a 14-townhome multifamily property configured as two buildings. Each unit is a 2-bedroom, 1.5-bath layout with indoor laundry and private, fenced yard areas, with some homes offering both front and back yard space. The property was remodeled approximately in 2013 “down to the studs,” reflecting substantial interior renovation throughout. Parking includes 20 off-street spaces plus additional on-street parking.
The community is positioned near the 5 freeway, with access to both local amenities and coastal destinations. Public remarks also note proximity to the beach and Mexico, supporting a broader range of tenant and resident day-to-day needs.
For buyers and operators, this offering provides an established townhome-style rental configuration with practical in-unit features such as indoor laundry and the privacy of fenced yards. The combination of off-street and on-street parking supports tenant convenience, while the extensive 2013 remodel helps reduce immediate capital concerns relative to properties that have not been similarly updated.
The community is positioned near the 5 freeway, with access to both local amenities and coastal destinations. Public remarks also note proximity to the beach and Mexico, supporting a broader range of tenant and resident day-to-day needs.
For buyers and operators, this offering provides an established townhome-style rental configuration with practical in-unit features such as indoor laundry and the privacy of fenced yards. The combination of off-street and on-street parking supports tenant convenience, while the extensive 2013 remodel helps reduce immediate capital concerns relative to properties that have not been similarly updated.
Key Highlights
- 14‑townhome unit community with 2 bedrooms and 1.5 baths per unit
- Remodeled down to the studs around 2013
- Private fenced yards available for some units, with front and back yard options
Local 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 | $434.3k | $36.00 |
| − Vacancy | −$20.8k | −$1.73 |
| EGI | $413.5k | $34.27 |
| − OpEx | −$186.1k | −$15.42 |
| NOI | $227.4k | $18.85 |
12,064 SF · lease $36.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.25M
$2.84M – $3.79M
NOI $227,402 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.32M
$3.78M – $5.04M
NOI $302,276 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Remodeled 14-unit townhome community with fenced private yards and off-street parking for lower-maintenance tenant living.
Where is this apartment building located?
The property is located at 1054-1058 Outer Road San Diego, CA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 14‑townhome unit community with 2 bedrooms and 1.5 baths per unit; Remodeled down to the studs around 2013; Private fenced yards available for some units, with front and back yard options
