Renovated Four-Unit
For Sale
Contact for pricing
1120 30th St, San Diego, CA 92102
Victorian-era character meets updated systems and contemporary interiors in a fully leased residential income property.
Property Size2,765 SF
Price / SF$587.70
Days on Market139
Property Features for 1120 30th St
General Information
Standard status
Active
Size
2,765 SF
Property subtype
Multifamily
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
2014
Year Renovated
2014
Buildings
1
Units
4
Construction
Victorian
Listing Agency:
Coldwell Banker Realty
Listed By:
Filly Gaines · License #01466205
Source:
Crexi
Added: Apr 19
Changed: Aug 30
Last Checked: Aug 31 at 5:47PM
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 Realty
Investment Insights
Based on property information with market context.
This four-unit quadplex contains four one-bedroom, one-bath residences within a Victorian-era building. The property was extensively renovated in 2014, including substantial work to the roof, electrical and plumbing systems, windows, meters, water heaters, insulation, and interior and exterior finishes. High ceilings and large windows preserve the building’s historic character while the updated living spaces provide a modern residential setting.
The property is located at 1120 30th St in San Diego, near the Golden Hill and South Park commercial corridors. A Walk Score of 86 reflects access to dining, retail, Balboa Park, Downtown, public transportation, and major freeways. The building is fully leased, with established tenants and professional management already in place.
The property is located at 1120 30th St in San Diego, near the Golden Hill and South Park commercial corridors. A Walk Score of 86 reflects access to dining, retail, Balboa Park, Downtown, public transportation, and major freeways. The building is fully leased, with established tenants and professional management already in place.
Key Highlights
- Four one‑bedroom, one‑bath units
- 2,765 SF quadplex
- Extensive renovation completed in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,531
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$990,620
$990.6K
Cap Rate 7%
$707,586
$707.6K
Cap Rate 9%
$550,344
$550.3K
Market Conditions
NOI Build-Up for 2,765 SF
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.
Gross rent
$74.7K $27.00/SF
− Vacancy
−$3.9K −$1.41/SF
EGI
$70.8K $25.59/SF
− OpEx
−$21.2K −$7.68/SF
NOI
$49.5K $17.91/SF
Area
San Diego, CA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$990,620
Cap Rate 7%
$707,586
Cap Rate 9%
$550,344
Alternative Uses
Best Use
Multifamily LT 5
$707.6K
$619.1K – $825.5K
NOI $49,531 @ 7.0% cap · market cap 3.05%
Second Best
Apartment 5plus
$652.9K
$571.3K – $761.7K
NOI $45,700 @ 7.0% cap · market cap 2.81%
Theoretical Best
Specialty Retail
$1.09M
$955.6K – $1.27M
NOI $76,447 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,106
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?
Quadplex - Victorian-era character meets updated systems and contemporary interiors in a fully leased residential income property.
Where is this quadplex located?
The property is located at 1120 30th St San Diego, CA.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath units; 2,765 SF quadplex; Extensive renovation completed in 2014
