Four-Unit Property with Expansion
4103 5 C St San Diego, CA 92102
For Sale
$1,295,000
Four units with plans for two additional units in San Diego.
Property Size3,118 SF
Lot Size0.13 Acres
Price / SF$415.33
Days on Market69
Property Features for 4103 5 C St
General Information
- Standard status
- Active
- Size
- 3,118 SF
- Lot size
- 0.13 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1951
Listing Agency:
NorthMarq - San Diego
(415) 250-4947
Listed By:
Benn Vogelsang · License #DRE01883437
(415) 250-4947
Source:
Elliman
Added: May 19
Changed: Jul 10
Last Checked: Jul 26 at 12:35PM
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 NorthMarq - San Diego
Investment Insights
Based on property information with market context.
Located in the Mount Hope neighborhood of San Diego, the property at 4103-5 C Street features four units with plans for two additional two-bedroom units. Constructed around 1951, the multiple structures total 3,118 square feet on a 5,871 square foot lot. The front, two-story structure includes a second-level three-bedroom, one-bathroom unit above a two-bedroom, one-bathroom ADU unit and a one-bedroom, one-bathroom unit. Additionally, there is a three-bedroom, one-bathroom house with frontage on 41st Street, as well as a pad in the rear designated for the construction of the two additional two-bedroom ADUs. Upon completion of the ADU construction, there will be 5+ parking spaces, including tandem spots. The property features brick and stucco construction, a composition roof, utility hookups, and city views from select areas. Situated on a corner lot, the property also benefits from alley access.
Key Highlights
- Plans for two additional 2‑bedroom ADUs, increasing unit count and potential income.
- Four existing units provide immediate rental income.
- Located on a corner lot with alley access.
Financial Insights For Multifamily LT 5
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 | $84.2k | $27.00 |
| − Vacancy | −$4.4k | −$1.41 |
| EGI | $79.8k | $25.59 |
| − OpEx | −$23.9k | −$7.68 |
| NOI | $55.9k | $17.91 |
3,118 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$797.9K
$698.2K – $930.9K
NOI $55,854 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$736.2K
$644.2K – $858.9K
NOI $51,534 @ 7.0% cap · market cap 3.98%
Theoretical Best
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,206 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four units with plans for two additional units in San Diego.
Where is this quadplex located?
The property is located at 4103 5 C St San Diego, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Plans for two additional 2‑bedroom ADUs, increasing unit count and potential income.; Four existing units provide immediate rental income.; Located on a corner lot with alley access.
