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Two-Bedroom Apartment Building
For Sale
$2,899,000

4518 24 Kansas St, San Diego, CA 92116

Apartment building with all 2 bed/1 bath units and completed exterior and systems improvements for day-to-day tenant appeal.

Days on Market58

Property Features for 4518 24 Kansas St

General Information

Standard status Active
Property subtype Investment

Building Details

Year Built 1957
Listing Agency: Starker West, Inc
Listed By: Seth Watje · License #01948040
Source: Elliman
Added: Jun 4 Changed: Jul 10 Last Checked: Jul 30 at 6:16AM

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 Starker West, Inc

Investment Insights

Based on property information with market context.

This multifamily residential income property consists entirely of 2-bedroom, 1-bath units. Recent work includes select interior upgrades, along with substantial exterior and systems improvements completed by ownership. Exterior landscaping has been refreshed, new exterior paint and lighting have been added, and updated windows are in place. Additional property work includes sewer line improvements and refinished deck surfaces with upgraded handrails.

The building features a courtyard that has been enhanced with a decorative water feature. Electrical subpanels have been replaced, and the roof is described as serviceable. Off-street parking is included, supporting tenant convenience.

With a uniform unit mix of all 2 bed/1 bath layouts, the property may fit operators seeking a consistent floorplan to manage and market. The combination of already-completed exterior and systems updates, plus select interior improvements, establishes a practical baseline for continued renovation planning and ongoing unit turnover. Off-street parking, decks, and a maintained common courtyard contribute to tenant livability in day-to-day use.

Key Highlights

  • 1957‑built apartment building with all units configured as 2 bed / 1 bath
  • Completed exterior improvements include refreshed landscaping, new exterior paint, and new lighting
  • System and exterior updates include updated windows and sewer line improvements

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store Tanning Salon Restaurant Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,115
Businesses Nearby

Demographics for 92116, CA

31,523
Population
17,827
Households
1.8
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
9,271
Density / Sq Mi
$95,775
Median Household Income
$63,420
Median Earnings
$1,903
Median Rent
$898,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Apartment building with all 2 bed/1 bath units and completed exterior and systems improvements for day-to-day tenant appeal.
Where is this multifamily property located?
The property is located at 4518 24 Kansas St San Diego, CA.
What is the asking price?
The asking price for this property is $2,899,000.
What are key features of this property?
This property features: 1957‑built apartment building with all units configured as 2 bed / 1 bath; Completed exterior improvements include refreshed landscaping, new exterior paint, and new lighting; System and exterior updates include updated windows and sewer line improvements
More about this property
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