20-Unit Two-Bedroom Apartment
1502 27th Street San Diego, San Diego, CA 92154
San Diego condo-grade complex with 20 two-bedroom, two-bath units, private patios, and dedicated laundry hook-ups plus separate water meters.
Property size:
17,500 SFLot size:
0.71 AcresPrice / SF:
$354/SF- Added:
- Jun 28, 2026
- Days on Market:
- 9
- Last Refresh:
- Jul 1 at 3:43 am
Property Features for 1502 27th Street San Diego
General Information
- Standard status
- Active
- Size
- 17,500 SF
- Lot size
- 0.71 Acres
Listing office (909) 328-1567
Listing date Jun 28, 2026
Source Rmarealty
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 Valerie Strom
HighLights
- 20‑unit condo‑grade apartment complex in San Diego with all units configured as 2 Bed/2 Bath
- Approximately 17,500 SF of structures built in 1985 across 3 two‑story buildings with pitched roofs
- Lot size 30,927 SF (0.71 acres) on a single contiguous parcel with frontage on 25th St and 27th St
- 27 parking spaces total between two parking lots, including an automatic gate on one lot
- Each unit has dedicated laundry hookups with full‑sized washer/dryer and separate water meters
- Recent exterior work: roofs/fascia/siding and new paint (2021), gutters added, and parking lots resurfaced (2024); 300 SF onsite storage
Overview
The Benton Apartments is a condo-grade 20-unit apartment complex built in 1985 on a 30,927-square-foot lot. The property features three separate two-story buildings with pitched roofs, totaling approximately 17,500 square feet of structures. All units are 2 bedroom/2 bathroom and include private patio areas, including some large layouts and one wraparound patio across multiple sides of the unit. One unit is attached to the manager’s office, and one unit features a large family room. Each unit has its own laundry hook-ups with a full-sized washer and dryer, and each unit has separate water meters.
The buildings are on a contiguous parcel with frontage on two streets at 1485-95 25th Street and 1502-30 27th Street. Parking is provided by 27 spaces split between two parking lots, with one lot secured by an automatic gate. The property includes onsite security cameras and an approximately 300-square-foot storage unit. Recent site improvements include new fencing, landscaping, and signage.
Interior and exterior updates include new vinyl plank flooring in half of the units, and two units equipped with mini-split air conditioning. In 2021, the roofs, fascia boards, and some siding were replaced, along with new exterior and trim paint, and new gutters were installed. In 2024, the parking lots were resurfaced. The asset is offered as a turnkey investment for an operator seeking a maintained, primarily residential rental setup.
The buildings are on a contiguous parcel with frontage on two streets at 1485-95 25th Street and 1502-30 27th Street. Parking is provided by 27 spaces split between two parking lots, with one lot secured by an automatic gate. The property includes onsite security cameras and an approximately 300-square-foot storage unit. Recent site improvements include new fencing, landscaping, and signage.
Interior and exterior updates include new vinyl plank flooring in half of the units, and two units equipped with mini-split air conditioning. In 2021, the roofs, fascia boards, and some siding were replaced, along with new exterior and trim paint, and new gutters were installed. In 2024, the parking lots were resurfaced. The asset is offered as a turnkey investment for an operator seeking a maintained, primarily residential rental setup.
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 | $630.0k | $36.00 |
| − Vacancy | −$30.2k | −$1.73 |
| EGI | $599.8k | $34.27 |
| − OpEx | −$269.9k | −$15.42 |
| NOI | $329.9k | $18.85 |
17,500 SF · lease $36.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.71M
$4.12M – $5.50M
NOI $329,868 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.26M
$5.48M – $7.31M
NOI $438,480 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.07585
- Latitude
- 32.569565
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - San Diego condo-grade complex with 20 two-bedroom, two-bath units, private patios, and dedicated laundry hook-ups plus separate water meters.
Where is this apartment building located?
The property is located at 1502 27th Street San Diego San Diego, CA.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: 20‑unit condo‑grade apartment complex in San Diego with all units configured as 2 Bed/2 Bath; Approximately 17,500 SF of structures built in 1985 across 3 two‑story buildings with pitched roofs; Lot size 30,927 SF (0.71 acres) on a single contiguous parcel with frontage on 25th St and 27th St
