Newer-Construction 11-Unit
For Sale
$4,190,000
4781 Cereza St, San Diego, CA 92102
Newly completed 11-unit community with a mix of one- and two-bedroom apartments on a 10,085 sq. ft. lot.
Property Size8,380 SF
Lot Size0.23 Acres
Price / SF$500
Days on Market18
Property Features for 4781 Cereza St
General Information
Standard status
Active
Size
8,380 SF
Lot size
0.23 Acres
Property subtype
Commercial
Additional Details
Highway Access
Yes
Multifamily Units
11
Building Details
Year Built
2025
Tenancy
Multi
Listing Agency:
Colliers - Los Angeles - La Jolla, California
(858) 945-7094
Listed By:
Aaron Bove · License #01318320
(858) 945-7094
Source:
Elliman
Added: Jul 20
Changed: Jul 22
Last Checked: Aug 5 at 7:58AM
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 Colliers - Los Angeles - La Jolla, California
Investment Insights
Based on property information with market context.
This newer-construction multifamily property contains 11 residential units in a single building, completed between 2023 and 2025. The unit mix includes three one-bedroom/one-bath homes, four two-bedroom/one-bath homes, and four two-bedroom/two-bath homes, all designed as modern residences.
The property is located in San Diego at 4781–4787 Cereza Street and 5024 Imperial Avenue and is described as convenient to public transportation, shopping, schools, and major freeways. WalkScore is listed at 70 (somewhat walkable) and transitScore at 49 (some transit), with BikeScore at 50 (bikeable).
The approximately 8,380-square-foot building is sited on a 10,085-square-foot lot. The public remarks note limited near-term capital requirements.
The property is located in San Diego at 4781–4787 Cereza Street and 5024 Imperial Avenue and is described as convenient to public transportation, shopping, schools, and major freeways. WalkScore is listed at 70 (somewhat walkable) and transitScore at 49 (some transit), with BikeScore at 50 (bikeable).
The approximately 8,380-square-foot building is sited on a 10,085-square-foot lot. The public remarks note limited near-term capital requirements.
Key Highlights
- Newer‑construction 11‑unit multifamily community at 4781–4787 Cereza St and 5024 Imperial Ave, San Diego
- Completed between 2023 and 2025
- Unit mix: 3 one‑bedroom/one‑bath, 4 two‑bedroom/one‑bath, and 4 two‑bedroom/two‑bath units
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 | $266.5k | $31.80 |
| − Vacancy | −$14.7k | −$1.75 |
| EGI | $251.8k | $30.05 |
| − OpEx | −$113.3k | −$13.52 |
| NOI | $138.5k | $16.53 |
8,380 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.98M
$1.73M – $2.31M
NOI $138,505 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,690 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
797
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?
Apartment building - Newly completed 11-unit community with a mix of one- and two-bedroom apartments on a 10,085 sq. ft. lot.
Where is this apartment building located?
The property is located at 4781 Cereza St San Diego, CA.
What is the asking price?
The asking price for this property is $4,190,000.
What are key features of this property?
This property features: Newer‑construction 11‑unit multifamily community at 4781–4787 Cereza St and 5024 Imperial Ave, San Diego; Completed between 2023 and 2025; Unit mix: 3 one‑bedroom/one‑bath, 4 two‑bedroom/one‑bath, and 4 two‑bedroom/two‑bath units
