Renovated Duplex with Updated
For Sale
Contact for pricing
1749-51 Dahlia, San Diego, CA 92154
Two renovated residences each with four bedrooms and three-and-a-half baths, near Imperial Beach.
Property Size4,000 SF
Price / SF$420
Days on Market554
Property Features for 1749-51 Dahlia
General Information
Standard status
Active
Size
4,000 SF
Class
B
Property subtype
Multifamily
Zoning
R-2:MINOR
Investment Type
Value Add
Net Operating Income
$80,185
Additional Details
Multifamily Units
2
Building Details
Year Built
2009
Year Renovated
2024
Buildings
1
Stories
2
Units
2
Listing Agency:
Compass
Listed By:
Yolanda B Deriquer · License #01504239
Source:
Crexi
Added: Mar 4, 2025
Changed: Sep 8
Last Checked: Sep 9 at 6:20AM
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 Compass
Investment Insights
Based on property information with market context.
This renovated duplex consists of two residences, each spanning approximately 2,000 square feet and offering four bedrooms and three-and-a-half bathrooms. Updates include quartz countertops, updated kitchens and bathrooms, and refreshed finishes throughout.
The property is located next to Imperial Beach and is only a few blocks from the coastline, placing it within minutes of the coast in a redeveloping area.
Offered for sale as a duplex, the configuration provides two separate homes within one property, each with substantial bedroom and bathroom capacity for flexible living arrangements.
The property is located next to Imperial Beach and is only a few blocks from the coastline, placing it within minutes of the coast in a redeveloping area.
Offered for sale as a duplex, the configuration provides two separate homes within one property, each with substantial bedroom and bathroom capacity for flexible living arrangements.
Key Highlights
- Two renovated residences on one lot, each with 4 bedrooms and 3.5 bathrooms
- Each residence features approximately 2,000 sq ft of living space
- Renovations include quartz countertops and updated kitchens and bathrooms
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
$81,225
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
4.83%
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%
$1,624,500
$1.6M
Cap Rate 7%
$1,160,357
$1.2M
Cap Rate 9%
$902,500
$902.5K
Market Conditions
NOI Build-Up for 4,000 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
$122.4K $30.60/SF
− Vacancy
−$6.4K −$1.59/SF
EGI
$116.0K $29.01/SF
− OpEx
−$34.8K −$8.70/SF
NOI
$81.2K $20.31/SF
Area
ZIP 92154
Vacancy
5.20%
Lease Rate
$30.60 /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%
$1,624,500
Cap Rate 7%
$1,160,357
Cap Rate 9%
$902,500
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.35M
NOI $81,225 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$1.08M
$942.5K – $1.26M
NOI $75,398 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,224 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
Demographics for 92154, CA
84,027
Population
23,832
Households
3.5
Avg Household Size
36
Median Age
21%
College-Educated
80%
High-School Grad
51.3 sq mi
ZIP Area
1,638
Density / Sq Mi
$90,035
Median Household Income
$42,333
Median Earnings
$2,143
Median Rent
$606,400
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?
Duplex - Two renovated residences each with four bedrooms and three-and-a-half baths, near Imperial Beach.
Where is this duplex located?
The property is located at 1749-51 Dahlia San Diego, CA.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Two renovated residences on one lot, each with 4 bedrooms and 3.5 bathrooms; Each residence features approximately 2,000 sq ft of living space; Renovations include quartz countertops and updated kitchens and bathrooms
