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Coastal 9-Unit Multifamily Property
For Sale
Contact for pricing
Pending

3976 Morrell St, San Diego, CA 92109

Nine-unit rental complex with one 1-bedroom unit and eight studio units on a 5,526 sf lot.

Property SizeContact for details
Lot Size0.13 Acres
Days on Market123

Property Features for 3976 Morrell St

General Information

Standard status Pending
Lot size 0.13 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 9
Listing Agency: Apartment Realty Group Inc
Listed By: James Carter · License #CA 01352336
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Aug 11 at 10:38AM

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 Apartment Realty Group Inc

Investment Insights

Based on property information with market context.

The property is a coastal 9-unit multifamily complex with a total mix of one 1-bedroom/1-bath unit and eight studio units. The units are configured as (1) 1Bedroom/1Bathroom and (8) studio apartments.

The building is located on a 5,526 sf lot directly across the street from Mission Bay in the Crown Point area of Pacific Beach.

For purchase, there is an optional assumable loan described as a 3.18% fixed rate for three more years, with a stated loan balance of approximately $960K. Contact the listing agent for details regarding assumption terms.

Key Highlights

  • 9‑unit rental complex in Crown Point, Pacific Beach
  • Unit mix: 1 x 1‑bed/1‑bath and 8 x studio units
  • Located directly across the street from Mission Bay

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center HVAC Service Catering Service Daycare Center Plumbing Service

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

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

1,151
Businesses Nearby

Demographics for 92109, CA

44,671
Population
26,503
Households
1.7
Avg Household Size
35
Median Age
70%
College-Educated
97%
High-School Grad
7.6 sq mi
ZIP Area
5,878
Density / Sq Mi
$118,300
Median Household Income
$71,054
Median Earnings
$2,362
Median Rent
$1,136,000
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?
Apartment building - Nine-unit rental complex with one 1-bedroom unit and eight studio units on a 5,526 sf lot.
Where is this apartment building located?
The property is located at 3976 Morrell St San Diego, CA.
What are key features of this property?
This property features: 9‑unit rental complex in Crown Point, Pacific Beach; Unit mix: 1 x 1‑bed/1‑bath and 8 x studio units; Located directly across the street from Mission Bay
(858) 837-1456 Call to check price and availability
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