13 Richard St San Diego, CA 92115

Building Details

Year Built

2026

Listing Agency BRIDGEPOINT REALTY INC. b***@bridgepointmultifamily.com Show Phone

Listed by Alexio Barbara · License #01992393 Show Phone

Source Elliman

Added: May 20 Checked: Jul 16 at 6:38 am

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Investment Insights

Based on property information with market context.

This turn-key, four-unit property is offered at a 5.9% CAP rate with management in place. Located near SDSU, the property consists of one 5-bedroom/3-bathroom unit, two 4-bedroom/2-bathroom units, and one 3-bedroom/2-bathroom unit. In total, there are 16 beds and 9 baths within the 4,410 square feet of living space. The current management effectively negotiates high rental lease rates and can continue managing the property. This new construction property is expected to generate $20,200 per month starting August 2026, rented on a year lease to students. Vacancy averages less than 2% due to 12-month leases with early renewals. The bike score is 26, indicating it is somewhat bikeable. The walk score is 31, indicating car-dependent surroundings, and the transit score is 36, indicating some transit options are available.

Key Highlights

• Turn‑key 4‑unit SDSU student rental property with existing management
• High occupancy rate with less than 2% vacancy due to 12‑month leases and early renewals
• Projected to generate $20,200/month starting August 2026

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FAQs

What type of property is this?

Quadplex - Four-unit property near SDSU, generating $20,200/month starting August 2026.

Where is this quadplex located?

The property is located at 13 Richard St San Diego, CA.

What is the asking price?

The asking price for this property is $2,995,000.

What are key features of this property?

This property features: Turn‑key 4‑unit SDSU student rental property with existing management; High occupancy rate with less than 2% vacancy due to 12‑month leases and early renewals; Projected to generate $20,200/month starting August 2026