Triplex with Two-Car
New
For Sale
$875,000
4080 4078 Orange Ave, San Diego, CA 92105
Three-unit property offering off-street parking and convenient access to neighborhood shopping, dining, and services.
Property Size2,222 SF
Price / SF$393.79
Days on Market7
Property Features for 4080 4078 Orange Ave
General Information
Standard status
Active
Size
2,222 SF
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1962
Stories
1
Units
3
Listed By:
JoAnne Krause
(619) 993-4777
Source:
Elliman
Added: Sep 9
Last Checked: Sep 14 at 8:22AM
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 JoAnne Krause
Investment Insights
Based on property information with market context.
This triplex contains three units within a 2,222-square-foot property, with total area documented by permit records. The improvements date to 1962 and include a two-car garage in the second building along with additional off-street parking.
The property is located at 4080–4078 Orange Ave in San Diego, near Teralta Park and Copley-Price Family YMCA. Neighborhood markets, restaurants, and shopping are nearby, while University Avenue and El Cajon Boulevard provide access to surrounding commercial areas. Regional connections include I-15, I-805, and CA-94. Walk Score is 93, Bike Score is 59, and Transit Score is 55.
The property is located at 4080–4078 Orange Ave in San Diego, near Teralta Park and Copley-Price Family YMCA. Neighborhood markets, restaurants, and shopping are nearby, while University Avenue and El Cajon Boulevard provide access to surrounding commercial areas. Regional connections include I-15, I-805, and CA-94. Walk Score is 93, Bike Score is 59, and Transit Score is 55.
Key Highlights
- Three‑unit triplex
- 2,222 square feet according to permit records
- Two‑car garage in the second building
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
$45,111
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
5.16%
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%
$902,220
$902.2K
Cap Rate 7%
$644,443
$644.4K
Cap Rate 9%
$501,233
$501.2K
Market Conditions
NOI Build-Up for 2,222 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
$68.0K $30.60/SF
− Vacancy
−$3.5K −$1.60/SF
EGI
$64.4K $29.00/SF
− OpEx
−$19.3K −$8.70/SF
NOI
$45.1K $20.30/SF
Area
ZIP 92105
Vacancy
5.22%
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%
$902,220
Cap Rate 7%
$644,443
Cap Rate 9%
$501,233
Alternative Uses
Best Use
Multifamily LT 5
$644.4K
$563.9K – $751.9K
NOI $45,111 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$593.9K
$519.7K – $692.9K
NOI $41,576 @ 7.0% cap · market cap 4.75%
Theoretical Best
Specialty Retail
$877.6K
$767.9K – $1.02M
NOI $61,434 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,818
Businesses Nearby
Explore this area
Business Placement
Demographics for 92105, CA
66,579
Population
23,862
Households
2.8
Avg Household Size
34
Median Age
21%
College-Educated
71%
High-School Grad
5.8 sq mi
ZIP Area
11,479
Density / Sq Mi
$65,174
Median Household Income
$34,469
Median Earnings
$1,687
Median Rent
$593,800
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?
Triplex - Three-unit property offering off-street parking and convenient access to neighborhood shopping, dining, and services.
Where is this triplex located?
The property is located at 4080 4078 Orange Ave San Diego, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three‑unit triplex; 2,222 square feet according to permit records; Two‑car garage in the second building
