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Renovated 13-Unit Apartment Building
New
For Sale
$3,495,000

3544 3548 Del Rey St, San Diego, CA 92109

Updated multifamily property with studio, one-bedroom, and two-bedroom residences plus on-site parking.

Property Size4,294 SF
Days on Market2

Property Features for 3544 3548 Del Rey St

General Information

Standard status Active
Size 4,294 SF
Property subtype Commercial

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 3 x studio, 8 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units 13

Building Details

Building Size 4,294 SF
Year Built 1958
Year Renovated 2022
Units 12
Listed By: Reese Nickell
Source: Elliman
Added: Sep 15 Last Checked: Sep 15 at 2:41PM

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 Reese Nickell

Investment Insights

Based on property information with market context.

This 13-unit apartment property was renovated in 2022 and has been maintained since. The unit mix includes three studios, eight one-bedroom/one-bath units, and two two-bedroom/one-bath units. On-site parking serves the residential building, while the improvements reduce the need for near-term renovation work.

Located at 3544-3548 Del Rey St in San Diego, the property offers access to nearby freeway connections, Mission Bay Golf Course, and the bay shoreline. Walk Score is 69, Bike Score is 61, and Transit Score is 52. The 1958-built asset combines a varied residential configuration with proximity to recreational amenities and established transportation options.

Key Highlights

  • 13‑unit multifamily property with three studios, eight 1‑bed/1‑bath units, and two 2‑bed/1‑bath units
  • Renovated in 2022 and maintained since
  • On‑site parking included

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Daycare Center (Bike/Boat/Book/etc) Store Bakery Plumbing Service Parking Lot & Garage

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

13
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

867
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated multifamily property with studio, one-bedroom, and two-bedroom residences plus on-site parking.
Where is this apartment building located?
The property is located at 3544 3548 Del Rey St San Diego, CA.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 13‑unit multifamily property with three studios, eight 1‑bed/1‑bath units, and two 2‑bed/1‑bath units; Renovated in 2022 and maintained since; On‑site parking included
More about this property
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