Historic 10-Unit Apartment
1732 Fifth Avenue San Diego, CA 92101
1732 Fifth Avenue, San Diego, CA, 92101
$2,490,000
For Sale
$2,490,000
1938-built 10-unit apartment community with a gated courtyard, on-site laundry, and studio plus 1BR/1BA units.
Property Size4,624 SF
Price / SF$538.49
Days on Market72
Property Features for 1732 Fifth Avenue
General Information
- Standard status
- Active
- Size
- 4,624 SF
- Property subtype
- Commercial-Res Income / Com-Res Income
Listing agency
Conor Brennan, Broker
(720) 841-8139
Listed by
Conor M Brennan · License #01918598
(720) 841-8139
Source
Compass
Added: May 12 Updated: Jul 21 at 7:04AM Checked: Jul 21 at 7:04AM
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 Conor Brennan, Broker
Investment Insights
Based on property information with market context.
Built in 1938, this 10-unit apartment community includes eight studio units and two one-bedroom/one-bath units. Many units retain original features such as hardwood flooring, full kitchens with gas ranges, built-in cabinetry, and ample storage.
Residents enjoy a gated courtyard setting and on-site laundry facilities. The property has also recently undergone roof replacement down to the plywood, supporting reduced near-term maintenance. Located in Downtown San Diego along 5th Avenue, the community is positioned for walkability to restaurants, retail, coffee shops, and entertainment, with close proximity to Hillcrest, Bankers Hill, and the Gaslamp Quarter.
Residents enjoy a gated courtyard setting and on-site laundry facilities. The property has also recently undergone roof replacement down to the plywood, supporting reduced near-term maintenance. Located in Downtown San Diego along 5th Avenue, the community is positioned for walkability to restaurants, retail, coffee shops, and entertainment, with close proximity to Hillcrest, Bankers Hill, and the Gaslamp Quarter.
Key Highlights
- 10‑unit apartment community built in 1938 in downtown San Diego (1 building, 3 stories)
- Unit mix: eight studio units plus two 1‑bedroom/1‑bath units
- Gated courtyard setting plus on‑site laundry facilities for residents
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.0k | $31.80 |
| − Vacancy | −$8.1k | −$1.75 |
| EGI | $139.0k | $30.05 |
| − OpEx | −$62.5k | −$13.52 |
| NOI | $76.4k | $16.53 |
4,624 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$955.3K – $1.27M
NOI $76,426 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.83M
$1.60M – $2.13M
NOI $127,844 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 1938-built 10-unit apartment community with a gated courtyard, on-site laundry, and studio plus 1BR/1BA units.
Where is this apartment building located?
The property is located at 1732 Fifth Avenue San Diego, CA.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: 10‑unit apartment community built in 1938 in downtown San Diego (1 building, 3 stories); Unit mix: eight studio units plus two 1‑bedroom/1‑bath units; Gated courtyard setting plus on‑site laundry facilities for residents
