New Construction 12-Unit Apartment
For Sale
$5,475,000
2036-58 N Highland Ave, San Diego, CA 92113
Multi-parcel property with townhome-style layouts, off-street parking, and select private decks and patios.
Property Size9,748 SF
Price / SF$561.65
Days on Market93
Property Features for 2036-58 N Highland Ave
General Information
Standard status
Active
Size
9,748 SF
Property subtype
Multi-Family
Units
Unit Mix
9 x 2BR/2.5BA, 3 x 1BR
Multifamily Units
12
Amenities
AC minisplits
decks and patios
Listing Agency:
The Browar Group
Listed By:
Florian P Sighe florian@thebrowargroup.com
(951) 226-5454
Source:
Findahomenorthcountysandiego
Added: Jul 19
Changed: Oct 1
Last Checked: Oct 16 at 9:35AM
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 The Browar Group
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Investment Insights
Based on property information with market context.
Completed as new construction, this 12-unit apartment property is arranged across four parcels in south San Diego. The offering includes nine two-bedroom, two-and-a-half-bath townhome-style residences alongside three one-bedroom units, creating a defined mix within the property. Interior features include AC mini-split systems serving every living room and bedroom.
Off-street parking is provided across the parcels, with garages included on each parcel. Certain residences also offer substantial decks and patios. The property is located at 2036-58 N Highland Ave in San Diego, California.
Off-street parking is provided across the parcels, with garages included on each parcel. Certain residences also offer substantial decks and patios. The property is located at 2036-58 N Highland Ave in San Diego, California.
Key Highlights
- New construction 12‑unit apartment property across 4 parcels
- Unit mix includes 9 2BR 2.5BA townhome‑style units and 3 1BR units
- AC mini‑splits installed in all living rooms and bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,115
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,222,300
$3.2M
Cap Rate 7%
$2,301,643
$2.3M
Cap Rate 9%
$1,790,167
$1.8M
Market Conditions
NOI Build-Up for 9,748 SF
Gross rent
$310.0K $31.80/SF
− Vacancy
−$17.0K −$1.75/SF
EGI
$292.9K $30.05/SF
− OpEx
−$131.8K −$13.52/SF
NOI
$161.1K $16.53/SF
Area
San Diego, CA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,222,300
Cap Rate 7%
$2,301,643
Cap Rate 9%
$1,790,167
Alternative Uses
Best Use
Apartment 5plus
$2.30M
$2.01M – $2.69M
NOI $161,115 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.85M
$3.37M – $4.49M
NOI $269,513 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Explore this area
Business Placement
Demographics for 92113, CA
50,457
Population
14,443
Households
3.5
Avg Household Size
32
Median Age
11%
College-Educated
69%
High-School Grad
4.5 sq mi
ZIP Area
11,213
Density / Sq Mi
$59,177
Median Household Income
$31,099
Median Earnings
$1,608
Median Rent
$559,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multi-parcel property with townhome-style layouts, off-street parking, and select private decks and patios.
Where is this apartment building located?
The property is located at 2036-58 N Highland Ave San Diego, CA.
What is the asking price?
The asking price for this property is $5,475,000.
What are key features of this property?
This property features: New construction 12‑unit apartment property across 4 parcels; Unit mix includes 9 2BR 2.5BA townhome‑style units and 3 1BR units; AC mini‑splits installed in all living rooms and bedrooms
