Fourplex With Updated
For Sale
$1,675,000
2127 Front St., San Diego, CA 92101
Four separately metered 1-bedroom units with upgraded dual-pane windows and strong off-street parking.
Property Size2,920 SF
Lot Size0.12 Acres
Price / SF$573.63
Days on Market50
Property Features for 2127 Front St.
General Information
Standard status
Active
Size
2,920 SF
Total Parking Spaces
5
Lot size
0.12 Acres
Property subtype
Investment
Additional Details
Multifamily Units
4
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
(858) 822-9222
Listed By:
Joseph Burrough
(858) 822-9222
Source:
Elliman
Added: Jun 13
Changed: Jul 10
Last Checked: Aug 1 at 11:51AM
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 Joseph Burrough
Investment Insights
Based on property information with market context.
This fourplex offers four 1-bedroom/1-bath units in a building that is essentially two and a half stories tall. Each unit is designed similarly with generous living areas, modest yet functional kitchens, quasi open floor plans, and a roomy bedroom with a large walk-in closet. Units have peek bay/water views from most of the homes and all feature west-facing views. The property includes a gated common entry with dial pad access and on-site commercial laundry equipment for tenant use. Exterior and building improvements include a flat roof and upgraded dual-pane vinyl windows, while the unit interiors appear to have room for a refresher or reset.
The property is located at 2127 Front St. in Bankers Hill, within walking distance (approximately three blocks) of Little Italy. The site is about 5,236 square feet. Parking is described as excellent for the building, with five surface off-street spaces, including one tandem space, plus a large front parking area and a common walkway/bbq area in the rear. Units are separately metered for gas and electricity.
For investors or operators seeking a small residential income asset, the current mix of four similar 1-bedroom homes supports straightforward management and unit-by-unit repositioning through modernization. The existing layout and on-site laundry setup may also appeal to tenants looking for convenience, with potential for additional in-unit laundry options depending on design and permitting.
The property is located at 2127 Front St. in Bankers Hill, within walking distance (approximately three blocks) of Little Italy. The site is about 5,236 square feet. Parking is described as excellent for the building, with five surface off-street spaces, including one tandem space, plus a large front parking area and a common walkway/bbq area in the rear. Units are separately metered for gas and electricity.
For investors or operators seeking a small residential income asset, the current mix of four similar 1-bedroom homes supports straightforward management and unit-by-unit repositioning through modernization. The existing layout and on-site laundry setup may also appeal to tenants looking for convenience, with potential for additional in-unit laundry options depending on design and permitting.
Key Highlights
- Four‑plex built in 1980 in Bankers Hill, offering (4) separately metered 1‑bedroom/1‑bath units (~730 SF each).
- Upgraded dual‑pane vinyl windows and a flat roof; units feature west‑facing views and peek bay/water views from most units.
- Excellent off‑street parking: 5 surface spaces, including one tandem space, plus a front parking area and rear common walkway/BBQ area.
Financial Insights For Multifamily LT 5
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 | $78.8k | $27.00 |
| − Vacancy | −$4.1k | −$1.41 |
| EGI | $74.7k | $25.59 |
| − OpEx | −$22.4k | −$7.68 |
| NOI | $52.3k | $17.91 |
2,920 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$747.2K
$653.8K – $871.8K
NOI $52,307 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$689.5K
$603.3K – $804.4K
NOI $48,262 @ 7.0% cap · market cap 2.88%
Theoretical Best
Specialty Retail
$1.15M
$1.01M – $1.35M
NOI $80,732 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,508
Businesses Nearby
Explore this area
Business Placement
Demographics for 92101, CA
47,505
Population
32,909
Households
1.4
Avg Household Size
39
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
8,797
Density / Sq Mi
$90,477
Median Household Income
$72,371
Median Earnings
$2,351
Median Rent
$740,500
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?
Quadplex - Four separately metered 1-bedroom units with upgraded dual-pane windows and strong off-street parking.
Where is this quadplex located?
The property is located at 2127 Front St. San Diego, CA.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Four‑plex built in 1980 in Bankers Hill, offering (4) separately metered 1‑bedroom/1‑bath units (~730 SF each).; Upgraded dual‑pane vinyl windows and a flat roof; units feature west‑facing views and peek bay/water views from most units.; Excellent off‑street parking: 5 surface spaces, including one tandem space, plus a front parking area and rear common walkway/BBQ area.
