4-Unit Property with Individual
For Sale
$1,999,000
Pending
2135-37 S 41st St, San Diego, CA 92113
Each residence has its own air-conditioning equipment, washer, and dryer.
Property Size3,266 SF
Days on Market14
Property Features for 2135-37 S 41st St
General Information
Standard status
Pending
Size
3,266 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Shelltown
Highway Access
Yes
Amenities
air conditioning
washer/dryer
security surveillance
security alarm system
No
6
2
8
Full
0.0
3266.0
3
Building Details
Building Size
3,266 SF
Year Built
1938
Stories
2
Listing Agency:
Investment Realty Inc.
(619) 852-2560
Listed By:
Mauro A Gonzalez
(619) 271-3340
Source:
Unitedhometeams
Added: Oct 17
Changed: Oct 29
Last Checked: Oct 29 at 2:48PM
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 Investment Realty Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1938, this four-unit property includes a main house and three additional residences. Each unit has separate air-conditioning equipment and its own washer and dryer. The interiors have been remodeled and updated, with open layouts and contemporary design elements.
The property occupies a corner lot in San Diego and is near the I-5 and I-805 freeways. Security features include surveillance equipment and an alarm system.
The property occupies a corner lot in San Diego and is near the I-5 and I-805 freeways. Security features include surveillance equipment and an alarm system.
Key Highlights
- Four residences: a main house plus three additional units
- Each unit has its own air‑conditioning equipment, washer, and dryer
- Corner‑lot location in San Diego
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,505
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,100
$1.2M
Cap Rate 7%
$835,786
$835.8K
Cap Rate 9%
$650,056
$650.1K
Market Conditions
NOI Build-Up for 3,266 SF
Gross rent
$88.2K $27.00/SF
− Vacancy
−$4.6K −$1.41/SF
EGI
$83.6K $25.59/SF
− OpEx
−$25.1K −$7.68/SF
NOI
$58.5K $17.91/SF
Area
San Diego, CA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,100
Cap Rate 7%
$835,786
Cap Rate 9%
$650,056
Alternative Uses
Best Use
Multifamily LT 5
$835.8K
$731.3K – $975.1K
NOI $58,505 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$771.2K
$674.8K – $899.7K
NOI $53,981 @ 7.0% cap · market cap 2.70%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.50M
NOI $90,298 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,231
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?
Quadplex - Each residence has its own air-conditioning equipment, washer, and dryer.
Where is this quadplex located?
The property is located at 2135-37 S 41st St San Diego, CA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Four residences: a main house plus three additional units; Each unit has its own air‑conditioning equipment, washer, and dryer; Corner‑lot location in San Diego
