Four-Unit Apartment
2520 collier Ave, San Diego, CA 92116
For Sale
$1,895,000
Well-maintained multifamily property with resident parking, private outdoor spaces, shared laundry, and canyon views from rear units.
Property Size3,476 SF
Days on Market54
Property Features for 2520 collier Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Units
Listing Agency:
Ascent Real Estate
Listed By:
Penny Nathan · License CA #01275714
(619) 985-7369
Source:
Elliman
Added: Sep 18
Changed: Oct 27
Last Checked: Nov 8 at 5:47AM
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 Ascent Real Estate
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Investment Insights
Based on property information with market context.
Built in 1973, this four-unit apartment property includes four approximately 800-square-foot residences, each arranged with two bedrooms and one bathroom. Every unit has a balcony or patio, generous closets, and access to a shared storage room. Kitchens include a range/oven, refrigerator, and dishwasher, while the property also provides shared on-site laundry with Wash service contract machines.
The stucco building features Spanish tile roof accents, a decorative front façade, arched color detailing, and wood trim. Tandem off-street parking is provided for each resident. Rear residences overlook the canyon toward Mission Valley, and SB721 inspections and related work have been completed. The property is located at 2520 Collier Ave in San Diego's University Heights area, with nearby restaurants, coffee shops, Trolley Barn Park, and freeway access. Walk Score is 91, Transit Score is 52, and Bike Score is 55.
The stucco building features Spanish tile roof accents, a decorative front façade, arched color detailing, and wood trim. Tandem off-street parking is provided for each resident. Rear residences overlook the canyon toward Mission Valley, and SB721 inspections and related work have been completed. The property is located at 2520 Collier Ave in San Diego's University Heights area, with nearby restaurants, coffee shops, Trolley Barn Park, and freeway access. Walk Score is 91, Transit Score is 52, and Bike Score is 55.
Key Highlights
- Four approximately 800‑square‑foot units, each with 2 bedrooms and 1 bathroom
- Tandem off‑street parking provided for each resident
- Balcony or patio included with every residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,267
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,245,340
$1.2M
Cap Rate 7%
$889,529
$889.5K
Cap Rate 9%
$691,856
$691.9K
Market Conditions
NOI Build-Up for 3,476 SF
Gross rent
$93.9K $27.00/SF
− Vacancy
−$4.9K −$1.41/SF
EGI
$89.0K $25.59/SF
− OpEx
−$26.7K −$7.68/SF
NOI
$62.3K $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%
$1,245,340
Cap Rate 7%
$889,529
Cap Rate 9%
$691,856
Alternative Uses
Best Use
Multifamily LT 5
$889.5K
$778.3K – $1.04M
NOI $62,267 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$820.7K
$718.2K – $957.5K
NOI $57,452 @ 7.0% cap · market cap 3.03%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $96,104 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,690
Businesses Nearby
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Business Placement
Demographics for 92116, CA
31,523
Population
17,827
Households
1.8
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
9,271
Density / Sq Mi
$95,775
Median Household Income
$63,420
Median Earnings
$1,903
Median Rent
$898,500
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in San Diego, CA
Properties on Market for Quadplexes in San Diego
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained multifamily property with resident parking, private outdoor spaces, shared laundry, and canyon views from rear units.
Where is this quadplex located?
The property is located at 2520 collier Ave San Diego, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Four approximately 800‑square‑foot units, each with 2 bedrooms and 1 bathroom; Tandem off‑street parking provided for each resident; Balcony or patio included with every residence
