Six-Unit Apartment
2801-7 Columbia Street San Diego, CA 92103
2801-7 Columbia Street, San Diego, CA, 92103
$2,575,000
For Sale
$2,575,000
Two-building, six-unit apartment property with shared laundry, garages, and upgraded building systems.
Property Size6,028 SF
Price / SF$427.17
Days on Market106
Property Features for 2801-7 Columbia Street
General Information
- Standard status
- Active
- Size
- 6,028 SF
- Property subtype
- Commercial-Res Income / Com-Res Income
Listing agency
Berkshire Hathaway HomeServices California Properties
(858) 859-3370
Listed by
Steven E Cairncross · License #00859218
(858) 859-3370
Source
Compass
Added: Apr 8 Updated: Jul 21 at 1:40PM Checked: Jul 21 at 1:40PM
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 Berkshire Hathaway HomeServices California Properties
Investment Insights
Based on property information with market context.
This well-maintained, two-building apartment property offers six two-bedroom, one-bath units across a 3-story front building and a rear building. The front building includes four units, three garages, and a shared laundry facility. The rear building provides two additional units, accessed via a walkway along the south side of the property.
All six residences include private outdoor areas, neutral finishes, and abundant natural light. Building improvements include a new water heater, upgraded electrical panels, central forced heating, dual-pane windows, and hardwood flooring. Five of the six units have west-facing balconies with views described as including the downtown San Diego skyline, San Diego Bay, and the Pacific Ocean.
Tenants are responsible for the majority of utilities per their lease terms, while the owner covers water, hot water, and trash.
All six residences include private outdoor areas, neutral finishes, and abundant natural light. Building improvements include a new water heater, upgraded electrical panels, central forced heating, dual-pane windows, and hardwood flooring. Five of the six units have west-facing balconies with views described as including the downtown San Diego skyline, San Diego Bay, and the Pacific Ocean.
Tenants are responsible for the majority of utilities per their lease terms, while the owner covers water, hot water, and trash.
Key Highlights
- 3‑story, two‑building six‑unit apartment property with four units at 2801–2807 Columbia St and two units at 962–964 W. Olive St
- All six units are 2‑bedroom, 1‑bath residences, each providing over 900 sq ft of living space
- Front building includes three garages and a shared laundry facility; rear building accessed via a walkway along the south side
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 | $191.7k | $31.80 |
| − Vacancy | −$10.5k | −$1.75 |
| EGI | $181.1k | $30.05 |
| − OpEx | −$81.5k | −$13.52 |
| NOI | $99.6k | $16.53 |
6,028 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.42M
$1.25M – $1.66M
NOI $99,631 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.38M
$2.08M – $2.78M
NOI $166,662 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Two-building, six-unit apartment property with shared laundry, garages, and upgraded building systems.
Where is this apartment building located?
The property is located at 2801-7 Columbia Street San Diego, CA.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: 3‑story, two‑building six‑unit apartment property with four units at 2801–2807 Columbia St and two units at 962–964 W. Olive St; All six units are 2‑bedroom, 1‑bath residences, each providing over 900 sq ft of living space; Front building includes three garages and a shared laundry facility; rear building accessed via a walkway along the south side
