Six-Unit Apartment Complex With
3035-39 Macaulay Street San Diego, CA 92106
3035-39 Macaulay Street, San Diego, CA, 92106
$2,250,000
For Sale
$2,250,000
Six-unit apartment complex with an on-site coin-operated laundry and off-street parking, with major recent electrical and plumbing upgrades.
Property Size4,326 SF
Price / SF$520.11
Days on Market77
Property Features for 3035-39 Macaulay Street
General Information
- Standard status
- Active
- Size
- 4,326 SF
- Property subtype
- Commercial-Res Income / Com-Res Income
Listing agency
Three Guys Properties, Inc.
(619) 417-2824
Listed by
Neil Harris · License #01912464
(619) 417-2824
Source
Compass
Added: May 7 Updated: Jul 21 at 1:14AM Checked: Jul 22 at 10:50AM
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 Three Guys Properties, Inc.
Investment Insights
Based on property information with market context.
This well-maintained six-unit apartment complex offers an on-site coin-operated laundry facility and ample off-street parking for residents. Recent improvements include a full electrical panel upgrade completed in 2025, major plumbing upgrades completed in 2023, and two remodeled bathrooms in 2026.
The property is positioned directly across from Liberty Station in San Diego’s Point Loma area, providing a highly walkable setting with nearby demand.
The building’s current mix includes units that are reportedly leased quickly upon vacancy, and some units are described as rented below market rate. The combination of completed capital improvements and the existing income stream supports a straightforward ownership or acquisition plan for a buyer seeking a ready-to-operate multifamily asset.
The property is positioned directly across from Liberty Station in San Diego’s Point Loma area, providing a highly walkable setting with nearby demand.
The building’s current mix includes units that are reportedly leased quickly upon vacancy, and some units are described as rented below market rate. The combination of completed capital improvements and the existing income stream supports a straightforward ownership or acquisition plan for a buyer seeking a ready-to-operate multifamily asset.
Key Highlights
- Six‑unit apartment complex in a single building with 10 bedrooms and 6 full bathrooms.
- Recent capital upgrades include electrical panel upgrade completed in 2025 and major plumbing upgrades in 2023.
- Two bathrooms were remodeled in 2026.
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 | $137.6k | $31.80 |
| − Vacancy | −$7.6k | −$1.75 |
| EGI | $130.0k | $30.05 |
| − OpEx | −$58.5k | −$13.52 |
| NOI | $71.5k | $16.53 |
4,326 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$893.8K – $1.19M
NOI $71,500 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.71M
$1.50M – $1.99M
NOI $119,605 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit apartment complex with an on-site coin-operated laundry and off-street parking, with major recent electrical and plumbing upgrades.
Where is this apartment building located?
The property is located at 3035-39 Macaulay Street San Diego, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Six‑unit apartment complex in a single building with 10 bedrooms and 6 full bathrooms.; Recent capital upgrades include electrical panel upgrade completed in 2025 and major plumbing upgrades in 2023.; Two bathrooms were remodeled in 2026.
