Golden Hill Multifamily Investment
3042-48 Broadway San Diego, CA 92102
3042-48 Broadway, San Diego, CA, 92102
Contact for pricing
Four-unit multifamily property in the desirable Golden Hills neighborhood.
Property Size3,464 SF
Price / SF$562.93
AddedDec 6, 2025
Days on Market221
Last RefreshJun 26 at 4:45 pm
Property Features for 3042-48 Broadway
General Information
- Standard status
- Active
- Size
- 3,464 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1927
Listing office AARE - Real Estate
Listing date Dec 6, 2025
Source Crexi
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 AARE - Real Estate
Investment Insights
Based on property information with market context.
This rarely available 4-unit multifamily investment property is located in the Golden Hills area of San Diego. Constructed in 1927, this two-story building features a large, fully fenced front yard with grass and a gravel pathway. The back of the property includes a covered veranda area suitable for barbecues and entertaining. The units consist of two 2-bedroom, 1-bathroom units averaging 825 square feet, and two 2-bedroom, 1-bathroom units with office space, averaging 907 square feet. Each well-maintained unit has a private entrance and includes a stove and refrigerator, as well as historical design touches such as hardwood floors, period tile in the kitchens and baths, and vintage built-in cabinetry. There are five off-street parking spaces located at the rear of the property. The building also includes a coin-operated laundry room and hookups for expansion to double-stacked laundry. Golden Hills is an architecturally historic neighborhood near Balboa Park and Downtown San Diego, with easy access to the I-15, I-94, and I-805 freeways, as well as shopping and dining. This multifamily complex is an ideal turnkey property for a new owner looking for investment opportunities in the flourishing neighborhood of Golden Hill. Possible tax benefits may be available if registered with the city for Mills Act Historic Property designation. The property size is 3464 square feet.
Key Highlights
- Rare 4‑unit multifamily investment property in Golden Hill.
- Two 2BR/1BA units and two 2BR/1BA with office units, all well‑maintained with private entrances.
- Historical design touches: hardwood floors, period tile, and vintage built‑in cabinetry.
Local 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 | $93.5k | $27.00 |
| − Vacancy | −$4.9k | −$1.41 |
| EGI | $88.6k | $25.59 |
| − OpEx | −$26.6k | −$7.68 |
| NOI | $62.1k | $17.91 |
3,464 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$886.5K
$775.7K – $1.03M
NOI $62,052 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$817.9K
$715.7K – $954.2K
NOI $57,253 @ 7.0% cap · market cap 2.94%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,773 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property in the desirable Golden Hills neighborhood.
Where is this quadplex located?
The property is located at 3042-48 Broadway San Diego, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Rare 4‑unit multifamily investment property in Golden Hill.; Two 2BR/1BA units and two 2BR/1BA with office units, all well‑maintained with private entrances.; Historical design touches: hardwood floors, period tile, and vintage built‑in cabinetry.
