Four-Unit Multifamily
For Sale
$2,200,000
3042-48 Broadway, San Diego, CA 92102
Four residences offer private entrances, period details, and shared outdoor areas.
Property Size3,464 SF
Price / SF$635.10
Days on Market18
Property Features for 3042-48 Broadway
General Information
Standard status
Active
Size
3,464 SF
Total Parking Spaces
5
Property subtype
Res Income 2-4 Units
Site & Location
Neighborhood
Stockton
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1BA (825 sf), 2 x 2BR/1BA with office (907 sf)
Multifamily Units
4
Amenities
laundry room
fenced yard
veranda
Building Details
Building Size
3,464 SF
Year Built
1927
Buildings
1
Stories
2
Listing Agency:
AARE
Listed By:
Gary B Giffin · License #01459257
(858) 401-0204
Source:
Cruxrealestate
Added: Oct 13
Changed: Oct 26
Last Checked: Oct 26 at 2:11PM
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
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Investment Insights
Based on property information with market context.
Built in 1927, this two-story multifamily property contains four units totaling 3,464 square feet. The mix includes two two-bedroom, one-bathroom residences averaging 825 square feet and two two-bedroom, one-bathroom residences with offices averaging 907 square feet. Each unit has a private entrance, stove, refrigerator, hardwood floors, period kitchen and bath tile, and vintage built-in cabinetry.
Outdoor features include a fenced front yard with lawn and gravel path, plus a covered veranda at the rear. Five off-street parking spaces and a coin-operated laundry room serve the property; hookups are in place for adding a second stacked laundry setup. The property is in San Diego’s Golden Hill neighborhood, with access to Balboa Park, downtown, I-15, I-94, I-805, shopping, and dining.
Outdoor features include a fenced front yard with lawn and gravel path, plus a covered veranda at the rear. Five off-street parking spaces and a coin-operated laundry room serve the property; hookups are in place for adding a second stacked laundry setup. The property is in San Diego’s Golden Hill neighborhood, with access to Balboa Park, downtown, I-15, I-94, I-805, shopping, and dining.
Key Highlights
- Four units in a 3,464‑square‑foot, two‑story building constructed in 1927
- Two 2BR/1BA units average 825 square feet; two 2BR/1BA units with offices average 907 square feet
- Five off‑street parking spaces at the rear of the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,052
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,241,040
$1.2M
Cap Rate 7%
$886,457
$886.5K
Cap Rate 9%
$689,467
$689.5K
Market Conditions
NOI Build-Up for 3,464 SF
Gross rent
$93.5K $27.00/SF
− Vacancy
−$4.9K −$1.41/SF
EGI
$88.6K $25.59/SF
− OpEx
−$26.6K −$7.68/SF
NOI
$62.1K $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%
$1,241,040
Cap Rate 7%
$886,457
Cap Rate 9%
$689,467
Alternative Uses
Best Use
Multifamily LT 5
$886.5K
$775.7K – $1.03M
NOI $62,052 @ 7.0% cap · market cap 2.82%
Second Best
Apartment 5plus
$817.9K
$715.7K – $954.2K
NOI $57,253 @ 7.0% cap · market cap 2.60%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,773 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
Explore this area
Business Placement
Demographics for 92102, CA
39,783
Population
15,622
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
80%
High-School Grad
4.5 sq mi
ZIP Area
8,841
Density / Sq Mi
$71,319
Median Household Income
$40,142
Median Earnings
$1,855
Median Rent
$646,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences offer private entrances, period details, and shared outdoor areas.
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 $2,200,000.
What are key features of this property?
This property features: Four units in a 3,464‑square‑foot, two‑story building constructed in 1927; Two 2BR/1BA units average 825 square feet; two 2BR/1BA units with offices average 907 square feet; Five off‑street parking spaces at the rear of the property
