Four-Unit Quadplex with Period
New
For Sale
$2,200,000
3042-48 Broadway, San Diego, CA 92102
Residential Income, San Diego, CA
Property Size3,464 SF
Lot Size0.16 Acres
Price / SF$635.10
Days on Market2
Property Features for 3042-48 Broadway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4:MULTIP
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 7, Bedroom 5, Bedroom 2, Bedroom 4
Subdivision
SAN DIEGO
Standard status
Active
APN
539-542-20-00
Size
3,464 SF
Lot size
0.16 Acres
Utilities
Cooling system
Wall/Window Unit(s)
Amenities
covered veranda
coin-op laundry room
Building Details
Year built
1927
Floors in Building
2
Number of units
4
Roof type
Rolled Hot Mop
Listing Agency:
AARE
(858) 342-9292
Listed By:
Gary B Giffin · License #01459257
(858) 401-0204
Added: Oct 13
Last Checked: Oct 14 at 4:06AM
MLS# 260024775
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,464-square-foot, two-story quadplex was built in 1927 on a 0.1614-acre lot. Its four residences include two 2-bedroom, 1-bathroom units averaging 825 square feet and two 2-bedroom, 1-bathroom units with offices averaging 907 square feet. Each unit has a separate entrance, stove and refrigerator, along with hardwood flooring, period tile, and built-in cabinetry. The property also includes a coin-operated laundry room and hookups for additional stacked machines. A fenced front yard and covered rear veranda provide shared outdoor areas.
Five off-street parking spaces are positioned at the rear. The property is in San Diego’s Golden Hill area, with access to I-15, I-94, and I-805, and proximity to Balboa Park, Downtown San Diego, shopping, and dining. Zoning is R-4:MULTIP.
Five off-street parking spaces are positioned at the rear. The property is in San Diego’s Golden Hill area, with access to I-15, I-94, and I-805, and proximity to Balboa Park, Downtown San Diego, shopping, and dining. Zoning is R-4:MULTIP.
Key Highlights
- Four units: two 2BR/1BA averaging 825 sq. ft. and two 2BR/1BA with offices averaging 907 sq. ft.
- 3,464‑square‑foot building on a 0.1614‑acre lot
- Built in 1927; two stories
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.
How Realmo checks its estimates
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residences offer separate entrances, a shared laundry room, and rear parking in a two-story building.
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: two 2BR/1BA averaging 825 sq. ft. and two 2BR/1BA with offices averaging 907 sq. ft.; 3,464‑square‑foot building on a 0.1614‑acre lot; Built in 1927; two stories
