Shovel-Ready Townhome Quadplex
3057 Walton Place Unit 60 San Diego, CA 92116
For Sale
$995,000
Four three-story townhomes are planned, each with 3 bedrooms, 2.5 baths, and a third-story balcony.
Property Size3,059 SF
Price / SF$325.27
Days on Market119
Property Features for 3057 Walton Place Unit 60
General Information
- Standard status
- Active
- Size
- 3,059 SF
- Property subtype
- Lot/Land
Listing Agency:
Bridgepoint Realty Inc
(760) 419-1343
Listed By:
Alexio Barbara · License #01992393
(760) 419-1343
Source:
Compass
Added: Mar 30
Changed: Jul 23
Last Checked: Jul 25 at 12:32PM
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 Bridgepoint Realty Inc
Investment Insights
Based on property information with market context.
This shovel-ready development calls for 4 three-story townhomes, with each residence configured for 3 bedrooms and 2.5 bathrooms. The plans also include third-story balconies designed for views. Total planned rentable space is 4,425 square feet.
Located in the heart of North Park, the project has full construction plans, along with detailed proforma materials, a budget breakdown, and 3D renderings available for review. The estimated construction budget is $1,453,000.
For buyers seeking a smaller-scale multifamily development in San Diego, this package is positioned for due diligence with the available documentation and visual presentation.
Located in the heart of North Park, the project has full construction plans, along with detailed proforma materials, a budget breakdown, and 3D renderings available for review. The estimated construction budget is $1,453,000.
For buyers seeking a smaller-scale multifamily development in San Diego, this package is positioned for due diligence with the available documentation and visual presentation.
Key Highlights
- Shovel‑ready development plan for 4 three‑story townhomes in North Park
- Each townhome is planned with 3 bedrooms and 2.5 bathrooms
- 3rd‑story balconies planned for each townhome
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 | $82.6k | $27.00 |
| − Vacancy | −$4.3k | −$1.41 |
| EGI | $78.3k | $25.59 |
| − OpEx | −$23.5k | −$7.68 |
| NOI | $54.8k | $17.91 |
3,059 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$782.8K
$685.0K – $913.3K
NOI $54,797 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$722.3K
$632.0K – $842.7K
NOI $50,559 @ 7.0% cap · market cap 5.08%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,575 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four three-story townhomes are planned, each with 3 bedrooms, 2.5 baths, and a third-story balcony.
Where is this quadplex located?
The property is located at 3057 Walton Place Unit 60 San Diego, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Shovel‑ready development plan for 4 three‑story townhomes in North Park; Each townhome is planned with 3 bedrooms and 2.5 bathrooms; 3rd‑story balconies planned for each townhome
