Four-Unit Residential Income
For Sale
Contact for pricing
3062-68 Columbia St, San Diego, CA 92103
Four 2-bedroom, 1-bath units each with a one-car garage, plus a community laundry room, in San Diego.
Property Size3,400 SF
Price / SF$616.18
Days on Market62
Property Features for 3062-68 Columbia St
General Information
Standard status
Active
Size
3,400 SF
Total Parking Spaces
4
Property subtype
Multifamily
Additional Details
Multifamily Units
4
Building Details
Year Built
1928
Tenancy
Multi
Listing Agency:
Pacific Sotheby's International Realty
Listed By:
Sabrina Ortega · License #01944928
Source:
Crexi
Added: Jun 4
Changed: Jul 10
Last Checked: Aug 3 at 3:32PM
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 Pacific Sotheby's International Realty
Investment Insights
Based on property information with market context.
This four-unit residential income property consists of four 2-bedroom, 1-bath units. Each unit includes its own one-car garage, and the property also offers a community laundry room. According to the seller’s remarks, two of the units have been remodeled, while the remaining units offer additional room for improvement.
The building is located at 3062-68 Columbia St in San Diego, CA 92103. The public remarks note convenient access to San Diego Airport, Downtown, Bankers Hill, Little Italy, Balboa Park, and nearby freeways, along with dining and shopping options.
For investors or owner-operators, this configuration may be well-suited to tenants seeking garage parking and in-unit space with two bedrooms and one bathroom. With two units reportedly updated and the other two positioned for further renovation, the property provides a straightforward, low-maintenance ownership framework focused on residential income. The seller also notes that short-term rental use is permitted in the area, which may broaden use options depending on applicable requirements.
The building is located at 3062-68 Columbia St in San Diego, CA 92103. The public remarks note convenient access to San Diego Airport, Downtown, Bankers Hill, Little Italy, Balboa Park, and nearby freeways, along with dining and shopping options.
For investors or owner-operators, this configuration may be well-suited to tenants seeking garage parking and in-unit space with two bedrooms and one bathroom. With two units reportedly updated and the other two positioned for further renovation, the property provides a straightforward, low-maintenance ownership framework focused on residential income. The seller also notes that short-term rental use is permitted in the area, which may broaden use options depending on applicable requirements.
Key Highlights
- 1928‑built 4‑unit property in San Diego offering four 2‑bedroom, 1‑bath units
- Each unit includes its own one‑car garage
- Community laundry room on site
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 | $91.8k | $27.00 |
| − Vacancy | −$4.8k | −$1.41 |
| EGI | $87.0k | $25.59 |
| − OpEx | −$26.1k | −$7.68 |
| NOI | $60.9k | $17.91 |
3,400 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$870.1K
$761.3K – $1.02M
NOI $60,906 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$802.8K
$702.4K – $936.6K
NOI $56,195 @ 7.0% cap · market cap 2.68%
Theoretical Best
Specialty Retail
$1.34M
$1.18M – $1.57M
NOI $94,003 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,933
Businesses Nearby
Explore this area
Business Placement
Demographics for 92103, CA
33,311
Population
21,363
Households
1.6
Avg Household Size
42
Median Age
63%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,003
Density / Sq Mi
$96,887
Median Household Income
$69,732
Median Earnings
$2,020
Median Rent
$986,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath units each with a one-car garage, plus a community laundry room, in San Diego.
Where is this quadplex located?
The property is located at 3062-68 Columbia St San Diego, CA.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: 1928‑built 4‑unit property in San Diego offering four 2‑bedroom, 1‑bath units; Each unit includes its own one‑car garage; Community laundry room on site
