Four-Unit Quadplex with ADU
New
For Sale
$1,500,000
3517 23 J St, San Diego, CA 92102
Architectural plans outline four detached ADUs for the rear yard.
Property Size2,912 SF
Lot Size0.16 Acres
Price / SF$515.11
Days on Market2
Property Features for 3517 23 J St
General Information
Standard status
Active
Size
2,912 SF
Lot size
0.16 Acres
Property subtype
Investment
Zoning
RM-1-1
Occupancy
75%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Asking Price
$1,500,000
Highway Access
Yes
Building Details
Year Built
1959
Buildings
1
Stories
2
Units
4
Listing Agency:
South Coast Commercial, Inc.
Listed By:
Kevin Hemstreet · License #01490629
(619) 309-9296
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:26PM
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 South Coast Commercial, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 2,912 square feet in four apartments, each configured with two bedrooms and one bathroom. Built in 1959, the building sits on a 7,071-square-foot lot zoned RM-1-1. Off-street parking is located at the front, with an open yard behind the building.
Three apartments are leased and one is vacant. The occupied units reimburse water costs through a RUBS program. Architectural plans have been prepared for four detached, two-bedroom, one-bathroom ADUs in the rear yard. The property is at 3517 23 J St in San Diego, a few blocks from Interstate 15 and Imperial Avenue.
Three apartments are leased and one is vacant. The occupied units reimburse water costs through a RUBS program. Architectural plans have been prepared for four detached, two-bedroom, one-bathroom ADUs in the rear yard. The property is at 3517 23 J St in San Diego, a few blocks from Interstate 15 and Imperial Avenue.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 2,912 SF building on a 7,071 SF RM‑1‑1 lot
- Architectural plans for four detached 2‑bedroom, 1‑bathroom ADUs in the rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,164
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,043,280
$1.0M
Cap Rate 7%
$745,200
$745.2K
Cap Rate 9%
$579,600
$579.6K
Market Conditions
NOI Build-Up for 2,912 SF
Gross rent
$78.6K $27.00/SF
− Vacancy
−$4.1K −$1.41/SF
EGI
$74.5K $25.59/SF
− OpEx
−$22.4K −$7.68/SF
NOI
$52.2K $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%
$1,043,280
Cap Rate 7%
$745,200
Cap Rate 9%
$579,600
Alternative Uses
Best Use
Multifamily LT 5
$745.2K
$652.1K – $869.4K
NOI $52,164 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$687.6K
$601.6K – $802.2K
NOI $48,130 @ 7.0% cap · market cap 3.21%
Theoretical Best
Specialty Retail
$1.15M
$1.01M – $1.34M
NOI $80,511 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
75%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
879
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Architectural plans outline four detached ADUs for the rear yard.
Where is this quadplex located?
The property is located at 3517 23 J St San Diego, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; 2,912 SF building on a 7,071 SF RM‑1‑1 lot; Architectural plans for four detached 2‑bedroom, 1‑bathroom ADUs in the rear yard
