4-Unit Apartment Property with Rear
For Sale
$1,500,000
3517-23 J St, San Diego, CA 92102
Four apartments include one vacant unit, three leased units, and off-street parking.
Property Size2,912 SF
Lot Size0.16 Acres
Price / SF$515.11
Days on Market18
Property Features for 3517-23 J St
General Information
Standard status
Active
Size
2,912 SF
Lot size
0.16 Acres
Property subtype
Res Income 2-4 Units
Zoning
RM-1-1
Site & Location
Neighborhood
Stockton
Highway Access
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Asking Price
$1,500,000
Tenant in Place
Yes
Building Details
Building Size
2,912 SF
Year Built
1959
Buildings
1
Listing Agency:
South Coast Commercial, Inc.
Listed By:
Kevin Hemstreet · License #01490629
(619) 309-9296
Source:
Bookmarkrealty
Added: Oct 13
Changed: Oct 26
Last Checked: Oct 26 at 10:25AM
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.
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Investment Insights
Based on property information with market context.
The property contains four apartments, each with two bedrooms and one bathroom, within 2,912 square feet. Built in 1959, the building sits on a 7,071-square-foot RM-1-1 lot with off-street parking at the front and an open rear yard. Three apartments are leased, while one is vacant; tenants reimburse water through a RUBS program.
Architect-designed plans are available for four detached ADUs in the rear yard. The property is a few blocks from Interstate 15 and Imperial Avenue in Southeast San Diego.
Architect-designed plans are available for four detached ADUs in the rear yard. The property is a few blocks from Interstate 15 and Imperial Avenue in Southeast San Diego.
Key Highlights
- Four 2‑bedroom, 1‑bath apartments in 2,912 square feet
- 7,071‑square‑foot RM‑1‑1 lot with off‑street parking and an open rear yard
- Three units leased and one vacant; tenants reimburse water through a RUBS program
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
Lease Details
4
Residential units
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments include one vacant unit, three leased units, and off-street parking.
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 2‑bedroom, 1‑bath apartments in 2,912 square feet; 7,071‑square‑foot RM‑1‑1 lot with off‑street parking and an open rear yard; Three units leased and one vacant; tenants reimburse water through a RUBS program
