Two-Unit Apartment
3613-15 Central Ave San Diego, CA 92105
For Sale
Contact for pricing
Two-bedroom units plus an additional unpermitted one-bedroom unit make up this San Diego income property.
Property Size1,370 SF
Price / SF$602.19
Days on Market98
Property Features for 3613-15 Central Ave
General Information
- Standard status
- Active
- Size
- 1,370 SF
- Property subtype
- Multifamily
Listing Agency:
Marcus & Millichap - San Diego
Listed By:
Liam Sylvia · License #02217656
Source:
Crexi
Added: Apr 20
Changed: Jul 23
Last Checked: Jul 25 at 10:03AM
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
3613-15 Central Avenue is a 2-unit apartment building featuring one two-bedroom, one-bath unit and one two-bedroom, two-bath unit. The property also includes one unpermitted one-bedroom, one-bath unit.
The building is located in San Diego’s City Heights neighborhood, with access to El Cajon Boulevard and Interstate 15. The surrounding area includes transit-oriented transportation options and sits along major east-west and north-south thoroughfares.
The configuration provides a mix of two-bedroom layouts and an additional one-bedroom unit within the same income property.
The building is located in San Diego’s City Heights neighborhood, with access to El Cajon Boulevard and Interstate 15. The surrounding area includes transit-oriented transportation options and sits along major east-west and north-south thoroughfares.
The configuration provides a mix of two-bedroom layouts and an additional one-bedroom unit within the same income property.
Key Highlights
- 2‑unit apartment building in San Diego’s City Heights neighborhood
- Unit mix: one 2BD/1BA unit and one 2BD/2BA unit
- Includes an additional unpermitted 1BD/1BA unit
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 | $41.9k | $30.60 |
| − Vacancy | −$2.2k | −$1.60 |
| EGI | $39.7k | $29.00 |
| − OpEx | −$11.9k | −$8.70 |
| NOI | $27.8k | $20.30 |
1,370 SF · lease $30.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$397.3K
$347.7K – $463.6K
NOI $27,814 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$366.2K
$320.4K – $427.2K
NOI $25,634 @ 7.0% cap · market cap 3.11%
Theoretical Best
Specialty Retail
$541.1K
$473.5K – $631.3K
NOI $37,878 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-bedroom units plus an additional unpermitted one-bedroom unit make up this San Diego income property.
Where is this duplex located?
The property is located at 3613-15 Central Ave San Diego, CA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 2‑unit apartment building in San Diego’s City Heights neighborhood; Unit mix: one 2BD/1BA unit and one 2BD/2BA unit; Includes an additional unpermitted 1BD/1BA unit
