San Diego Multifamily Investment
363 Gavin St San Diego, CA 92102
363 Gavin St, San Diego, CA, 92102
$1,385,000
For Sale
$1,385,000
Four freestanding units near Downtown San Diego with upside potential.
Property Size3,000 SF
Price / SF$461.67
Days on Market58
Property Features for 363 Gavin St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1973
Listing Agency
(760) 815-9559
Listed by
Nicole Astorga
(760) 815-9559
Source
Elliman
Added: May 20 Checked: Jul 15 at 9:45 pm
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 Nicole Astorga
Investment Insights
Based on property information with market context.
Located in the 92102 submarket, just minutes from Downtown San Diego and major employment corridors, 351–363 Gavin Street presents an infill investment opportunity. The property consists of four freestanding units, each with 2 bedrooms and 1 bath, situated on two parcels. Each unit is approximately 750 square feet. Positioned in a supply-constrained urban market, the property benefits from strong long-term demand drivers, walkable neighborhood amenities, and efficient access throughout the greater San Diego region. The location has a bike score of 50, indicating it is bikeable, a walk score of 70, indicating it is somewhat walkable, and a transit score of 49, indicating some transit options are available. This offering is suited for investors seeking a centrally located asset with durable fundamentals and potential upside through property improvements, streamlined operations, repositioning, or future redevelopment. The buyer is responsible for verifying redevelopment potential. The property is HAP subsidized, and all units are on month-to-month tenancy.
Key Highlights
- Located minutes from Downtown San Diego and major employment corridors.
- Four freestanding 2 bedroom, 1 bath units.
- Infill location in a supply‑constrained urban market.
Local 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 | $81.0k | $27.00 |
| − Vacancy | −$4.2k | −$1.41 |
| EGI | $76.8k | $25.59 |
| − OpEx | −$23.0k | −$7.68 |
| NOI | $53.7k | $17.91 |
3,000 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$767.7K
$671.8K – $895.7K
NOI $53,740 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$708.3K
$619.8K – $826.4K
NOI $49,584 @ 7.0% cap · market cap 3.58%
Theoretical Best
Specialty Retail
$1.18M
$1.04M – $1.38M
NOI $82,944 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four freestanding units near Downtown San Diego with upside potential.
Where is this quadplex located?
The property is located at 363 Gavin St San Diego, CA.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: Located minutes from Downtown San Diego and major employment corridors.; **Four freestanding 2 bedroom, 1 bath units.**; Infill location in a supply‑constrained urban market.
