8-Unit Apartment Building Near
For Sale
$3,695,000
375-81 Rosecrans Street, San Diego, CA 92106
MULTI_FAMILY - San Diego, CA
Property Size7,153 SF
Price / SF$516.57
Days on Market229
Property Features for 375-81 Rosecrans Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
POINT LOMA (92106)
Standard status
Active
APN
532-492-02-00
Size
7,153 SF
Building Details
Floors in Building
2
Number of units
8
Listing Agency:
The Equity Company
(619) 528-2337
Listed By:
Andrew T Gilcrest · License #00984109
(619) 813-2338
Added: Dec 19, 2025
Changed: Jul 8
Last Checked: Aug 5 at 8:06PM
MLS# 250046022
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering is an 8-unit apartment building featuring seven 2-bedroom/1-bath units and one 3-bedroom/2-bath unit. The property was built in the 1950s and presents an income-producing residential configuration with unit variety that can support a range of tenant household sizes.
The building is located at 375–81 Rosecrans Street in San Diego’s La Playa neighborhood of Point Loma. It is about one block from Kellogg Beach and provides close access to the La Playa Trail. The surrounding area includes Bassemer Foot Path and the San Diego Yacht Club, with nearby access to Shelter Island, Downtown San Diego, and the airport described as being just minutes away.
For prospective owners, the mix of unit sizes can be a practical fit for operators seeking a manageable multifamily asset with both smaller and larger layouts. The seller notes vacation-unit use as a consideration, which may be relevant to buyers evaluating short-stay or flexible leasing strategies based on their own diligence and compliance requirements.
The building is located at 375–81 Rosecrans Street in San Diego’s La Playa neighborhood of Point Loma. It is about one block from Kellogg Beach and provides close access to the La Playa Trail. The surrounding area includes Bassemer Foot Path and the San Diego Yacht Club, with nearby access to Shelter Island, Downtown San Diego, and the airport described as being just minutes away.
For prospective owners, the mix of unit sizes can be a practical fit for operators seeking a manageable multifamily asset with both smaller and larger layouts. The seller notes vacation-unit use as a consideration, which may be relevant to buyers evaluating short-stay or flexible leasing strategies based on their own diligence and compliance requirements.
Key Highlights
- 8‑unit apartment building in Point Loma’s La Playa neighborhood, built in the 1950s
- Unit mix: 7 two‑bedroom/1‑bath units and 1 three‑bedroom/2‑bath unit
- Located about one block from Kellogg Beach
Financial Insights For Apartment 5plus
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 | $227.5k | $31.80 |
| − Vacancy | −$12.5k | −$1.75 |
| EGI | $215.0k | $30.05 |
| − OpEx | −$96.7k | −$13.52 |
| NOI | $118.2k | $16.53 |
7,153 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.69M
$1.48M – $1.97M
NOI $118,225 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.83M
$2.47M – $3.30M
NOI $197,766 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
Demographics for 92106, CA
20,214
Population
7,908
Households
2.6
Avg Household Size
39
Median Age
63%
College-Educated
97%
High-School Grad
5.7 sq mi
ZIP Area
3,546
Density / Sq Mi
$127,209
Median Household Income
$55,428
Median Earnings
$2,231
Median Rent
$1,359,000
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?
Apartment building - Eight residential units mix of 2BR/1BA and a larger 3BR/2BA layout in the La Playa area of Point Loma.
Where is this apartment building located?
The property is located at 375-81 Rosecrans Street San Diego, CA.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: 8‑unit apartment building in Point Loma’s La Playa neighborhood, built in the 1950s; Unit mix: 7 two‑bedroom/1‑bath units and 1 three‑bedroom/2‑bath unit; Located about one block from Kellogg Beach
