La Playa Eight-Unit Apartment
375-81 Rosecrans Street San Diego, CA 92106
For Sale
Contact for pricing
Eight-unit apartment building in Point Loma's La Playa neighborhood.
Property Size7,153 SF
Price / SF$559.21
Days on Market218
Property Features for 375-81 Rosecrans Street
General Information
- Standard status
- Active
- Size
- 7,153 SF
- Property subtype
- Multifamily
Listing Agency:
The Equity Company
Listed By:
Andrew Gilcrest · License #00984109
Source:
Crexi
Added: Dec 19, 2025
Changed: Jul 10
Last Checked: Jul 25 at 9:38AM
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 The Equity Company
Investment Insights
Based on property information with market context.
This is a rare opportunity to own an eight-unit apartment building in the La Playa neighborhood of Point Loma. The property is located one block from Kellogg Beach, with close access to the La Playa Trail, Bassemer Foot Path, and The San Diego Yacht Club. Shelter Island, Downtown San Diego, and the airport are all within minutes, accessible without freeway travel. The building contains seven 2-bedroom, 1-bathroom units and one 3-bedroom, 2-bathroom unit. The property, constructed in the 1950s, offers potential as vacation units. The property size is 7153 square feet.
Key Highlights
- Rare 8‑unit apartment building in the highly desirable La Playa neighborhood of Point Loma.
- Located just one block from Kellogg Beach and close to the La Playa Trail.
- Excellent location with convenient access to Shelter Island, Downtown San Diego, and the airport.
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 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.83M
$2.47M – $3.30M
NOI $197,766 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Apartment building - Eight-unit apartment building in Point Loma's La Playa neighborhood.
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 $3,999,999.
What are key features of this property?
This property features: Rare 8‑unit apartment building in the highly desirable La Playa neighborhood of Point Loma.; Located just one block from Kellogg Beach and close to the La Playa Trail.; Excellent location with convenient access to Shelter Island, Downtown San Diego, and the airport.
