375-81 Rosecrans Street San Diego, CA 92106
MULTI_FAMILY - San Diego, CA
Property Features for 375-81 Rosecrans Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 532-492-02-00
- Size
- 7,153 SF
Building Details
- Floors in Building
- 2
- Number of units
- 8
Listing agent Andrew T Gilcrest License #00984109 (619) 813-2338
Listing office The Equity Company 8680 Navajo Road #212, San Diego, CA (619) 528-2337
Listing date Dec 19, 2025
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.
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
Local 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 |
