8-Unit Apartment
For Sale
$3,695,000
375-81 Rosecrans Street, San Diego, CA 92106
Residential Income, San Diego, CA
Property Size7,153 SF
Price / SF$516.57
Days on Market308
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 20, 2025
Changed: Aug 19
Last Checked: Oct 24 at 6:06PM
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.
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Investment Insights
Based on property information with market context.
This apartment property at 375-81 Rosecrans Street comprises eight units, including seven two-bedroom, one-bath residences and one three-bedroom, two-bath residence. The building was constructed in the 1950s and provides a mix of residential layouts within a single multifamily asset.
The property is located in La Playa, within one block of Kellogg Beach and near the La Playa Trail. Bassemer Foot Path and The San Diego Yacht Club are also nearby, while Shelter Island, Downtown San Diego, and the airport are minutes away without requiring freeway access.
The property is located in La Playa, within one block of Kellogg Beach and near the La Playa Trail. Bassemer Foot Path and The San Diego Yacht Club are also nearby, while Shelter Island, Downtown San Diego, and the airport are minutes away without requiring freeway access.
Key Highlights
- 8‑unit apartment building constructed in the 1950s
- Unit mix includes 7 2BR/1BA units and 1 3BR/2BA unit
- Located one block from Kellogg Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,225
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,364,500
$2.4M
Cap Rate 7%
$1,688,929
$1.7M
Cap Rate 9%
$1,313,611
$1.3M
Market Conditions
NOI Build-Up for 7,153 SF
Gross rent
$227.5K $31.80/SF
− Vacancy
−$12.5K −$1.75/SF
EGI
$215.0K $30.05/SF
− OpEx
−$96.7K −$13.52/SF
NOI
$118.2K $16.53/SF
Area
San Diego, CA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,364,500
Cap Rate 7%
$1,688,929
Cap Rate 9%
$1,313,611
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.
How Realmo checks its estimates
Property Analytics
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Unit mix includes two- and three-bedroom floor plans in a coastal Point Loma setting.
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 constructed in the 1950s; Unit mix includes 7 2BR/1BA units and 1 3BR/2BA unit; Located one block from Kellogg Beach
