4-Unit Townhouse
For Sale
$1,499,999
3868 Chamoune Avenue, San Diego, CA 92105
Four individually configured residences feature private laundry rooms and a practical multifamily layout.
Property Size3,600 SF
Price / SF$416.67
Days on Market80
Property Features for 3868 Chamoune Avenue
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 3BR/1.5BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Amenities
private laundry room
2 Story
N/K
8.0
2
4
12
Tile/Clay
Partial
Gated Community, Security Bars, N/K
1
Stucco
Building Details
Year Built
1978
Buildings
1
Listing Agency:
Advantage Realty & Mortgage
(619) 309-9094
Listed By:
John Hua · License #01321947
(619) 309-9094
Source:
Compass
Added: Jun 12
Changed: Aug 29
Last Checked: Jul 20 at 12:58PM
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 Advantage Realty & Mortgage
Investment Insights
Based on property information with market context.
This 1978-built quadplex brings together four townhouse residences within one building. Each residence includes three bedrooms, one full bathroom, one half bathroom, and a dedicated private laundry room, creating a consistent unit configuration across the property.
Located at 3868 Chamoune Ave in San Diego, the property records a Walk Score of 92, described as a Walker's Paradise. Its Bike Score is 49, categorized as Somewhat Bikeable, while the Transit Score of 55 is rated Good Transit. The uniform townhouse layout and four-unit composition provide a clearly defined multifamily asset with established residential improvements.
Located at 3868 Chamoune Ave in San Diego, the property records a Walk Score of 92, described as a Walker's Paradise. Its Bike Score is 49, categorized as Somewhat Bikeable, while the Transit Score of 55 is rated Good Transit. The uniform townhouse layout and four-unit composition provide a clearly defined multifamily asset with established residential improvements.
Key Highlights
- Four townhouse residences contained within one building
- Each unit includes 3 BR, 1 full bath, and 1 half bath
- Private laundry room provided in every townhouse
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,087
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,461,740
$1.5M
Cap Rate 7%
$1,044,100
$1.0M
Cap Rate 9%
$812,078
$812.1K
Market Conditions
NOI Build-Up for 3,600 SF
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.
Gross rent
$110.2K $30.60/SF
− Vacancy
−$5.8K −$1.60/SF
EGI
$104.4K $29.00/SF
− OpEx
−$31.3K −$8.70/SF
NOI
$73.1K $20.30/SF
Area
ZIP 92105
Vacancy
5.22%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,461,740
Cap Rate 7%
$1,044,100
Cap Rate 9%
$812,078
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$913.6K – $1.22M
NOI $73,087 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$962.3K
$842.0K – $1.12M
NOI $67,360 @ 7.0% cap · market cap 4.49%
Theoretical Best
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,533 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 92105, CA
66,579
Population
23,862
Households
2.8
Avg Household Size
34
Median Age
21%
College-Educated
71%
High-School Grad
5.8 sq mi
ZIP Area
11,479
Density / Sq Mi
$65,174
Median Household Income
$34,469
Median Earnings
$1,687
Median Rent
$593,800
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?
Quadplex - Four individually configured residences feature private laundry rooms and a practical multifamily layout.
Where is this quadplex located?
The property is located at 3868 Chamoune Avenue San Diego, CA.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Four townhouse residences contained within one building; Each unit includes 3 BR, 1 full bath, and 1 half bath; Private laundry room provided in every townhouse
