3967-69 8th San Diego, CA 92103
Five-unit property in Hillcrest near shops and dining.
Property Features for 3967-69 8th
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Multifamily
Listing office Hacienda Realty (619) 417-4493
Listing date Oct 17, 2025
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Hacienda Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Prime Hillcrest location: One block from Whole Foods, Better Buzz, shops, and dining.
- Development opportunity: Option to purchase adjoining parcels for a larger complex (potential for up to 160 units).
- New construction potential: Surrounded by new construction opportunities.
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 | $114.5k | $31.80 |
| − Vacancy | −$6.3k | −$1.75 |
| EGI | $108.2k | $30.05 |
| − OpEx | −$48.7k | −$13.52 |
| NOI | $59.5k | $16.53 |
