Five-Unit Apartment
For Sale
$1,550,000
3967-69 8th, San Diego, CA 92103
Two buildings provide a mix of studio, one-bedroom, and two-bedroom residences.
Property Size3,600 SF
Price / SF$430.56
Days on Market390
Property Features for 3967-69 8th
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Com-Res Income
Units
Unit Mix
2 x studio, 2 x 1 bedroom, 1 x 2 bedroom
Multifamily Units
5
Building Details
Building Size
3,600 SF
Buildings
2
Listing Agency:
Hacienda Realty
Listed By:
Christamaria E Ormsby · License #01414321
(619) 417-4493
Source:
Bookmarkrealty
Added: Oct 6, 2025
Changed: Oct 26
Last Checked: Oct 26 at 2:37PM
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 Hacienda Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-unit apartment property spans two buildings and contains two studios, two one-bedroom units, and one two-bedroom home. The combined property size is 3,600 square feet.
Hillcrest shops, restaurants, and Whole Foods are described as one block away. Better Buzz is also identified nearby.
Two adjoining parcels, 444-690-03-00 and 444-690-04-00, may be purchased with the property. The source describes potential development of a larger complex of up to 160 units across the parcels.
Hillcrest shops, restaurants, and Whole Foods are described as one block away. Better Buzz is also identified nearby.
Two adjoining parcels, 444-690-03-00 and 444-690-04-00, may be purchased with the property. The source describes potential development of a larger complex of up to 160 units across the parcels.
Key Highlights
- Five units across two buildings
- Unit mix includes 2 studios, 2 one‑bedroom units, and 1 two‑bedroom home
- 3,600 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,501
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,020
$1.2M
Cap Rate 7%
$850,014
$850.0K
Cap Rate 9%
$661,122
$661.1K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$114.5K $31.80/SF
− Vacancy
−$6.3K −$1.75/SF
EGI
$108.2K $30.05/SF
− OpEx
−$48.7K −$13.52/SF
NOI
$59.5K $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%
$1,190,020
Cap Rate 7%
$850,014
Cap Rate 9%
$661,122
Alternative Uses
Best Use
Apartment 5plus
$850.0K
$743.8K – $991.7K
NOI $59,501 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,533 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,755
Businesses Nearby
Explore this area
Business Placement
Demographics for 92103, CA
33,311
Population
21,363
Households
1.6
Avg Household Size
42
Median Age
63%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,003
Density / Sq Mi
$96,887
Median Household Income
$69,732
Median Earnings
$2,020
Median Rent
$986,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings provide a mix of studio, one-bedroom, and two-bedroom residences.
Where is this apartment building located?
The property is located at 3967-69 8th San Diego, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Five units across two buildings; Unit mix includes 2 studios, 2 one‑bedroom units, and 1 two‑bedroom home; 3,600 square feet
