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Newly Built Apartment Building
New
For Sale
$7,950,000

4015 Richmond St, San Diego, CA 92103

Nineteen residences offer varied layouts, private outdoor space, in-unit laundry, and contemporary building systems.

Property SizeContact for details
Days on Market4

Property Features for 4015 Richmond St

General Information

Standard status Active
Property subtype Commercial
Net Operating Income $372,000

Additional Details

Asking Price $7,950,000
Multifamily Units 19

Amenities

in-unit laundry
central heating and air conditioning
triple pane windows
private balconies

Building Details

Year Built 2025
Units 19
Listing Agency: ACI Apartments
Listed By: Ricardo Lopez · License #01936528
Source: Elliman
Added: Sep 5 Last Checked: Sep 7 at 8:20AM

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 ACI Apartments

Investment Insights

Based on property information with market context.

Completed in 2025, this 19-unit apartment property at 4015 Richmond St includes studio, one-bedroom, and two-bedroom residences. Interior features include modern finishes, in-unit laundry, central heating and air conditioning, triple-pane windows, and private balconies in most units. The newly constructed building provides a recently delivered multifamily asset in San Diego’s Hillcrest neighborhood.

The property is positioned near shopping, dining, and major employment centers, including UC San Diego Health Hillcrest and Scripps Mercy Hospital. Hillcrest’s transportation profile includes a Walk Score of 91, a Bike Score of 57, and a Transit Score of 53. The property also benefits from exemption from AB 1482 rent caps through at least 2040, with approximately 11% potential rent upside identified in the property information.

Key Highlights

  • 19‑unit apartment property completed in 2025
  • Studio, one‑bedroom, and two‑bedroom residences
  • In‑unit laundry, central HVAC, and triple‑pane windows

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Food Market Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store HVAC Service Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

19
Residential units

Location Intelligence

Trade Area within ½ mile

3,902
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Nineteen residences offer varied layouts, private outdoor space, in-unit laundry, and contemporary building systems.
Where is this apartment building located?
The property is located at 4015 Richmond St San Diego, CA.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: 19‑unit apartment property completed in 2025; Studio, one‑bedroom, and two‑bedroom residences; In‑unit laundry, central HVAC, and triple‑pane windows
More about this property
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