4018 Hamilton St San Diego, CA 92104
Value-add multifamily property in San Diego's desirable North Park.
Property Features for 4018 Hamilton St
General Information
- Standard status
- Active
- Size
- 4,234 SF
- Property subtype
- Multifamily
Listing office Apartment Realty Group Inc (858) 247-1095
Listing date May 21, 2026
Source Crexi
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 Apartment Realty Group Inc
Investment Insights
Based on property information with market context.
Key Highlights
- Huge value‑add opportunity with 56% upside in rental income
- High proforma CAP rate (7.97%)
- Located in North Park, one of San Diego’s strongest submarkets
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 | $134.6k | $31.80 |
| − Vacancy | −$7.4k | −$1.75 |
| EGI | $127.2k | $30.05 |
| − OpEx | −$57.3k | −$13.52 |
| NOI | $70.0k | $16.53 |
