Two-Residence Multifamily
New
For Sale
$1,075,000
4020 22 Dwight St, San Diego, CA 92105
Each home has a separate entrance, yard, and dedicated parking.
Property Size1,652 SF
Days on Market3
Property Features for 4020 22 Dwight St
General Information
Standard status
Active
Size
1,652 SF
Property subtype
Investment
Site & Location
Neighborhood
Cherokee Point
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Building Size
1,652 SF
Year Built
1979
Buildings
2
Units
2
Listed By:
Reyna Jamison · License #02077576
(619) 361-3043
Source:
Elliman
Added: Oct 23
Last Checked: Oct 24 at 4:35PM
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 Reyna Jamison
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Investment Insights
Based on property information with market context.
Two homes occupy one parcel in San Diego. The front residence has 3 bedrooms and 2 bathrooms; the rear home has 2 bedrooms and 1 bathroom. Each has its own entrance, yard, and dedicated parking. The property was built in 1979 and both homes have been updated.
Interstates 15, 805, 94, and 8 provide regional access. Downtown San Diego, San Diego International Airport, shopping, dining, and entertainment are described as minutes away. The property has a Walk Score of 93, a Bike Score of 59, and a Transit Score of 55.
Interstates 15, 805, 94, and 8 provide regional access. Downtown San Diego, San Diego International Airport, shopping, dining, and entertainment are described as minutes away. The property has a Walk Score of 93, a Bike Score of 59, and a Transit Score of 55.
Key Highlights
- Two residences on one parcel
- Front home: 3 bedrooms and 2 bathrooms; rear home: 2 bedrooms and 1 bathroom
- Each residence has its own entrance, yard, and dedicated parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,911
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,220
$618.2K
Cap Rate 7%
$441,586
$441.6K
Cap Rate 9%
$343,456
$343.5K
Market Conditions
NOI Build-Up for 1,652 SF
Gross rent
$59.5K $36.00/SF
− Vacancy
−$3.3K −$1.98/SF
EGI
$56.2K $34.02/SF
− OpEx
−$25.3K −$15.31/SF
NOI
$30.9K $18.71/SF
Area
ZIP 92105
Vacancy
5.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,220
Cap Rate 7%
$441,586
Cap Rate 9%
$343,456
Alternative Uses
Best Use
Apartment 5plus
$441.6K
$386.4K – $515.2K
NOI $30,911 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$652.5K
$570.9K – $761.2K
NOI $45,674 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,298
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
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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?
Multifamily property - Each home has a separate entrance, yard, and dedicated parking.
Where is this multifamily property located?
The property is located at 4020 22 Dwight St San Diego, CA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Two residences on one parcel; Front home: 3 bedrooms and 2 bathrooms; rear home: 2 bedrooms and 1 bathroom; Each residence has its own entrance, yard, and dedicated parking
