4-Unit Multifamily
4037-39 National Ave, San Diego, CA 92113
For Sale
New
$1,050,000
Residential Income, San Diego, CA
Property Size2,090 SF
Lot Size0.16 Acres
Price / SF$502.39
Days on Market3
Property Features for 4037-39 National Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Building Details
Year built
Number of units
Roof type
Buildings
Listing Agency:
Palisade Realty Inc
Listed By:
Erick Salgado · License CA #01999413
(619) 800-4839
Added: Nov 12
Last Checked: Nov 14 at 5:06AM
MLS# 260026969
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 2,090-square-foot property contains four residences on a 0.1578-acre lot. The unit mix includes an 850-square-foot, three-bedroom, one-bath home; a 500-square-foot, one-bedroom, one-and-a-half-bath residence; a 240-square-foot studio with a separate entrance; and a 500-square-foot, two-bedroom, one-bath home. Private fenced yards serve several units, and the studio has a newer bathroom, shower, and oven. Updates include plumbing, composition roofs, and an electrical panel; each building has separate metering.
The site has alley access, a carport, driveway, and street parking. Parks, schools, shopping centers, and major freeways are nearby. The property is zoned R-2:MINOR and was built in 2017.
The site has alley access, a carport, driveway, and street parking. Parks, schools, shopping centers, and major freeways are nearby. The property is zoned R-2:MINOR and was built in 2017.
Key Highlights
- Four residences totaling 2,090 square feet on 0.1578 acres
- Unit mix includes 3‑bedroom, 1‑bedroom, studio, and 2‑bedroom residences
- Separate electrical metering for each building; plumbing and composition roofs updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,544
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,880
$690.9K
Cap Rate 7%
$493,486
$493.5K
Cap Rate 9%
$383,822
$383.8K
Market Conditions
NOI Build-Up for 2,090 SF
Gross rent
$66.5K $31.80/SF
− Vacancy
−$3.7K −$1.75/SF
EGI
$62.8K $30.05/SF
− OpEx
−$28.3K −$13.52/SF
NOI
$34.5K $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%
$690,880
Cap Rate 7%
$493,486
Cap Rate 9%
$383,822
Alternative Uses
Best Use
Apartment 5plus
$493.5K
$431.8K – $575.7K
NOI $34,544 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$825.5K
$722.3K – $963.1K
NOI $57,784 @ 7.0% cap · market cap 5.50%
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
4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
Explore this area
Business Placement
Demographics for 92113, CA
50,457
Population
14,443
Households
3.5
Avg Household Size
32
Median Age
11%
College-Educated
69%
High-School Grad
4.5 sq mi
ZIP Area
11,213
Density / Sq Mi
$59,177
Median Household Income
$31,099
Median Earnings
$1,608
Median Rent
$559,100
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in San Diego, CA
Properties on Market for Multifamily properties in San Diego
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - R-2:MINOR zoning and alley access accompany a mix of detached homes and a two-level building.
Where is this multifamily property located?
The property is located at 4037-39 National Ave San Diego, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Four residences totaling 2,090 square feet on 0.1578 acres; Unit mix includes 3‑bedroom, 1‑bedroom, studio, and 2‑bedroom residences; Separate electrical metering for each building; plumbing and composition roofs updated
