Three-Unit Residential Income
New
For Sale
$1,750,000
4083 Albatross St, San Diego, CA 92103
Three residences offer distinct bedroom configurations, shared outdoor space, and onsite laundry.
Property Size3,318 SF
Price / SF$527.43
Days on Market3
Property Features for 4083 Albatross St
General Information
Standard status
Active
Size
3,318 SF
Property subtype
Investment
Site & Location
Neighborhood
Hillcrest
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Amenities
shared backyard
onsite laundry
Building Details
Year Built
1910
Buildings
1
Stories
2
Units
3
Listing Agency:
Colliers International
Listed By:
Aaron Bove · License #01318320
(858) 945-7094
Source:
Elliman
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 25 at 2:42AM
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 Colliers International
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Investment Insights
Based on property information with market context.
This triplex at 4083 Albatross Street contains three residences totaling approximately 3,318 square feet: a one-bedroom, one-bath unit, a two-bedroom, one-bath unit, and a three-bedroom, two-bath unit. Built in 1910, the property includes a shared backyard and onsite laundry. Select units feature updated kitchens and bathrooms, hardwood floors, and restored wood trim. The three-bedroom residence has an enclosed sunroom, while the one-bedroom layout includes a separate dining room or den.
The property has alley access and existing garages. Restaurants, cafés, shopping, and major medical centers are nearby, with access to Balboa Park and Downtown San Diego. The address has a Walk Score of 91, a Bike Score of 57, and a Transit Score of 53.
The property has alley access and existing garages. Restaurants, cafés, shopping, and major medical centers are nearby, with access to Balboa Park and Downtown San Diego. The address has a Walk Score of 91, a Bike Score of 57, and a Transit Score of 53.
Key Highlights
- Three residences totaling approximately 3,318 square feet
- Unit mix: one 1‑bedroom/1‑bath, one 2‑bedroom/1‑bath, and one 3‑bedroom/2‑bath residence
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,437
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,740
$1.2M
Cap Rate 7%
$849,100
$849.1K
Cap Rate 9%
$660,411
$660.4K
Market Conditions
NOI Build-Up for 3,318 SF
Gross rent
$89.6K $27.00/SF
− Vacancy
−$4.7K −$1.41/SF
EGI
$84.9K $25.59/SF
− OpEx
−$25.5K −$7.68/SF
NOI
$59.4K $17.91/SF
Area
San Diego, CA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,740
Cap Rate 7%
$849,100
Cap Rate 9%
$660,411
Alternative Uses
Best Use
Multifamily LT 5
$849.1K
$743.0K – $990.6K
NOI $59,437 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$783.4K
$685.5K – $914.0K
NOI $54,840 @ 7.0% cap · market cap 3.13%
Theoretical Best
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,736 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,187
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer distinct bedroom configurations, shared outdoor space, and onsite laundry.
Where is this triplex located?
The property is located at 4083 Albatross St San Diego, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Three residences totaling approximately 3,318 square feet; Unit mix: one 1‑bedroom/1‑bath, one 2‑bedroom/1‑bath, and one 3‑bedroom/2‑bath residence; Built in 1910
