Corner Lot Multifamily with
4103-5 C Street San Diego, CA 92102
For Sale
Contact for pricing
Four-unit multifamily property with plans for two additional two-bedroom units, featuring corner-lot access and multiple structures.
Property Size3,118 SF
Lot Size0.13 Acres
Price / SF$415.33
Days on Market68
Property Features for 4103-5 C Street
General Information
- Standard status
- Active
- Size
- 3,118 SF
- Lot size
- 0.13 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1951
Listing Agency:
NorthMarq - San Diego
(415) 250-4947
Listed By:
Benn Vogelsang · License #CA DRE 01883437
Source:
Crexi
Added: May 19
Changed: Jul 23
Last Checked: Jul 25 at 9:19AM
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 NorthMarq - San Diego
Investment Insights
Based on property information with market context.
4103-5 C Street is a corner-lot multifamily property built around 1951 and currently configured as a 4-unit offering totaling 3,118 sq. ft. across multiple structures. The front two-story building includes a second-level 3-bedroom/1-bath unit above a 2-bedroom/1-bath ADU, along with a separate 1-bedroom/1-bath unit. A separate 3-bedroom/1-bath house fronts 41st Street, and there is a rear pad planned for the construction of two additional 2-bedroom ADUs.
The property is described as having brick/stucco construction and a composition roof, with utility hookups already in place. City views are noted from parts of the property. After ADU construction, there will be 5+ parking spaces including tandem. The site includes alley access, which supports the rear ADU development.
Conveniently located near Costco, major freeways, public transit, parks, and everyday amenities, the Mount Hope area is described as an established community with access to both residential and commercial uses.
The property is described as having brick/stucco construction and a composition roof, with utility hookups already in place. City views are noted from parts of the property. After ADU construction, there will be 5+ parking spaces including tandem. The site includes alley access, which supports the rear ADU development.
Conveniently located near Costco, major freeways, public transit, parks, and everyday amenities, the Mount Hope area is described as an established community with access to both residential and commercial uses.
Key Highlights
- 4‑unit property built around 1951 totaling 3,118 sq ft on a 5,871 sq ft corner lot in the Mount Hope neighborhood
- Plans in place to add two additional 2‑bedroom units, including a rear pad for the new 2‑bedroom ADUs
- Current unit mix includes 3 BD/1 BA plus 2 BD/1 BA ADU and 1 BD/1 BA in the front two‑story structure
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 | $99.2k | $31.80 |
| − Vacancy | −$5.5k | −$1.75 |
| EGI | $93.7k | $30.05 |
| − OpEx | −$42.2k | −$13.52 |
| NOI | $51.5k | $16.53 |
3,118 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$736.2K
$644.2K – $858.9K
NOI $51,534 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,206 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Four-unit multifamily property with plans for two additional two-bedroom units, featuring corner-lot access and multiple structures.
Where is this apartment building located?
The property is located at 4103-5 C Street San Diego, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 4‑unit property built around 1951 totaling 3,118 sq ft on a 5,871 sq ft corner lot in the Mount Hope neighborhood; Plans in place to add two additional 2‑bedroom units, including a rear pad for the new 2‑bedroom ADUs; Current unit mix includes 3 BD/1 BA plus 2 BD/1 BA ADU and 1 BD/1 BA in the front two‑story structure
