5-Unit Multifamily
4112 Bannock Avenue San Diego, CA 92117
4112 Bannock Avenue, San Diego, CA, 92117
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For Sale
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Five-unit apartment building with off-street parking, including three 2-bedroom/1-bath cottages and two 3-bedroom/2-bath units.
Property Size4,900 SF
Price / SF$495.71
Days on Market10
Property Features for 4112 Bannock Avenue
General Information
- Standard status
- Active
- Size
- 4,900 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1954
Listing Agency
Marcus & Millichap - San Diego
Listed by
Graeme Henderson · License #02068512
Source
Crexi
Added: Jul 9 Checked: Jul 17 at 6:28 am
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
Situated at 4112 Bannock Avenue, this 5-unit multifamily property offers an attractive unit mix and off-street parking. The layout includes three 2-bedroom/1-bath cottage-style units and two larger 3-bedroom/2-bath units, with private garages for the larger homes.
Located in the Clairemont area of San Diego, the property is positioned between Tecolote Canyon Natural Park and Mission Bay Park. Interstate 8 provides convenient regional connectivity, with Downtown San Diego approximately 7 miles away, San Diego International Airport about 6 miles away, and the University of San Diego roughly 3 miles from the property.
The combination of cottage-style 2-bedroom units and 3-bedroom/2-bath homes with private garages creates a practical balance of unit sizes within a single, income-producing asset.
Located in the Clairemont area of San Diego, the property is positioned between Tecolote Canyon Natural Park and Mission Bay Park. Interstate 8 provides convenient regional connectivity, with Downtown San Diego approximately 7 miles away, San Diego International Airport about 6 miles away, and the University of San Diego roughly 3 miles from the property.
The combination of cottage-style 2-bedroom units and 3-bedroom/2-bath homes with private garages creates a practical balance of unit sizes within a single, income-producing asset.
Key Highlights
- 5‑unit multifamily property built in 1954 in San Diego’s Clairemont neighborhood
- Unit mix includes three 2 bed/1 bath cottage‑style units and two 3 bed/2 bath units
- Off‑street parking plus private garages for the 3‑bedroom/2‑bath units
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 | $155.8k | $31.80 |
| − Vacancy | −$8.6k | −$1.75 |
| EGI | $147.2k | $30.05 |
| − OpEx | −$66.3k | −$13.52 |
| NOI | $81.0k | $16.53 |
4,900 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $80,987 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.94M
$1.69M – $2.26M
NOI $135,475 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit apartment building with off-street parking, including three 2-bedroom/1-bath cottages and two 3-bedroom/2-bath units.
Where is this apartment building located?
The property is located at 4112 Bannock Avenue San Diego, CA.
What is the asking price?
The asking price for this property is $2,429,000.
What are key features of this property?
This property features: 5‑unit multifamily property built in 1954 in San Diego’s Clairemont neighborhood; Unit mix includes three 2 bed/1 bath cottage‑style units and two 3 bed/2 bath units; Off‑street parking plus private garages for the 3‑bedroom/2‑bath units
