Nine-Unit Apartment
4161 Arizona Street San Diego, CA 92104
For Sale
$3,100,000
Nine-unit apartment building offers seven bedroom-bath variations with on-site laundry and dedicated off-street parking.
Property Size6,320 SF
Price / SF$490.51
Days on Market75
Property Features for 4161 Arizona Street
General Information
- Standard status
- Active
- Size
- 6,320 SF
- Property subtype
- Commercial-Res Income / Com-Res Income
Listing Agency:
Conor Brennan, Broker
(720) 841-8139
Listed By:
Conor M Brennan · License #01918598
(720) 841-8139
Source:
Compass
Added: May 12
Changed: Jul 23
Last Checked: Jul 25 at 12:04PM
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 Conor Brennan, Broker
Investment Insights
Based on property information with market context.
This nine-unit apartment community was built in 1966 and features a mix of three 2-bedroom/1-bath units and six 1-bedroom/1-bath units. The property includes nine dedicated off-street parking spaces and operates with on-site laundry. Recent improvements include a recently upgraded main electrical panel and partial upgrades to sub-panels.
The building is located at 4161 Arizona Street in San Diego’s North Park area. The availability of on-site parking is a practical advantage, particularly where parking demand is typically high.
With its unit mix and existing on-site amenities, the property is well-suited for an investor seeking an income-producing multifamily asset with documented electrical upgrades and established day-to-day operations.
The building is located at 4161 Arizona Street in San Diego’s North Park area. The availability of on-site parking is a practical advantage, particularly where parking demand is typically high.
With its unit mix and existing on-site amenities, the property is well-suited for an investor seeking an income-producing multifamily asset with documented electrical upgrades and established day-to-day operations.
Key Highlights
- Nine‑unit apartment community built in 1966 with 2 stories and 9 total bathrooms
- Unit mix: three 2‑bedroom/1‑bath units and six 1‑bedroom/1‑bath units
- On‑site laundry for residents
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 | $201.0k | $31.80 |
| − Vacancy | −$11.1k | −$1.75 |
| EGI | $189.9k | $30.05 |
| − OpEx | −$85.5k | −$13.52 |
| NOI | $104.5k | $16.53 |
6,320 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.49M
$1.31M – $1.74M
NOI $104,457 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.50M
$2.18M – $2.91M
NOI $174,735 @ 7.0% cap · market cap 5.64%
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 - Nine-unit apartment building offers seven bedroom-bath variations with on-site laundry and dedicated off-street parking.
Where is this apartment building located?
The property is located at 4161 Arizona Street San Diego, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Nine‑unit apartment community built in 1966 with 2 stories and 9 total bathrooms; Unit mix: three 2‑bedroom/1‑bath units and six 1‑bedroom/1‑bath units; On‑site laundry for residents
