8-Unit Apartment
New
For Sale
$2,200,000
4205 49th St, San Diego, CA 92115
A varied apartment mix includes homes with one, two, and three bedrooms.
Property Size7,116 SF
Lot Size0.16 Acres
Price / SF$309.16
Days on Market6
Property Features for 4205 49th St
General Information
Standard status
Active
Size
7,116 SF
Lot size
0.16 Acres
Property subtype
Mixed Use
Units
Unit Mix
1 x 3BR/2BA, 1 x 3BR/1BA, 5 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
8
Listing Agency:
Bridgepoint Realty Inc
Listed By:
Alexander Kohl · License #02024212
(619) 906-2133
Source:
Velocityrealtysd
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 13 at 2:10AM
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 Bridgepoint Realty Inc
Investment Insights
Based on property information with market context.
This San Diego apartment property contains 8 units within approximately 7,116 square feet on a 7,051-square-foot parcel. The unit configuration includes one 3-bedroom, 2-bath apartment; one 3-bedroom, 1-bath apartment; five 2-bedroom, 1-bath apartments; and one 1-bedroom, 1-bath apartment.
The property is located in an established residential area of San Diego, with access to neighborhood retail, employment centers, transportation corridors, and destinations across the greater San Diego area.
The property is located in an established residential area of San Diego, with access to neighborhood retail, employment centers, transportation corridors, and destinations across the greater San Diego area.
Key Highlights
- 8 apartments totaling approximately 7,116 SF
- 7,051 SF parcel in San Diego
- One 3‑bedroom/2‑bath unit and one 3‑bedroom/1‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,614
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,352,280
$2.4M
Cap Rate 7%
$1,680,200
$1.7M
Cap Rate 9%
$1,306,822
$1.3M
Market Conditions
NOI Build-Up for 7,116 SF
Gross rent
$226.3K $31.80/SF
− Vacancy
−$12.4K −$1.75/SF
EGI
$213.8K $30.05/SF
− OpEx
−$96.2K −$13.52/SF
NOI
$117.6K $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%
$2,352,280
Cap Rate 7%
$1,680,200
Cap Rate 9%
$1,306,822
Alternative Uses
Best Use
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,614 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.81M
$2.46M – $3.28M
NOI $196,743 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,543
Businesses Nearby
Explore this area
Business Placement
Demographics for 92115, CA
64,251
Population
23,448
Households
2.7
Avg Household Size
30
Median Age
39%
College-Educated
87%
High-School Grad
6.2 sq mi
ZIP Area
10,363
Density / Sq Mi
$75,178
Median Household Income
$36,061
Median Earnings
$1,875
Median Rent
$722,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - A varied apartment mix includes homes with one, two, and three bedrooms.
Where is this apartment building located?
The property is located at 4205 49th St San Diego, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 8 apartments totaling approximately 7,116 SF; 7,051 SF parcel in San Diego; One 3‑bedroom/2‑bath unit and one 3‑bedroom/1‑bath unit
