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16-Unit Renovated Apartment Building
New
For Sale
$5,400,000

4205 Noyes, San Diego, CA 92109

Junior one-bedroom residences are complemented by 15 off-street parking spaces and updated interior finishes.

Property Size4,848 SF
Days on Market6

Property Features for 4205 Noyes

General Information

Standard status Active
Size 4,848 SF
Total Parking Spaces 15
Property subtype Apartment

Financials

Asking Price $5,400,000
Cap Rate 4.64%
Gross Rent Multiplier 13.21
Average Monthly Rent $2,046

Units

Unit Mix 16 x junior one-bedroom
Multifamily Units 16

Additional Details

Road Access Yes

Building Details

Building Size 4,848 SF
Year Built 1959
Year Renovated 2021
Buildings 1
Stories 2
Listing Agency: Salvatore Joseph Provenza Jr
Listed By: Tosh Everett · License #02212773
Source: Velocityrealtysd
Added: Oct 12 Changed: Oct 15 Last Checked: Oct 16 at 5:24PM

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 Salvatore Joseph Provenza Jr

Rey
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Investment Insights

Based on property information with market context.

The Roxy is a two-story, 16-unit apartment property at 4205 Noyes Street in San Diego. Built in 1959, it underwent a comprehensive renovation in 2021, including a new roof and electrical and plumbing upgrades. The junior one-bedroom residences average approximately 450 SF. Interiors feature updated kitchens with stainless appliances, plank flooring, ceiling fans, and remodeled bathrooms; seafoam-colored doors, iron railings, and lantern lighting continue the coastal design outdoors. The property has 15 off-street parking spaces.

At the corner of Noyes Street and Oliver Avenue, the building is north of Kendall-Frost Mission Bay Marsh Reserve. The Mission Bay shoreline is within walking distance, while the Pacific Beach boardwalk, Garnet Avenue, and the coast are a short ride away.

Key Highlights

  • 16‑unit, two‑story apartment building
  • Comprehensive renovation completed in 2021
  • 16 junior one‑bedroom homes averaging +-450 SF

Property Analytics

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Current Use

Vista Bahia Studios Apartment Building

Suggested Use

Top Pick Law Firm Food Market Parking Lot & Garage Grocery & Convenience Store Daycare Center Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,734
Businesses Nearby

Demographics for 92109, CA

44,671
Population
26,503
Households
1.7
Avg Household Size
35
Median Age
70%
College-Educated
97%
High-School Grad
7.6 sq mi
ZIP Area
5,878
Density / Sq Mi
$118,300
Median Household Income
$71,054
Median Earnings
$2,362
Median Rent
$1,136,000
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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Junior one-bedroom residences are complemented by 15 off-street parking spaces and updated interior finishes.
Where is this apartment building located?
The property is located at 4205 Noyes San Diego, CA.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: 16‑unit, two‑story apartment building; Comprehensive renovation completed in 2021; 16 junior one‑bedroom homes averaging +-450 SF
More about this property
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