8-Unit Multifamily
For Sale
$2,850,000
4221 Kansas Street, San Diego, CA 92104
Eight 2-bedroom, 1-bath units with on-site laundry and five off-street parking spaces near I-805 and I-15.
Property Size6,736 SF
Price / SF$423.10
Days on Market73
Property Features for 4221 Kansas Street
General Information
Standard status
Active
Size
6,736 SF
Total Parking Spaces
5
Property subtype
Commercial
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Additional Details
Highway Access
Yes
Amenities
on-site laundry
Building Details
Year Built
1956
Listing Agency:
Marcus & Millichap
Listed By:
Thomas McCartin
(714) 731-3777
Source:
Sevengables
Added: May 20
Changed: Jul 30
Last Checked: Jul 30 at 4:55AM
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
Investment Insights
Based on property information with market context.
4221-27 Kansas Street is an eight-unit multifamily property built in 1956. The building offers eight (8) 2-bedroom, 1-bath units totaling approximately 6,736 square feet, with a consistent unit mix. The property includes five (5) off-street parking spaces and on-site laundry.
Units are described as being in good overall condition, with several recently updated. The property is located in North Park near restaurants, retail, and local amenities, with access to Interstate 805 and Interstate 15.
This configuration supports tenants who want a straightforward 2-bedroom layout within a multi-unit building, complemented by on-site laundry and off-street parking.
Units are described as being in good overall condition, with several recently updated. The property is located in North Park near restaurants, retail, and local amenities, with access to Interstate 805 and Interstate 15.
This configuration supports tenants who want a straightforward 2-bedroom layout within a multi-unit building, complemented by on-site laundry and off-street parking.
Key Highlights
- Built in 1956
- Eight (8) 2‑bedroom, 1‑bath units totaling approx. 6,736 SF
- On‑site laundry
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 | $214.2k | $31.80 |
| − Vacancy | −$11.8k | −$1.75 |
| EGI | $202.4k | $30.05 |
| − OpEx | −$91.1k | −$13.52 |
| NOI | $111.3k | $16.53 |
6,736 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.39M – $1.86M
NOI $111,333 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.66M
$2.33M – $3.10M
NOI $186,237 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,921
Businesses Nearby
Explore this area
Business Placement
Demographics for 92104, CA
44,265
Population
24,580
Households
1.8
Avg Household Size
36
Median Age
55%
College-Educated
94%
High-School Grad
3.7 sq mi
ZIP Area
11,964
Density / Sq Mi
$92,862
Median Household Income
$60,195
Median Earnings
$1,925
Median Rent
$861,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight 2-bedroom, 1-bath units with on-site laundry and five off-street parking spaces near I-805 and I-15.
Where is this apartment building located?
The property is located at 4221 Kansas Street San Diego, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Built in 1956; Eight (8) 2‑bedroom, 1‑bath units totaling approx. 6,736 SF; On‑site laundry
