Duplex with Private Outdoor
New
For Sale
$950,000
4223 Landis St, San Diego, CA 92105
Two two-bedroom residences sit on a City Heights lot, with a one-car garage assigned to the rear unit.
Property Size1,732 SF
Lot Size0.09 Acres
Price / SF$548.50
Days on Market2
Property Features for 4223 Landis St
General Information
Standard status
Active
Size
1,732 SF
Total Parking Spaces
1
Lot size
0.09 Acres
Property subtype
Investment
Site & Location
Neighborhood
Castle
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private outdoor spaces
Building Details
Year Built
1926
Buildings
1
Stories
1
Units
2
Listing Agency:
Whitewater CRE Inc
Listed By:
Carson Trujillo · License #01974818
(859) 433-8741
Source:
Elliman
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 23 at 5:20PM
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 Whitewater CRE Inc
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Investment Insights
Based on property information with market context.
Built in 1926, this San Diego duplex contains two units, each with two bedrooms and one bathroom. The front residence has a remodeled kitchen, an updated bathroom, and new flooring; the rear residence is described as needing renovation. Both units have private outdoor areas, and a one-car garage serves the rear unit. The property totals approximately 1,732 square feet on a 4,004-square-foot lot. Improvements include a newer roof and upgraded electrical.
In City Heights, the property is near University Avenue, shopping, dining, public transit, and major freeways. Its Walk Score is 93, Bike Score is 59, and Transit Score is 55.
In City Heights, the property is near University Avenue, shopping, dining, public transit, and major freeways. Its Walk Score is 93, Bike Score is 59, and Transit Score is 55.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Approximately 1,732 square feet on a 4,004‑square‑foot lot
- Front unit has a remodeled kitchen, updated bathroom, and new flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,163
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,260
$703.3K
Cap Rate 7%
$502,329
$502.3K
Cap Rate 9%
$390,700
$390.7K
Market Conditions
NOI Build-Up for 1,732 SF
Gross rent
$53.0K $30.60/SF
− Vacancy
−$2.8K −$1.60/SF
EGI
$50.2K $29.00/SF
− OpEx
−$15.1K −$8.70/SF
NOI
$35.2K $20.30/SF
Area
ZIP 92105
Vacancy
5.22%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,260
Cap Rate 7%
$502,329
Cap Rate 9%
$390,700
Alternative Uses
Best Use
Multifamily LT 5
$502.3K
$439.5K – $586.1K
NOI $35,163 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$463.0K
$405.1K – $540.1K
NOI $32,407 @ 7.0% cap · market cap 3.41%
Theoretical Best
Specialty Retail
$684.1K
$598.6K – $798.1K
NOI $47,886 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,300
Businesses Nearby
Explore this area
Business Placement
Demographics for 92105, CA
66,579
Population
23,862
Households
2.8
Avg Household Size
34
Median Age
21%
College-Educated
71%
High-School Grad
5.8 sq mi
ZIP Area
11,479
Density / Sq Mi
$65,174
Median Household Income
$34,469
Median Earnings
$1,687
Median Rent
$593,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom residences sit on a City Heights lot, with a one-car garage assigned to the rear unit.
Where is this duplex located?
The property is located at 4223 Landis St San Diego, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Approximately 1,732 square feet on a 4,004‑square‑foot lot; Front unit has a remodeled kitchen, updated bathroom, and new flooring
