17-Unit Gated Apartment
For Sale
$2,800,000
Pending
4226 41st St, San Diego, CA 92105
An elevator, on-site laundry and air conditioning serve the residential units.
Property Size7,500 SF
Days on Market87
Property Features for 4226 41st St
General Information
Standard status
Pending
Size
7,500 SF
Elevators
Yes
Property subtype
Multi-Family
Site & Location
Neighborhood
Teralta West
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
17
Amenities
gated
air conditioning
on-site laundry
Listing Agency:
San Terra Properties
Listed By:
Kim Klecan kim@santerraproperties.com
Source:
Viewsandiegorealestate
Added: Jul 30
Changed: Oct 21
Last Checked: Oct 23 at 7:07AM
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 San Terra Properties
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Investment Insights
Based on property information with market context.
This gated apartment property contains 17 units across 7,500 square feet. Air conditioning is installed in every unit, and residents have access to an elevator and on-site laundry. Some units have been renovated, while others remain in their existing condition. The property currently operates as a 62+ community.
The property is in City Heights near Teralta Park, with access to Interstate 15. Downtown San Diego, surrounding neighborhoods, shopping, dining, parks, public transportation and everyday services are also nearby. Its location within a Sustainable Development Area makes it eligible for the Complete Communities Housing Solutions program.
The property is in City Heights near Teralta Park, with access to Interstate 15. Downtown San Diego, surrounding neighborhoods, shopping, dining, parks, public transportation and everyday services are also nearby. Its location within a Sustainable Development Area makes it eligible for the Complete Communities Housing Solutions program.
Key Highlights
- 17 residential units in a gated apartment property
- 7,500 square feet of property size
- Operating as a 62+ community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,333
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,806,660
$2.8M
Cap Rate 7%
$2,004,757
$2.0M
Cap Rate 9%
$1,559,256
$1.6M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$270.0K $36.00/SF
− Vacancy
−$14.9K −$1.98/SF
EGI
$255.2K $34.02/SF
− OpEx
−$114.8K −$15.31/SF
NOI
$140.3K $18.71/SF
Area
ZIP 92105
Vacancy
5.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,806,660
Cap Rate 7%
$2,004,757
Cap Rate 9%
$1,559,256
Alternative Uses
Best Use
Apartment 5plus
$2.00M
$1.75M – $2.34M
NOI $140,333 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.96M
$2.59M – $3.46M
NOI $207,360 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
17
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,818
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - An elevator, on-site laundry and air conditioning serve the residential units.
Where is this apartment building located?
The property is located at 4226 41st St San Diego, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 17 residential units in a gated apartment property; 7,500 square feet of property size; Operating as a 62+ community
