17-Unit Gated Apartment
For Sale
$2,800,000
Pending
4226 41st Street, San Diego, CA 92105
Residential Income, San Diego, CA
Property Size7,500 SF
Lot Size0.14 Acres
Days on Market49
Property Features for 4226 41st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
14
Bathrooms
17
Full bathrooms
17
Rooms
Bathroom 10, Bathroom 16, Bedroom 2, Bathroom 5, Bedroom 3, Bedroom 12, Bathroom 7, Bedroom 7, Bedroom 10, Bedroom 8, Bathroom 17, Bedroom 11, Bedroom 4, Bathroom 15, Bathroom 13, Bedroom 6, Bathroom 8, Bathroom 14, Bathroom 9, Bathroom 12, Bathroom 4, Bathroom 3, Bedroom 9, Bedroom 5, Bathroom 1, Bathroom 11, Bedroom 14, Bathroom 2, Bathroom 6, Bedroom 1, Bedroom 13
Parking
5
Subdivision
EAST SAN DIEGO (92105)
Standard status
Pending
APN
454-742-18-00
Size
7,500 SF
Lot size
0.14 Acres
Utilities
Cooling system
Wall/Window Unit(s)
Amenities
gated
air conditioning
on-site laundry
Building Details
Number of units
17
Listing Agency:
San Terra Properties
(858) 832-7800
Listed By:
Kim Klecan · License #00959397
(619) 261-9612
Added: Sep 2
Changed: Sep 28
Last Checked: Oct 20 at 12:06PM
MLS# 260021529
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 17-unit apartment property encompasses 7,500 square feet on a 0.1436-acre parcel at 4226 41st Street in San Diego. The gated community currently operates for residents age 62 and older. Individual units include air conditioning, while shared amenities include an elevator and on-site laundry. Several apartments have been renovated, with additional units offering upgrade potential.
The property is located in City Heights near Teralta Park, with access to Interstate 15 and central San Diego destinations. Shopping, dining, parks, public transportation, and everyday services are located nearby. Its position within a Sustainable Development Area makes the property eligible for the Complete Communities Housing Solutions program.
The property is located in City Heights near Teralta Park, with access to Interstate 15 and central San Diego destinations. Shopping, dining, parks, public transportation, and everyday services are located nearby. Its position within a Sustainable Development Area makes the property eligible for the Complete Communities Housing Solutions program.
Key Highlights
- 17‑unit apartment property with 7,500 square feet of building area
- Gated 62+ community in City Heights
- 0.1436‑acre parcel at 4226 41st Street, San Diego, CA 92105
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
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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 - Gated community with elevator, air conditioning, and on-site laundry.
Where is this apartment building located?
The property is located at 4226 41st Street 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‑unit apartment property with 7,500 square feet of building area; Gated 62+ community in City Heights; 0.1436‑acre parcel at 4226 41st Street, San Diego, CA 92105
