Single-Level 8-Unit Apartment
New
For Sale
Contact for pricing
4343-53 Poplar St, San Diego, CA 92105
Eight one-bedroom residences with patios, shared laundry, courtyard space, and off-street parking in San Diego.
Property Size3,200 SF
Lot Size0.23 Acres
Price / SF$562.50
Days on Market7
Property Features for 4343-53 Poplar St
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
7
Lot size
0.23 Acres
Property subtype
Multifamily
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Amenities
private courtyard
onsite laundry
Building Details
Buildings
2
Stories
1
Units
8
Listing Agency:
Apartment Realty Group (ARG)
(858) 247-2487
Listed By:
Caleb Mancini · License #02253641
Source:
Crexi
Added: Aug 6
Changed: Aug 10
Last Checked: Aug 11 at 8:23AM
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 Apartment Realty Group (ARG)
Investment Insights
Based on property information with market context.
This single-level apartment property contains 8 one-bedroom, one-bath residences within approximately 3,200 square feet. Each unit has a small private back patio, while several residences have already been renovated. Common amenities include a private courtyard and onsite laundry. A vacant unit is available for showing.
The property occupies a 9,828-square-foot lot and provides 7 off-street parking spaces. Its San Diego location and compact unit configuration support a straightforward multifamily layout, with shared outdoor and laundry amenities serving the residences.
The property occupies a 9,828-square-foot lot and provides 7 off-street parking spaces. Its San Diego location and compact unit configuration support a straightforward multifamily layout, with shared outdoor and laundry amenities serving the residences.
Key Highlights
- 8 one‑bedroom, one‑bath apartment units
- Single‑level layout within 3,200 SF
- 9,828 SF lot with a private courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,875
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,197,500
$1.2M
Cap Rate 7%
$855,357
$855.4K
Cap Rate 9%
$665,278
$665.3K
Market Conditions
NOI Build-Up for 3,200 SF
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.
Gross rent
$115.2K $36.00/SF
− Vacancy
−$6.3K −$1.98/SF
EGI
$108.9K $34.02/SF
− OpEx
−$49.0K −$15.31/SF
NOI
$59.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,197,500
Cap Rate 7%
$855,357
Cap Rate 9%
$665,278
Alternative Uses
Best Use
Apartment 5plus
$855.4K
$748.4K – $997.9K
NOI $59,875 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.26M
$1.11M – $1.47M
NOI $88,474 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
470
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight one-bedroom residences with patios, shared laundry, courtyard space, and off-street parking in San Diego.
Where is this apartment building located?
The property is located at 4343-53 Poplar St San Diego, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 8 one‑bedroom, one‑bath apartment units; Single‑level layout within 3,200 SF; 9,828 SF lot with a private courtyard
