9-Unit Apartment
4357-63 39th Street, San Diego, CA 92105
For Sale
$2,800,000
Nine one-bedroom, one-bath residences have updated interiors and new appliances.
Property Size5,080 SF
Lot Size0.29 Acres
Price / SF$551.18
Days on Market55
Property Features for 4357-63 39th Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Year Renovated
Stories
Listing Agency:
NorthMarq Multifamily
Listed By:
Benn Vogelsang · License CA #01883437
(415) 250-4947
Source:
Bookmarkrealty
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 10 at 4:54PM
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 NorthMarq Multifamily
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Investment Insights
Based on property information with market context.
The property comprises nine apartments in multiple single-story buildings, with a combined building area of 5,080 square feet. Each residence has one bedroom and one bathroom. The buildings date to 1926 and underwent renovation in 2025, including complete interior remodeling. Interior features include vinyl plank flooring, canned lighting, ceiling fans, window coverings, electric wall heaters, and new appliances. Kitchens and bathrooms received new cabinetry, fixtures, hardware, and quartz countertops. Additional work included a new roof, stucco repairs, exterior painting, doors, landscaping, and plumbing replacement with copper and ABS as needed. New electrical subpanels serve the wall heaters.
The main parcel measures 12,666 square feet. The property includes nine garages; four are located at 4358 40th Street on a separate 1,752-square-foot parcel. The apartment property is addressed at 4357-63 39th Street in San Diego, California.
The main parcel measures 12,666 square feet. The property includes nine garages; four are located at 4358 40th Street on a separate 1,752-square-foot parcel. The apartment property is addressed at 4357-63 39th Street in San Diego, California.
Key Highlights
- Nine apartments, each with one bedroom and one bathroom
- 5,080‑square‑foot building area across multiple single‑story structures
- Nine garages, including four on a separate 1,752‑square‑foot parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,052
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,901,040
$1.9M
Cap Rate 7%
$1,357,886
$1.4M
Cap Rate 9%
$1,056,133
$1.1M
Market Conditions
NOI Build-Up for 5,080 SF
Gross rent
$182.9K $36.00/SF
− Vacancy
−$10.1K −$1.98/SF
EGI
$172.8K $34.02/SF
− OpEx
−$77.8K −$15.31/SF
NOI
$95.1K $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%
$1,901,040
Cap Rate 7%
$1,357,886
Cap Rate 9%
$1,056,133
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.58M
NOI $95,052 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.34M
NOI $140,452 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
2,313
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
$593,800
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in San Diego, CA
Properties on Market for Apartment buildings in San Diego
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Nine one-bedroom, one-bath residences have updated interiors and new appliances.
Where is this apartment building located?
The property is located at 4357-63 39th 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: Nine apartments, each with one bedroom and one bathroom; 5,080‑square‑foot building area across multiple single‑story structures; Nine garages, including four on a separate 1,752‑square‑foot parcel
