Multifamily Income
For Sale
$1,450,000
Pending
4373 51st St St, San Diego, CA 92115
Well-appointed rental building with a mix of one- and three-bedroom units, plus on-site laundry and tenant storage.
Property Size3,658 SF
Lot Size0.14 Acres
Days on Market410
Property Features for 4373 51st St St
General Information
Standard status
Pending
Size
3,658 SF
Lot size
0.14 Acres
Property subtype
Commercial/Industrial
Additional Details
Opportunity Zone
Yes
Multifamily Units
7
Listing Agency:
Keller Williams Realty
(858) 720-1900
Listed By:
Jordan Concepcion · License #01936834
(858) 461-9910
Source:
Exitrealty
Added: Aug 31, 2025
Changed: Sep 1
Last Checked: Sep 15 at 5:10AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
The property is a multifamily income building on a 6,250 square foot lot, consisting of one 3-bedroom/2-bath unit and six 1-bedroom/1-bath units totaling approximately 3,658 rentable square feet. Interior upgrades include laminate flooring, recessed lighting, kitchen bar tops, stainless steel appliances, and quartz countertops.
Tenants have access to two two-car garages and five storage lockers, along with on-site laundry. The opportunity zone designation is noted in the seller’s remarks.
For buyers seeking an owner-operated or investment-focused multifamily with a unit mix that includes both one-bedroom and a larger three-bedroom layout, this configuration supports diversified residential demand. The building’s in-unit improvements and dedicated tenant storage and garage access are practical amenities for prospective residents.
Tenants have access to two two-car garages and five storage lockers, along with on-site laundry. The opportunity zone designation is noted in the seller’s remarks.
For buyers seeking an owner-operated or investment-focused multifamily with a unit mix that includes both one-bedroom and a larger three-bedroom layout, this configuration supports diversified residential demand. The building’s in-unit improvements and dedicated tenant storage and garage access are practical amenities for prospective residents.
Key Highlights
- Situated on a 6,250 SF lot with a total of approx. 3,658 rentable SF across one 3BD/2BA unit and six 1BD/1BA units
- Interior upgrades include laminate flooring, recessed lighting, kitchen bar tops, stainless steel appliances, and quartz countertops
- On‑site laundry available for tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,460
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,200
$1.2M
Cap Rate 7%
$863,714
$863.7K
Cap Rate 9%
$671,778
$671.8K
Market Conditions
NOI Build-Up for 3,658 SF
Gross rent
$116.3K $31.80/SF
− Vacancy
−$6.4K −$1.75/SF
EGI
$109.9K $30.05/SF
− OpEx
−$49.5K −$13.52/SF
NOI
$60.5K $16.53/SF
Area
San Diego, CA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,200
Cap Rate 7%
$863,714
Cap Rate 9%
$671,778
Alternative Uses
Best Use
Apartment 5plus
$863.7K
$755.8K – $1.01M
NOI $60,460 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.69M
NOI $101,136 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,454
Businesses Nearby
Explore this area
Business Placement
Demographics for 92115, CA
64,251
Population
23,448
Households
2.7
Avg Household Size
30
Median Age
39%
College-Educated
87%
High-School Grad
6.2 sq mi
ZIP Area
10,363
Density / Sq Mi
$75,178
Median Household Income
$36,061
Median Earnings
$1,875
Median Rent
$722,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-appointed rental building with a mix of one- and three-bedroom units, plus on-site laundry and tenant storage.
Where is this apartment building located?
The property is located at 4373 51st St St San Diego, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Situated on a 6,250 SF lot with a total of approx. 3,658 rentable SF across one 3BD/2BA unit and six 1BD/1BA units; Interior upgrades include laminate flooring, recessed lighting, kitchen bar tops, stainless steel appliances, and quartz countertops; On‑site laundry available for tenants
