Triplex with Vacant
New
For Sale
$975,000
4373 Cherokee, San Diego, CA 92104
A one-bedroom, one-bathroom residence will be delivered vacant.
Property Size1,975 SF
Days on Market3
Property Features for 4373 Cherokee
General Information
Standard status
Active
Size
1,975 SF
Property subtype
Investment
Site & Location
Neighborhood
Normal Heights
Highway Access
Yes
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Building Details
Building Size
1,975 SF
Year Built
1928
Stories
1
Units
3
Listing Agency:
Keller Williams Realty Corona
Listed By:
Julia Calderon · License #01906582
(951) 377-6104
Source:
Elliman
Added: Oct 28
Last Checked: Oct 28 at 3:30PM
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 Corona
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Investment Insights
Based on property information with market context.
This three-unit residential property includes a one-bedroom, one-bathroom apartment that will be delivered vacant. The other two units have long-term tenants, with a history of consistent rental payments. Built in 1928, the property offers a mix of immediate occupancy and existing tenancy within one building.
The property is in San Diego, with access to shopping, dining, and major freeways. Its Walk Score is 91, Bike Score is 55, and Transit Score is 52.
The property is in San Diego, with access to shopping, dining, and major freeways. Its Walk Score is 91, Bike Score is 55, and Transit Score is 52.
Key Highlights
- Three residential units in one building
- One‑bedroom, one‑bathroom unit will be delivered vacant
- Two units have long‑term tenants and a history of consistent rental payments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,379
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,580
$707.6K
Cap Rate 7%
$505,414
$505.4K
Cap Rate 9%
$393,100
$393.1K
Market Conditions
NOI Build-Up for 1,975 SF
Gross rent
$53.3K $27.00/SF
− Vacancy
−$2.8K −$1.41/SF
EGI
$50.5K $25.59/SF
− OpEx
−$15.2K −$7.68/SF
NOI
$35.4K $17.91/SF
Area
San Diego, CA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,580
Cap Rate 7%
$505,414
Cap Rate 9%
$393,100
Alternative Uses
Best Use
Multifamily LT 5
$505.4K
$442.2K – $589.7K
NOI $35,379 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$466.3K
$408.0K – $544.1K
NOI $32,643 @ 7.0% cap · market cap 3.35%
Theoretical Best
Specialty Retail
$780.1K
$682.6K – $910.1K
NOI $54,605 @ 7.0% cap · market cap 5.60%
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
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,147
Businesses Nearby
Explore this area
Business Placement
Demographics for 92104, CA
44,265
Population
24,580
Households
1.8
Avg Household Size
36
Median Age
55%
College-Educated
94%
High-School Grad
3.7 sq mi
ZIP Area
11,964
Density / Sq Mi
$92,862
Median Household Income
$60,195
Median Earnings
$1,925
Median Rent
$861,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - A one-bedroom, one-bathroom residence will be delivered vacant.
Where is this triplex located?
The property is located at 4373 Cherokee San Diego, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Three residential units in one building; One‑bedroom, one‑bathroom unit will be delivered vacant; Two units have long‑term tenants and a history of consistent rental payments
