Stabilized Multifamily with Nine
For Sale
$2,800,000
438 Denby St San Diego, San Diego, CA 92102
Fully stabilized multifamily with nine units across five detached structures, including one remodeled home and eight new rear units.
Property Size4,415 SF
Lot Size0.15 Acres
Price / SF$634.20
Days on Market33
Property Features for 438 Denby St San Diego
General Information
Standard status
Active
Size
4,415 SF
Lot size
0.15 Acres
Net Operating Income
$168,027
Additional Details
Cap Rate
6%
Multifamily Units
9
Amenities
false
true
5
Building Details
Buildings
5
Tenancy
Multi
Listing Agency:
(909) 328-1567
Listed By:
Susy Osterhoudt
(909) 328-1567
Source:
Rmarealty
Added: Jul 12
Changed: Aug 12
Last Checked: Aug 13 at 3:21AM
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 Susy Osterhoudt
Investment Insights
Based on property information with market context.
This stabilized multifamily property offers nine units on five detached structures, providing a mix that includes one fully remodeled detached single-family home and eight brand-new construction units completed in 2026 at the rear. The remodeled unit is a 2-bedroom, 1-bath configuration, and the remaining units include 2-bedroom, 1-bath and multiple 1-bedroom, 1-bath apartments. The property totals approximately 4,415 rentable square feet on a 6,573-square-foot parcel.
The offering is described as fully stabilized with in-place monthly and annual gross income, and it is presented as having eight of the nine units AB 1482 exempt from rent control limitations. All utilities are sub-metered, shifting utility costs to residents, and the brand-new rear units are indicated as separately metered.
Operations are turnkey per the seller’s description, with the property positioned for day-one cash flow at delivery. The rent structure and separate metering across remodeled and new construction are intended to reduce lease-up or renovation execution needs.
The offering is described as fully stabilized with in-place monthly and annual gross income, and it is presented as having eight of the nine units AB 1482 exempt from rent control limitations. All utilities are sub-metered, shifting utility costs to residents, and the brand-new rear units are indicated as separately metered.
Operations are turnkey per the seller’s description, with the property positioned for day-one cash flow at delivery. The rent structure and separate metering across remodeled and new construction are intended to reduce lease-up or renovation execution needs.
Key Highlights
- 9‑unit multifamily on five detached structures totaling approx. 4,415 rentable SF on a 6,573 SF parcel
- Fully stabilized income includes $19,600 monthly and $235,200 annual gross with no lease‑up, renovation, or rent‑repositioning required
- Includes one remodeled detached 2BD/1BA home plus 8 brand‑new rear construction units completed in 2026
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 92102, CA
39,783
Population
15,622
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
80%
High-School Grad
4.5 sq mi
ZIP Area
8,841
Density / Sq Mi
$71,319
Median Household Income
$40,142
Median Earnings
$1,855
Median Rent
$646,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully stabilized multifamily with nine units across five detached structures, including one remodeled home and eight new rear units.
Where is this apartment building located?
The property is located at 438 Denby St San Diego 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: 9‑unit multifamily on five detached structures totaling approx. 4,415 rentable SF on a 6,573 SF parcel; Fully stabilized income includes $19,600 monthly and $235,200 annual gross with no lease‑up, renovation, or rent‑repositioning required; Includes one remodeled detached 2BD/1BA home plus 8 brand‑new rear construction units completed in 2026
