Stabilized Multifamily with Nine
438 Denby St San Diego San Diego, CA 92102
438 Denby St San Diego, San Diego, CA, 92102
$2,800,000
For Sale
$2,800,000
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 Market11
Property Features for 438 Denby St San Diego
General Information
- Standard status
- Active
- Size
- 4,415 SF
- Lot size
- 0.15 Acres
Listing agency
(909) 328-1567
Listed by
Susy Osterhoudt
(909) 328-1567
Source
Rmarealty
Added: Jul 12 Updated: Jul 22 at 7:58AM Checked: Jul 22 at 7:58AM
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
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
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
