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10-Unit Apartment Building
New
For Sale
$3,450,000

4430 Campus Avenue, San Diego, CA 92116

Residential Income, San Diego, CA

Property Size6,854 SF
Lot Size0.16 Acres
Price / SF$503.36
Days on Market1

Property Features for 4430 Campus Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R3
Bedrooms 7
Bathrooms 7
Full bathrooms 6
Half bathrooms 1
Rooms Bedroom 6, Bathroom 7, Bathroom 4, Bedroom 4, Bathroom 5, Bathroom 3, Bathroom 2, Bathroom 6, Bedroom 3, Bedroom 1, Bedroom 7, Bedroom 2, Bathroom 1, Bedroom 5
Parking 10
Subdivision SAN DIEGO (92116)
Standard status Active
APN 445-190-23-00
Size 6,854 SF
Lot size 0.16 Acres

Utilities

Heating system Radiant
Cooling system Wall/Window Unit(s)

Amenities

on-site laundry

Building Details

Number of units 10
Flooring type Slab, Wood
Listing Agency: Dunn, REALTORS/Park Pacific
Listed By: Bob Bruce · License #00788397
Added: Oct 14 Last Checked: Oct 14 at 6:06PM
MLS# 260024825

Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 6,854-square-foot apartment property contains 10 units: one two-bedroom, two-bath residence, two two-bedroom, one-and-a-half-bath residences, and seven one-bedroom, one-bath residences. Renovated interiors feature stainless steel appliances, granite countertops, luxury vinyl plank flooring, mirrored closet doors, and air conditioning in every unit. The building also has on-site laundry and 10 dedicated off-street parking spaces.

The property is in San Diego’s University Heights area, near shopping and restaurants, with freeway access. Reported occupancy is 100%, and the zoning is R3.

Key Highlights

  • 10 apartments totaling 6,854 square feet
  • Unit mix: one 2BR/2BA, two 2BR/1.5BA, and seven 1BR/1BA residences
  • Renovated interiors with stainless steel appliances, granite countertops, and luxury vinyl plank flooring

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$113,283
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,265,660 $2.3M
Cap Rate 7%
$1,618,329 $1.6M
Cap Rate 9%
$1,258,700 $1.3M
Market Conditions
NOI Build-Up for 6,854 SF
Gross rent
$218.0K $31.80/SF
− Vacancy
−$12.0K −$1.75/SF
EGI
$206.0K $30.05/SF
− OpEx
−$92.7K −$13.52/SF
NOI
$113.3K $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%
$2,265,660
Cap Rate 7%
$1,618,329
Cap Rate 9%
$1,258,700

Alternative Uses

Best Use
Apartment 5plus
$1.62M
$1.42M – $1.89M (±1% cap)
NOI $113,283 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.71M
$2.37M – $3.16M (±1% cap)
NOI $189,499 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Food Market Electrical Service HVAC Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,554
Businesses Nearby

Demographics for 92116, CA

31,523
Population
17,827
Households
1.8
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
9,271
Density / Sq Mi
$95,775
Median Household Income
$63,420
Median Earnings
$1,903
Median Rent
$898,500
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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated residences offer air conditioning, on-site laundry, and dedicated off-street parking.
Where is this apartment building located?
The property is located at 4430 Campus Avenue San Diego, CA.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: 10 apartments totaling 6,854 square feet; Unit mix: one 2BR/2BA, two 2BR/1.5BA, and seven 1BR/1BA residences; Renovated interiors with stainless steel appliances, granite countertops, and luxury vinyl plank flooring
More about this property
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