Turnkey Three-Unit Multifamily
For Sale
$1,860,000
Pending
4454-4460 Campus Ave, San Diego, CA 92116
Three fully renovated units include a duplex with balconies and a standalone rear unit, with garages and laundry.
Property Size3,341 SF
Days on Market100
Property Features for 4454-4460 Campus Ave
General Information
Standard status
Pending
Size
3,341 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Site & Location
Neighborhood
University Heights
Additional Details
Multifamily Units
3
Amenities
washer/dryer
pavered patio
balcony
front porch
rear yard
Building Details
Year Built
1910
Stories
2
Construction
craftsman
Tenancy
Multi
Listing Agency:
House333
Listed By:
Luke Kensen luke@house333.com · License #01519602
(619) 333-8088
Source:
Viewsandiegorealestate
Added: Jul 17
Changed: Oct 15
Last Checked: Oct 24 at 5:51PM
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 House333
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Investment Insights
Based on property information with market context.
A turnkey three-unit property featuring a 2-story craftsman-style duplex and a standalone rear third unit. The front duplex units include refinished wood flooring, newly updated kitchens and baths, and restored gum wood detailing in soft white. Laundry is provided with a new stackable full-sized washer/dryer for the front units, while the rear unit has laundry set up in a garage space. Exterior improvements include recently re-landscaped front and back yards and a pavered patio shared by the property. Each unit has its own outdoor space, with a balcony, front porch, or rear yard.
Located in the heart of University Heights, the property is described as walkable to restaurants, shops, and Trolley Park, with 2-car individual garages accessible off the alley. The third unit includes a half-sized garage used for laundry, along with two additional parking spaces off the alley positioned next to the garage structure.
The property is presented as ready for investment, with the seller’s suggested setup allowing an owner to occupy the rear unit while tenants occupy the front two units.
Located in the heart of University Heights, the property is described as walkable to restaurants, shops, and Trolley Park, with 2-car individual garages accessible off the alley. The third unit includes a half-sized garage used for laundry, along with two additional parking spaces off the alley positioned next to the garage structure.
The property is presented as ready for investment, with the seller’s suggested setup allowing an owner to occupy the rear unit while tenants occupy the front two units.
Key Highlights
- Turnkey 3‑unit property built in 1910: 2‑story craftsman duplex plus a standalone rear 3rd unit
- Fully renovated with refinished wood flooring, new kitchens and baths, and restored gum wood details
- Each unit offers outdoor space: balconies and front porch or rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,849
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,196,980
$1.2M
Cap Rate 7%
$854,986
$855.0K
Cap Rate 9%
$664,989
$665.0K
Market Conditions
NOI Build-Up for 3,341 SF
Gross rent
$90.2K $27.00/SF
− Vacancy
−$4.7K −$1.41/SF
EGI
$85.5K $25.59/SF
− OpEx
−$25.6K −$7.68/SF
NOI
$59.8K $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%
$1,196,980
Cap Rate 7%
$854,986
Cap Rate 9%
$664,989
Alternative Uses
Best Use
Multifamily LT 5
$855.0K
$748.1K – $997.5K
NOI $59,849 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$788.9K
$690.3K – $920.3K
NOI $55,220 @ 7.0% cap · market cap 2.97%
Theoretical Best
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,372 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,478
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three fully renovated units include a duplex with balconies and a standalone rear unit, with garages and laundry.
Where is this triplex located?
The property is located at 4454-4460 Campus Ave San Diego, CA.
What is the asking price?
The asking price for this property is $1,860,000.
What are key features of this property?
This property features: Turnkey 3‑unit property built in 1910: 2‑story craftsman duplex plus a standalone rear 3rd unit; Fully renovated with refinished wood flooring, new kitchens and baths, and restored gum wood details; Each unit offers outdoor space: balconies and front porch or rear yard
