Turnkey Three-Unit Multifamily
4454-4460 Campus Ave San Diego, CA 92116
New
For Sale
Contact for pricing
Three fully renovated units include a duplex with balconies and a standalone rear unit, with garages and laundry.
Property Size3,341 SF
Price / SF$598.62
Days on Market6
Property Features for 4454-4460 Campus Ave
General Information
- Standard status
- Active
- Size
- 3,341 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1910
Listing Agency:
house333
Listed By:
Luke Kensen · License #01519602
Source:
Crexi
Added: Jul 18
Changed: Jul 22
Last Checked: Jul 22 at 11:31AM
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
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.2k | $27.00 |
| − Vacancy | −$4.7k | −$1.41 |
| EGI | $85.5k | $25.59 |
| − OpEx | −$25.6k | −$7.68 |
| NOI | $59.8k | $17.91 |
3,341 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$855.0K
$748.1K – $997.5K
NOI $59,849 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$788.9K
$690.3K – $920.3K
NOI $55,220 @ 7.0% cap · market cap 2.76%
Theoretical Best
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,372 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
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 $2,000,000.
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
