Six-Unit Apartment
For Sale
$2,000,050
4495 Clairemont Dr, San Diego, CA 92117
Well-maintained apartment property with on-site parking, laundry facilities, and access to nearby retail, dining, transit, and library services.
Property Size3,956 SF
Price / SF$505.57
Days on Market91
Property Features for 4495 Clairemont Dr
General Information
Standard status
Active
Size
3,956 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
6
Amenities
laundry unit
Listing Agency:
Cassidy & Assoc. Real Estate
Listed By:
Tim Cassidy TC@timcassidy.com · License #01209267
(619) 607-5968
Source:
Viewsandiegorealestate
Added: Jun 17
Changed: Sep 9
Last Checked: Sep 15 at 1:13PM
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 Cassidy & Assoc. Real Estate
Investment Insights
Based on property information with market context.
This six-unit apartment building has been maintained by the owner, a carpenter, for 26 years. Each unit includes on-site parking, and the property has a laundry unit. The roof was installed and the exterior was painted within the past 5 years, providing documented updates to key building components.
The property is located in Clairemont within walking distance of Clairemont Square, the library, restaurants, and bus stops. Walk Score is 42, Bike Score is 33, and Transit Score is 37. Units are to be shown with an accepted offer only.
The property is located in Clairemont within walking distance of Clairemont Square, the library, restaurants, and bus stops. Walk Score is 42, Bike Score is 33, and Transit Score is 37. Units are to be shown with an accepted offer only.
Key Highlights
- 6‑unit apartment building maintained by the owner for 26 years
- On‑site parking for each unit
- Laundry unit on the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,385
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,307,700
$1.3M
Cap Rate 7%
$934,071
$934.1K
Cap Rate 9%
$726,500
$726.5K
Market Conditions
NOI Build-Up for 3,956 SF
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.
Gross rent
$125.8K $31.80/SF
− Vacancy
−$6.9K −$1.75/SF
EGI
$118.9K $30.05/SF
− OpEx
−$53.5K −$13.52/SF
NOI
$65.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,307,700
Cap Rate 7%
$934,071
Cap Rate 9%
$726,500
Alternative Uses
Best Use
Apartment 5plus
$934.1K
$817.3K – $1.09M
NOI $65,385 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.56M
$1.37M – $1.82M
NOI $109,375 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
Explore this area
Business Placement
Demographics for 92117, CA
51,505
Population
21,706
Households
2.4
Avg Household Size
40
Median Age
51%
College-Educated
91%
High-School Grad
8.7 sq mi
ZIP Area
5,920
Density / Sq Mi
$105,286
Median Household Income
$58,135
Median Earnings
$2,115
Median Rent
$914,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained apartment property with on-site parking, laundry facilities, and access to nearby retail, dining, transit, and library services.
Where is this apartment building located?
The property is located at 4495 Clairemont Dr San Diego, CA.
What is the asking price?
The asking price for this property is $2,000,050.
What are key features of this property?
This property features: 6‑unit apartment building maintained by the owner for 26 years; On‑site parking for each unit; Laundry unit on the property
