Six-Unit Apartment
For Sale
$2,000,050
4495 Clairemont Drive, San Diego, CA 92117
Residential Income, San Diego, CA
Property Size3,956 SF
Lot Size0.22 Acres
Price / SF$505.57
Days on Market43
Property Features for 4495 Clairemont Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3:RESTRI
Bedrooms
33
Bathrooms
21
Full bathrooms
21
Rooms
Bedroom 3, Bedroom 19, Bathroom 20, Bedroom 7, Bedroom 28, Bedroom 29, Bedroom 10, Bathroom 11, Bedroom 33, Bathroom 2, Bedroom 12, Bedroom 9, Bathroom 6, Bedroom 11, Bedroom 25, Bedroom 5, Bedroom 2, Bedroom 14, Bedroom 16, Bedroom 27, Bedroom 4, Bedroom 24, Bedroom 31, Bathroom 15, Bedroom 32, Bedroom 23, Bedroom 15, Bedroom 17, Bathroom 7, Bathroom 10, Bedroom 21, Bathroom 4, Bathroom 14, Bathroom 3, Bedroom 13, Bedroom 6, Bedroom 8, Bedroom 22, Bathroom 8, Bedroom 20, Bathroom 16, Bathroom 17, Bathroom 21, Bathroom 9, Bathroom 18, Bathroom 19, Bedroom 18, Bathroom 1, Bedroom 1, Bathroom 13, Bedroom 26, Bathroom 12, Bathroom 5, Bedroom 30
Subdivision
San Diego (92117)
Standard status
Active
APN
360-533-01-00
Size
3,956 SF
Lot size
0.22 Acres
Amenities
on-site laundry
Building Details
Number of units
6
Listing Agency:
Cassidy & Assoc. Real Estate
(619) 275-2525
Listed By:
Tim Cassidy · License #01209267
(619) 607-5968
Added: Jul 28
Changed: Sep 5
Last Checked: Sep 8 at 1:06PM
MLS# 260018421
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 six-unit multifamily property contains 3,956 square feet on a 0.2211-acre lot and is zoned R-3:RESTRI. The owner, a carpenter, maintained the property for 26 years. Each unit has on-site parking, and a laundry facility is located on the property. The roof was installed and the exterior was painted within the past 5 years.
The property is located at 4495 Clairemont Drive in San Diego’s Clairemont area. Clairemont Square, a library, restaurants, and bus stops are within walking distance, providing access to nearby services and transit options. The property is offered for sale, with showings conducted after an accepted offer.
The property is located at 4495 Clairemont Drive in San Diego’s Clairemont area. Clairemont Square, a library, restaurants, and bus stops are within walking distance, providing access to nearby services and transit options. The property is offered for sale, with showings conducted after an accepted offer.
Key Highlights
- Six‑unit multifamily property with 3,956 square feet of building area
- Located on a 0.2211‑acre lot and zoned R‑3:RESTRI
- On‑site parking provided for each unit
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with individual parking, on-site laundry, and recent roof and exterior painting.
Where is this apartment building located?
The property is located at 4495 Clairemont Drive 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: Six‑unit multifamily property with 3,956 square feet of building area; Located on a 0.2211‑acre lot and zoned R‑3:RESTRI; On‑site parking provided for each unit
