New 11-Unit Multifamily
4781-4787 Cereza Street San Diego, CA 92102
4781-4787 Cereza Street, San Diego, CA, 92102
$4,190,000
For Sale
$4,190,000
Newly completed 11-unit multifamily building offering one- and two-bedroom apartment layouts.
Property Size8,380 SF
Lot Size0.23 Acres
Price / SF$500
Days on Market8
Property Features for 4781-4787 Cereza Street
General Information
- Standard status
- Active
- Size
- 8,380 SF
- Lot size
- 0.23 Acres
- Property subtype
- Commercial-Res Income / Com-Res Income
Listing agency
Colliers International SD, Inc
(858) 945-7094
Listed by
Aaron Bove · License #01318320
(858) 945-7094
Source
Compass
Added: Jul 14 Updated: Jul 21 at 7:38AM Checked: Jul 21 at 7:38AM
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 Colliers International SD, Inc
Investment Insights
Based on property information with market context.
A newer-construction 11-unit multifamily community completed between 2023 and 2025. The property includes three one-bedroom/one-bath units, four two-bedroom/one-bath units, and four two-bedroom/two-bath units, all within a modern apartment building.
The community is located at 4781–4787 Cereza Street and 5024 Imperial Avenue in San Diego. It is positioned near public transportation, shopping, schools, and major freeways, supporting convenient day-to-day access for residents.
The building totals approximately 8,380 square feet and sits on a 10,085 square-foot lot.
The community is located at 4781–4787 Cereza Street and 5024 Imperial Avenue in San Diego. It is positioned near public transportation, shopping, schools, and major freeways, supporting convenient day-to-day access for residents.
The building totals approximately 8,380 square feet and sits on a 10,085 square-foot lot.
Key Highlights
- Newly completed 11‑unit multifamily community (one building) at 4781–4787 Cereza Street and 5024 Imperial Avenue in San Diego.
- Unit mix: three 1‑bedroom/1‑bath units, four 2‑bedroom/1‑bath units, and four 2‑bedroom/2‑bath units.
- Approximately 8,380 SF building on a 10,085 SF lot.
Local Financial Insights For Apartment 5plus
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 | $266.5k | $31.80 |
| − Vacancy | −$14.7k | −$1.75 |
| EGI | $251.8k | $30.05 |
| − OpEx | −$113.3k | −$13.52 |
| NOI | $138.5k | $16.53 |
8,380 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.98M
$1.73M – $2.31M
NOI $138,505 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,690 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Newly completed 11-unit multifamily building offering one- and two-bedroom apartment layouts.
Where is this apartment building located?
The property is located at 4781-4787 Cereza Street San Diego, CA.
What is the asking price?
The asking price for this property is $4,190,000.
What are key features of this property?
This property features: Newly completed 11‑unit multifamily community (one building) at 4781–4787 Cereza Street and 5024 Imperial Avenue in San Diego.; Unit mix: three 1‑bedroom/1‑bath units, four 2‑bedroom/1‑bath units, and four 2‑bedroom/2‑bath units.; Approximately 8,380 SF building on a 10,085 SF lot.
