Newer-Construction 11-Unit
For Sale
$3,825,000
4781 Cereza St, San Diego, CA 92102
Newly completed 11-unit community with a mix of one- and two-bedroom apartments on a 10,085 sq. ft. lot.
Property Size8,380 SF
Lot Size0.23 Acres
Price / SF$456.44
Days on Market97
Property Features for 4781 Cereza St
General Information
Standard status
Active
Size
8,380 SF
Lot size
0.23 Acres
Site & Location
Neighborhood
Lincoln Park
Highway Access
Yes
Additional Details
Multifamily Units
11
Building Details
Year Built
2025
Tenancy
Multi
Listing Agency:
Colliers International SD, Inc
Listed By:
Aaron Bove · License #01318320
(858) 945-7094
Source:
Myfabuloushome
Added: Jul 20
Changed: Oct 5
Last Checked: Oct 7 at 2:12PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This newer-construction multifamily property contains 11 residential units in a single building, completed between 2023 and 2025. The unit mix includes three one-bedroom/one-bath homes, four two-bedroom/one-bath homes, and four two-bedroom/two-bath homes, all designed as modern residences.
The property is located in San Diego at 4781–4787 Cereza Street and 5024 Imperial Avenue and is described as convenient to public transportation, shopping, schools, and major freeways. WalkScore is listed at 70 (somewhat walkable) and transitScore at 49 (some transit), with BikeScore at 50 (bikeable).
The approximately 8,380-square-foot building is sited on a 10,085-square-foot lot. The public remarks note limited near-term capital requirements.
The property is located in San Diego at 4781–4787 Cereza Street and 5024 Imperial Avenue and is described as convenient to public transportation, shopping, schools, and major freeways. WalkScore is listed at 70 (somewhat walkable) and transitScore at 49 (some transit), with BikeScore at 50 (bikeable).
The approximately 8,380-square-foot building is sited on a 10,085-square-foot lot. The public remarks note limited near-term capital requirements.
Key Highlights
- Newer‑construction 11‑unit multifamily community at 4781–4787 Cereza St and 5024 Imperial Ave, San Diego
- Completed between 2023 and 2025
- Unit mix: 3 one‑bedroom/one‑bath, 4 two‑bedroom/one‑bath, and 4 two‑bedroom/two‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,505
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,770,100
$2.8M
Cap Rate 7%
$1,978,643
$2.0M
Cap Rate 9%
$1,538,944
$1.5M
Market Conditions
NOI Build-Up for 8,380 SF
Gross rent
$266.5K $31.80/SF
− Vacancy
−$14.7K −$1.75/SF
EGI
$251.8K $30.05/SF
− OpEx
−$113.3K −$13.52/SF
NOI
$138.5K $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 Rate 5%
$2,770,100
Cap Rate 7%
$1,978,643
Cap Rate 9%
$1,538,944
Alternative Uses
Best Use
Apartment 5plus
$1.98M
$1.73M – $2.31M
NOI $138,505 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,690 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
11
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Explore this area
Business Placement
Demographics for 92102, CA
39,783
Population
15,622
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
80%
High-School Grad
4.5 sq mi
ZIP Area
8,841
Density / Sq Mi
$71,319
Median Household Income
$40,142
Median Earnings
$1,855
Median Rent
$646,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Newly completed 11-unit community with a mix of one- and two-bedroom apartments on a 10,085 sq. ft. lot.
Where is this apartment building located?
The property is located at 4781 Cereza St San Diego, CA.
What is the asking price?
The asking price for this property is $3,825,000.
What are key features of this property?
This property features: Newer‑construction 11‑unit multifamily community at 4781–4787 Cereza St and 5024 Imperial Ave, San Diego; Completed between 2023 and 2025; Unit mix: 3 one‑bedroom/one‑bath, 4 two‑bedroom/one‑bath, and 4 two‑bedroom/two‑bath units
