Renovated 11-Unit Apartment
For Sale
Contact for pricing
4784 Cereza Street, San Diego, CA 92102
Fully renovated 11-unit building with one- and two-bedroom apartments and updated kitchens and systems.
Property Size8,380 SF
Price / SF$456.44
Days on Market151
Property Features for 4784 Cereza Street
General Information
Standard status
Active
Size
8,380 SF
Property subtype
Multifamily
Investment Type
Stabilized
Net Operating Income
$238,666
Site & Location
Neighborhood
Lincoln Park
Building Details
Year Built
2023
Year Renovated
2025
Buildings
2
Stories
3
Units
11
Tenancy
Multi
Listing Agency:
Colliers - Los Angeles - La Jolla, California
Listed By:
Aaron Bove · License #CA 01318320
(858) 945-7094
Source:
Crexi
Added: Jun 9
Changed: Oct 29
Last Checked: Nov 6 at 7:58AM
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 - Los Angeles - La Jolla, California
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Investment Insights
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This fully renovated 11-unit apartment community was originally constructed in 2023 and updated in 2025. The 8,380-square-foot property includes an efficient unit mix of one- and two-bedroom apartments, with contemporary updates carried through recent work. Renovations include new kitchens and bathrooms, updated flooring, and refreshed building systems, designed for improved durability and day-to-day ease of operation.
The property is located at 4784 Cereza Street in San Diego’s Lincoln Park neighborhood, on a 0.23-acre lot. As described, the area is positioned for convenient access to major employment destinations including Downtown, National City, and the Mid-City corridor, with proximity to public transportation.
For investors or owner-operators seeking a turn-key, recently refreshed income property, this community offers a straightforward, low-maintenance configuration with modern in-place improvements. The combination of the 2023 construction and 2025 updates supports a practical tenant-ready presentation, while the one- and two-bedroom mix can appeal to a range of household types looking for updated rental housing with urban accessibility.
The property is located at 4784 Cereza Street in San Diego’s Lincoln Park neighborhood, on a 0.23-acre lot. As described, the area is positioned for convenient access to major employment destinations including Downtown, National City, and the Mid-City corridor, with proximity to public transportation.
For investors or owner-operators seeking a turn-key, recently refreshed income property, this community offers a straightforward, low-maintenance configuration with modern in-place improvements. The combination of the 2023 construction and 2025 updates supports a practical tenant-ready presentation, while the one- and two-bedroom mix can appeal to a range of household types looking for updated rental housing with urban accessibility.
Key Highlights
- 11‑unit apartment community built in 2023 and recently updated in 2025
- 8,380 SF building on a 0.23‑acre lot
- Unit mix offers 1- and 2‑bedroom apartments
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.
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Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
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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
$646,600
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in San Diego, CA
Properties on Market for Apartment buildings in San Diego
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated 11-unit building with one- and two-bedroom apartments and updated kitchens and systems.
Where is this apartment building located?
The property is located at 4784 Cereza Street 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: 11‑unit apartment community built in 2023 and recently updated in 2025; 8,380 SF building on a 0.23‑acre lot; Unit mix offers 1- and 2‑bedroom apartments
