Renovated 11-Unit Apartment
4784 Cereza Street San Diego, CA 92102
4784 Cereza Street, San Diego, CA, 92102
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For Sale
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Fully renovated 11-unit building with one- and two-bedroom apartments and updated kitchens and systems.
Property Size8,380 SF
Price / SF$500
Days on Market45
Property Features for 4784 Cereza Street
General Information
- Standard status
- Active
- Size
- 8,380 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing agency
Colliers - Los Angeles - La Jolla, California
Listed by
Aaron Bove · License #CA 01318320
Source
Crexi
Added: Jun 9 Updated: Jul 10 at 1:59PM Checked: Jul 22 at 4:46PM
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
Investment Insights
Based on property information with market context.
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
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
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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 $4,190,000.
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
