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Renovated Duplex
New
For Sale
$1,750,000

4835 37 63rd St, San Diego, CA 92115

Two separate buildings provide a primary residence and a two-story accessory dwelling unit.

Property Size3,058 SF
Lot Size0.15 Acres
Price / SF$572.27
Days on Market3

Property Features for 4835 37 63rd St

General Information

Standard status Active
Size 3,058 SF
Lot size 0.15 Acres
Property subtype Investment

Financials

Cap Rate 5.78%
Gross Income $147,120

Site & Location

Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 2 x 4BR/2BA
Multifamily Units 2

Building Details

Year Built 2024
Buildings 2
Stories 2
Units 2
Listing Agency: Landmark Multifamily and Development
Listed By: Daniel Sipher · License #02043589
Source: Elliman
Added: Oct 16 Last Checked: Oct 16 at 2:23PM

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 Landmark Multifamily and Development

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Investment Insights

Based on property information with market context.

This duplex contains two 4-bedroom, 2-bathroom units totaling approximately 3,058 square feet on a 6,428-square-foot lot. The property is arranged across two structures, with a two-story rear ADU completed in 2024. Both units have undergone full renovations, and a driveway provides parking.

The property is at 4835 37 63rd St in San Diego, near SDSU. Walk Score is 77, Transit Score is 53, and Bike Score is 34. Tenants pay gas, electric, and water. The current cap rate is 5.78%.

Key Highlights

  • Two 4‑bedroom, 2‑bathroom units totaling approximately 3,058 SF
  • 6,428 SF lot with buildings in two separate structures
  • Two‑story rear ADU completed in 2024

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$54,779
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,580 $1.1M
Cap Rate 7%
$782,557 $782.6K
Cap Rate 9%
$608,656 $608.7K
Market Conditions
NOI Build-Up for 3,058 SF
Gross rent
$82.6K $27.00/SF
− Vacancy
−$4.3K −$1.41/SF
EGI
$78.3K $25.59/SF
− OpEx
−$23.5K −$7.68/SF
NOI
$54.8K $17.91/SF
Area
San Diego, CA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,580
Cap Rate 7%
$782,557
Cap Rate 9%
$608,656

Alternative Uses

Best Use
Multifamily LT 5
$782.6K
$684.7K – $913.0K (±1% cap)
NOI $54,779 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$722.0K
$631.8K – $842.4K (±1% cap)
NOI $50,543 @ 7.0% cap · market cap 2.89%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.41M (±1% cap)
NOI $84,548 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,593
Businesses Nearby

Demographics for 92115, CA

64,251
Population
23,448
Households
2.7
Avg Household Size
30
Median Age
39%
College-Educated
87%
High-School Grad
6.2 sq mi
ZIP Area
10,363
Density / Sq Mi
$75,178
Median Household Income
$36,061
Median Earnings
$1,875
Median Rent
$722,500
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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two separate buildings provide a primary residence and a two-story accessory dwelling unit.
Where is this duplex located?
The property is located at 4835 37 63rd St San Diego, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two 4‑bedroom, 2‑bathroom units totaling approximately 3,058 SF; 6,428 SF lot with buildings in two separate structures; Two‑story rear ADU completed in 2024
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