New Construction 10-Unit
For Sale
$3,050,000
4864 Fond Du Lac Ct, San Diego, CA 92117
New construction 10-unit multifamily featuring studios and one- and two-bedroom layouts with newly built and renovated units.
Property Size5,272 SF
Price / SF$578.53
Days on Market137
Property Features for 4864 Fond Du Lac Ct
General Information
Standard status
Active
Size
5,272 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Bay Ho
Highway Access
Yes
Additional Details
Multifamily Units
10
Building Details
Tenancy
Multi
Listing Agency:
Landmark Multifamily and Development
Listed By:
Miles S Slater miles@sdlandmark.com · License #02151498
(425) 405-8892
Source:
Findhomesinsandiegoarea
Added: Jun 10
Changed: Oct 1
Last Checked: Oct 23 at 7:47AM
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.
4862–4868 Fond Du Lac Court is a new construction 10-unit multifamily asset with a balanced unit mix of (2) two-bedroom/one-bath units, (4) one-bedroom/one-bath units, and (4) studio units. The property includes (8) newly constructed units and (2) fully renovated units, with modern finishes and functional layouts throughout.
The North Clairemont submarket provides direct access to I-5, I-805, SR-52, and SR-163, supporting connections to employment and activity centers across the region. Bicycle and pedestrian scores indicate car-dependent commuting patterns, with BikeScore of 33, WalkScore of 42, and TransitScore of 37.
This offering presents a mix of studio and apartment configurations within a recently built and updated building, designed to support durable occupancy in an established San Diego rental environment.
The North Clairemont submarket provides direct access to I-5, I-805, SR-52, and SR-163, supporting connections to employment and activity centers across the region. Bicycle and pedestrian scores indicate car-dependent commuting patterns, with BikeScore of 33, WalkScore of 42, and TransitScore of 37.
This offering presents a mix of studio and apartment configurations within a recently built and updated building, designed to support durable occupancy in an established San Diego rental environment.
Key Highlights
- New construction 10‑unit multifamily in North Clairemont
- Unit mix includes 4 studios, 4 one‑bedroom/1‑bath, and 2 two‑bedroom/1‑bath units
- Property features 8 newly constructed units plus 2 fully renovated units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,136
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,742,720
$1.7M
Cap Rate 7%
$1,244,800
$1.2M
Cap Rate 9%
$968,178
$968.2K
Market Conditions
NOI Build-Up for 5,272 SF
Gross rent
$167.6K $31.80/SF
− Vacancy
−$9.2K −$1.75/SF
EGI
$158.4K $30.05/SF
− OpEx
−$71.3K −$13.52/SF
NOI
$87.1K $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%
$1,742,720
Cap Rate 7%
$1,244,800
Cap Rate 9%
$968,178
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,136 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.08M
$1.82M – $2.43M
NOI $145,760 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 92117, CA
51,505
Population
21,706
Households
2.4
Avg Household Size
40
Median Age
51%
College-Educated
91%
High-School Grad
8.7 sq mi
ZIP Area
5,920
Density / Sq Mi
$105,286
Median Household Income
$58,135
Median Earnings
$2,115
Median Rent
$914,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - New construction 10-unit multifamily featuring studios and one- and two-bedroom layouts with newly built and renovated units.
Where is this apartment building located?
The property is located at 4864 Fond Du Lac Ct San Diego, CA.
What is the asking price?
The asking price for this property is $3,050,000.
What are key features of this property?
This property features: New construction 10‑unit multifamily in North Clairemont; Unit mix includes 4 studios, 4 one‑bedroom/1‑bath, and 2 two‑bedroom/1‑bath units; Property features 8 newly constructed units plus 2 fully renovated units
