San Diego Multifamily Investment
For Sale
$26,500,000
4881 Rolando Ct, San Diego, CA 92115
109-unit apartment community near San Diego State University.
Property Size73,444 SF
Price / SF$360.82
Days on Market268
Property Features for 4881 Rolando Ct
General Information
Standard status
Active
Size
73,444 SF
Property subtype
Multi-Family
Listing Agency:
NorthMarq Multifamily
Listed By:
Benn Vogelsang BennVogelsang@gmail.com · License #01883437
(415) 250-4947
Source:
Findahomenorthcountysandiego
Added: Jan 19
Changed: Oct 1
Last Checked: Oct 12 at 8:32PM
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 NorthMarq Multifamily
Investment Insights
Based on property information with market context.
Crescent Gardens is a 109-unit garden-style apartment community located in the College Village neighborhood of San Diego, within the San Diego State University submarket. Constructed in 1967, the property is positioned as a stable, income-producing asset. Its location caters to students, faculty, and young professionals, providing convenient access to San Diego State University (SDSU), situated just blocks away. The property also offers accessibility to major employment centers, shopping, dining, and recreational opportunities within the greater San Diego metro area. The property size is 73,444 square feet.
Key Highlights
- Prime location in San Diego's College Village, appealing to students, faculty, and young professionals.
- Proximity to San Diego State University (SDSU), just blocks away.
- Convenient access to major employment centers, shopping, dining, and recreation.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,213,886
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$24,277,720
$24.3M
Cap Rate 7%
$17,341,229
$17.3M
Cap Rate 9%
$13,487,622
$13.5M
Market Conditions
NOI Build-Up for 73,444 SF
Gross rent
$2.34M $31.80/SF
− Vacancy
−$128.5K −$1.75/SF
EGI
$2.21M $30.05/SF
− OpEx
−$993.2K −$13.52/SF
NOI
$1.21M $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%
$24,277,720
Cap Rate 7%
$17,341,229
Cap Rate 9%
$13,487,622
Alternative Uses
Best Use
Apartment 5plus
$17.34M
$15.17M – $20.23M
NOI $1,213,886 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$29.01M
$25.38M – $33.84M
NOI $2,030,580 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,904
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 109-unit apartment community near San Diego State University.
Where is this apartment building located?
The property is located at 4881 Rolando Ct San Diego, CA.
What is the asking price?
The asking price for this property is $26,500,000.
What are key features of this property?
This property features: Prime location in San Diego's College Village, appealing to students, faculty, and young professionals.; Proximity to San Diego State University (SDSU), just blocks away.; Convenient access to major employment centers, shopping, dining, and recreation.
