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San Diego Multifamily Investment Opportunity

4881 Rolando Court San Diego, CA 92115

4881 Rolando Court, San Diego, CA, 92115
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109-unit apartment community near San Diego State University.

Property Size73,444 SF
Price / SF$360.82
AddedMay 19
Days on Market58
Last RefreshJun 25 at 11:36 am

Property Features for 4881 Rolando Court

General Information

Standard status
Active
Size
73,444 SF
Property subtype
Multifamily

Building Details

Year Built
1967

Listing office NorthMarq - San Diego

Listing date May 19, 2026

Source Crexi

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 - San Diego


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.

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 $2.34M $31.80
− Vacancy −$128.5k −$1.75
EGI $2.21M $30.05
− OpEx −$993.2k −$13.52
NOI $1.21M $16.53
73,444 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$17.34M
$15.17M – $20.23M (±1% cap)
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 (±1% cap)
NOI $2,030,580 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Crescent Gardens Apartment ... Apartment Complex San Diego Handyman ... Hardware & Home Improvement

Suggested Use

Law Firm Real Estate Agency HVAC Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Electrical Service Travel Agency Veterinary Clinic Garden Center Florist

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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 Court 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.
Contact an agent
(415) 250-4947 Call to check price and availability
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