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Four-Unit Property with Expansion Potential

5 C St San Diego, CA 92102

5 C St, San Diego, CA, 92102
$1,295,000
For Sale
Claim this Listing
$1,295,000

Four units with plans for two additional units in San Diego.

Property Size3,118 SF
Lot Size0.13 Acres
Price / SF$415.33
AddedMay 19
Days on Market58
Last RefreshJul 2 at 9:19 am

Property Features for 5 C St

General Information

Standard status
Active
Size
3,118 SF
Lot size
0.13 Acres
Property subtype
Investment

Building Details

Year Built
1951

Listing office NorthMarq Multifamily

Listing date May 19, 2026

Source Elliman

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.

Located in the Mount Hope neighborhood of San Diego, the property at 4103-5 C Street features four units with plans for two additional two-bedroom units. Constructed around 1951, the multiple structures total 3,118 square feet on a 5,871 square foot lot. The front, two-story structure includes a second-level three-bedroom, one-bathroom unit above a two-bedroom, one-bathroom ADU unit and a one-bedroom, one-bathroom unit. Additionally, there is a three-bedroom, one-bathroom house with frontage on 41st Street, as well as a pad in the rear designated for the construction of the two additional two-bedroom ADUs. Upon completion of the ADU construction, there will be 5+ parking spaces, including tandem spots. The property features brick and stucco construction, a composition roof, utility hookups, and city views from select areas. Situated on a corner lot, the property also benefits from alley access.

Key Highlights

  • Plans for two additional 2‑bedroom ADUs, increasing unit count and potential income.
  • Four existing units provide immediate rental income.
  • Located on a corner lot with alley access.

Local Financial Insights For Multifamily LT 5

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 $84.2k $27.00
− Vacancy −$4.4k −$1.41
EGI $79.8k $25.59
− OpEx −$23.9k −$7.68
NOI $55.9k $17.91
3,118 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$797.9K
$698.2K – $930.9K (±1% cap)
NOI $55,854 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$736.2K
$644.2K – $858.9K (±1% cap)
NOI $51,534 @ 7.0% cap · market cap 3.98%
Theoretical Best
Specialty Retail
$1.23M
$1.08M – $1.44M (±1% cap)
NOI $86,206 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Daycare Center Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher (Bike/Boat/Book/etc) Store Clothing & Fashion Store Restaurant Adult Day Care HVAC Service

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

FAQs

What type of property is this?
Quadplex - Four units with plans for two additional units in San Diego.
Where is this quadplex located?
The property is located at 5 C St San Diego, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Plans for two additional 2‑bedroom ADUs, increasing unit count and potential income.; Four existing units provide immediate rental income.; Located on a corner lot with alley access.
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