Two-Unit Multifamily Property with
5024 26 54th St, San Diego, CA 92115
For Sale
New
$1,875,000
Pending
Two residences provide separate living spaces, with solar systems serving both units.
Property Size3,000 SF
Days on Market4
Property Features for 5024 26 54th St
General Information
Standard status
Size
Property subtype
Financials
Gross Income
Average Monthly Rent
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Units
Listing Agency:
Keller Williams Realty - San Diego Metro
Listed By:
Sarah Meester
(209) 840-9247
Source:
Elliman
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 10 at 9:22AM
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 Keller Williams Realty - San Diego Metro
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Investment Insights
Based on property information with market context.
This San Diego multifamily property comprises two separate residences with a combined 10 bedrooms and 5 bathrooms. The front residence has 6 bedrooms and 3 bathrooms; the rear residence has 4 bedrooms and 2 bathrooms. Built in 1958, the front home is paired with a rear unit completed in 2024. Both residences have paid-off solar systems.
The property is near San Diego State University, with shopping, dining, transportation, and major freeways also identified in the surrounding area. Its two-unit configuration combines a larger front residence with a newer rear unit.
The property is near San Diego State University, with shopping, dining, transportation, and major freeways also identified in the surrounding area. Its two-unit configuration combines a larger front residence with a newer rear unit.
Key Highlights
- Two residences with a combined 10 bedrooms and 5 bathrooms
- Front residence has 6 bedrooms and 3 bathrooms; rear residence has 4 bedrooms and 2 bathrooms
- Rear unit built in 2024; front residence built in 1958
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,740
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,074,800
$1.1M
Cap Rate 7%
$767,714
$767.7K
Cap Rate 9%
$597,111
$597.1K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$81.0K $27.00/SF
− Vacancy
−$4.2K −$1.41/SF
EGI
$76.8K $25.59/SF
− OpEx
−$23.0K −$7.68/SF
NOI
$53.7K $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%
$1,074,800
Cap Rate 7%
$767,714
Cap Rate 9%
$597,111
Alternative Uses
Best Use
Multifamily LT 5
$767.7K
$671.8K – $895.7K
NOI $53,740 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$708.3K
$619.8K – $826.4K
NOI $49,584 @ 7.0% cap · market cap 2.64%
Theoretical Best
Specialty Retail
$1.18M
$1.04M – $1.38M
NOI $82,944 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
632
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
$722,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in San Diego, CA
Properties on Market for Multifamily properties in San Diego
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences provide separate living spaces, with solar systems serving both units.
Where is this multifamily property located?
The property is located at 5024 26 54th St San Diego, CA.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Two residences with a combined 10 bedrooms and 5 bathrooms; Front residence has 6 bedrooms and 3 bathrooms; rear residence has 4 bedrooms and 2 bathrooms; Rear unit built in 2024; front residence built in 1958
